Diversify Advisory Services LLC Has $834,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Diversify Advisory Services LLC lowered its position in Occidental Petroleum Co. (NYSE:OXY) by 20.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,253 shares of the oil and gas producer’s stock after selling 4,071 shares during the quarter. Diversify Advisory Services LLC’s holdings in Occidental Petroleum were worth $834,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OXY. Liberty One Investment Management LLC raised its stake in shares of Occidental Petroleum by 20.6% during the fourth quarter. Liberty One Investment Management LLC now owns 4,770 shares of the oil and gas producer’s stock valued at $236,000 after acquiring an additional 816 shares during the last quarter. Clarius Group LLC lifted its holdings in Occidental Petroleum by 129.7% during the 4th quarter. Clarius Group LLC now owns 9,664 shares of the oil and gas producer’s stock worth $477,000 after buying an additional 5,457 shares during the period. Joule Financial LLC grew its position in shares of Occidental Petroleum by 17.4% in the 4th quarter. Joule Financial LLC now owns 9,595 shares of the oil and gas producer’s stock valued at $474,000 after buying an additional 1,422 shares during the last quarter. Aaron Wealth Advisors LLC increased its stake in shares of Occidental Petroleum by 18.7% in the fourth quarter. Aaron Wealth Advisors LLC now owns 6,353 shares of the oil and gas producer’s stock valued at $314,000 after buying an additional 1,000 shares during the period. Finally, Moss Adams Wealth Advisors LLC lifted its stake in shares of Occidental Petroleum by 9.5% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 8,913 shares of the oil and gas producer’s stock worth $442,000 after acquiring an additional 773 shares during the period. Institutional investors own 88.70% of the company’s stock.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were acquired at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the completion of the transaction, the insider now owns 257,758,886 shares in the company, valued at approximately $11,921,348,477.50. This trade represents a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Raymond James raised their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. TD Cowen dropped their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Barclays lowered their price objective on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company cut their target price on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday, December 9th. Finally, StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $62.19.

Occidental Petroleum Trading Down 2.7 %

NYSE OXY opened at $50.57 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The business has a fifty day simple moving average of $49.72 and a 200 day simple moving average of $53.32. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The firm has a market capitalization of $47.46 billion, a P/E ratio of 13.17 and a beta of 1.57.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s payout ratio is currently 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.