Financial Partners Group LLC Has $2.42 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Financial Partners Group LLC decreased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 49.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 48,908 shares of the oil and gas producer’s stock after selling 47,464 shares during the period. Occidental Petroleum makes up 1.0% of Financial Partners Group LLC’s holdings, making the stock its 27th largest position. Financial Partners Group LLC’s holdings in Occidental Petroleum were worth $2,417,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OXY. Certified Advisory Corp bought a new stake in shares of Occidental Petroleum during the fourth quarter worth $476,000. Rule One Partners LLC bought a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $14,199,000. Stephens Inc. AR increased its position in Occidental Petroleum by 221.0% during the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock worth $777,000 after buying an additional 10,382 shares during the last quarter. Sarasin & Partners LLP raised its stake in Occidental Petroleum by 5.4% in the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock valued at $48,942,000 after acquiring an additional 50,983 shares during the period. Finally, Weiss Asset Management LP bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth about $2,509,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OXY shares. Bank of America started coverage on shares of Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 target price on the stock. Wells Fargo & Company dropped their target price on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. UBS Group reduced their price objective on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Susquehanna cut their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a report on Thursday, November 14th. Finally, Raymond James upped their target price on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.19.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the firm’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Trading Up 0.2 %

Shares of OXY opened at $50.31 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a twelve month low of $45.17 and a twelve month high of $71.18. The company has a market cap of $47.20 billion, a P/E ratio of 13.10 and a beta of 1.57. The company’s fifty day simple moving average is $49.71 and its 200-day simple moving average is $53.22.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.75%. Occidental Petroleum’s dividend payout ratio (DPR) is 22.92%.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.