Fortis Group Advisors LLC Has $103,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Fortis Group Advisors LLC grew its stake in shares of Occidental Petroleum Co. (NYSE:OXYFree Report) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,720 shares of the oil and gas producer’s stock after purchasing an additional 860 shares during the period. Fortis Group Advisors LLC’s holdings in Occidental Petroleum were worth $103,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Hathaway Inc increased its stake in Occidental Petroleum by 8.7% during the 4th quarter. Berkshire Hathaway Inc now owns 243,715,804 shares of the oil and gas producer’s stock valued at $14,552,271,000 after purchasing an additional 19,586,612 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Occidental Petroleum by 600.4% in the 3rd quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock worth $145,520,000 after acquiring an additional 1,922,656 shares during the last quarter. Pacer Advisors Inc. lifted its position in Occidental Petroleum by 22.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock valued at $357,977,000 after acquiring an additional 1,088,052 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in Occidental Petroleum by 51.7% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock valued at $139,749,000 after purchasing an additional 797,894 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Occidental Petroleum by 237.9% in the fourth quarter. TD Asset Management Inc now owns 756,862 shares of the oil and gas producer’s stock worth $45,192,000 after purchasing an additional 532,847 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

OXY traded up $0.04 during trading on Friday, reaching $59.84. The stock had a trading volume of 8,611,084 shares, compared to its average volume of 5,898,237. The business has a 50-day moving average of $64.09 and a 200-day moving average of $61.42. Occidental Petroleum Co. has a one year low of $55.12 and a one year high of $71.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.71 and a current ratio of 0.95. The stock has a market cap of $53.06 billion, a PE ratio of 16.35 and a beta of 1.59.

Occidental Petroleum (NYSE:OXYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Occidental Petroleum had a return on equity of 17.50% and a net margin of 15.62%. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.70 billion. During the same period last year, the company earned $1.09 EPS. Occidental Petroleum’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Occidental Petroleum Co. will post 3.89 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.88 annualized dividend and a yield of 1.47%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 24.04%.

Analyst Upgrades and Downgrades

Several research firms have commented on OXY. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Morgan Stanley lifted their price target on Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Citigroup reduced their price objective on Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. Truist Financial downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating and cut their price target for the stock from $84.00 to $69.00 in a report on Thursday, May 16th. Finally, Susquehanna lifted their price target on shares of Occidental Petroleum from $70.00 to $81.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Eleven analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $71.50.

Get Our Latest Stock Report on Occidental Petroleum

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 1,386,844 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was acquired at an average price of $59.67 per share, for a total transaction of $82,752,981.48. Following the completion of the acquisition, the insider now owns 250,583,605 shares in the company, valued at $14,952,323,710.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 3,261,633 shares of company stock worth $195,475,671 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Occidental Petroleum Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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