4,998 Shares in Occidental Petroleum Co. (NYSE:OXY) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,998 shares of the oil and gas producer’s stock, valued at approximately $247,000.

A number of other hedge funds also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Occidental Petroleum in the 2nd quarter worth $256,000. Thrivent Financial for Lutherans lifted its stake in shares of Occidental Petroleum by 2.6% in the second quarter. Thrivent Financial for Lutherans now owns 57,093 shares of the oil and gas producer’s stock worth $3,599,000 after acquiring an additional 1,425 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Occidental Petroleum by 7.3% in the second quarter. Evergreen Capital Management LLC now owns 4,782 shares of the oil and gas producer’s stock valued at $302,000 after purchasing an additional 326 shares during the last quarter. AXA S.A. grew its stake in Occidental Petroleum by 1.1% during the 2nd quarter. AXA S.A. now owns 31,721 shares of the oil and gas producer’s stock valued at $1,999,000 after purchasing an additional 349 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Occidental Petroleum by 11.5% during the 2nd quarter. AQR Capital Management LLC now owns 80,581 shares of the oil and gas producer’s stock worth $5,077,000 after purchasing an additional 8,327 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OXY. Jefferies Financial Group raised their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Raymond James upped their price objective on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. UBS Group decreased their target price on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Scotiabank reduced their price objective on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Occidental Petroleum in a research note on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 target price for the company. 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 issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.19.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Trading Down 2.1 %

NYSE:OXY opened at $49.26 on Friday. The stock has a fifty day simple moving average of $49.70 and a 200 day simple moving average of $53.20. The firm has a market capitalization of $46.22 billion, a price-to-earnings ratio of 12.83 and a beta of 1.57. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.92%.

Occidental Petroleum Company Profile

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.