Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Swedbank AB

Swedbank AB increased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 21.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 343,689 shares of the oil and gas producer’s stock after purchasing an additional 61,635 shares during the quarter. Swedbank AB’s holdings in Occidental Petroleum were worth $16,982,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Occidental Petroleum by 11.5% in the second quarter. AQR Capital Management LLC now owns 80,581 shares of the oil and gas producer’s stock valued at $5,077,000 after acquiring an additional 8,327 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its holdings in shares of Occidental Petroleum by 87.7% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,754 shares of the oil and gas producer’s stock valued at $142,000 after purchasing an additional 1,287 shares in the last quarter. Czech National Bank lifted its position in shares of Occidental Petroleum by 8.3% during the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after purchasing an additional 10,456 shares during the last quarter. Regency Capital Management Inc. DE acquired a new position in shares of Occidental Petroleum during the third quarter worth $392,000. Finally, Chemistry Wealth Management LLC increased its holdings in Occidental Petroleum by 0.9% in the third quarter. Chemistry Wealth Management LLC now owns 35,974 shares of the oil and gas producer’s stock valued at $1,854,000 after buying an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Down 4.6 %

Shares of Occidental Petroleum stock opened at $46.65 on Friday. The firm has a market cap of $43.78 billion, a price-to-earnings ratio of 12.15 and a beta of 1.57. Occidental Petroleum Co. has a 52-week low of $45.17 and a 52-week high of $71.18. The company’s 50-day simple moving average is $49.54 and its 200-day simple moving average is $52.78. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 22.92%.

Analysts Set New Price Targets

Several research firms have recently issued reports on OXY. TD Cowen lowered their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Piper Sandler dropped their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Raymond James boosted their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Stephens increased their target price on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, Susquehanna reduced their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.71.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was purchased 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 of the company’s stock, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Occidental Petroleum 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.