Apella Capital LLC Purchases Shares of 5,527 Occidental Petroleum Co. (NYSE:OXY)

Apella Capital LLC acquired a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,527 shares of the oil and gas producer’s stock, valued at approximately $273,000.

Several other hedge funds also recently modified their holdings of OXY. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Occidental Petroleum by 8.1% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,748 shares of the oil and gas producer’s stock worth $482,000 after acquiring an additional 733 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of Occidental Petroleum by 3.2% during the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock valued at $398,000 after purchasing an additional 250 shares during the period. FNY Investment Advisers LLC boosted its position in shares of Occidental Petroleum by 4,791.6% during the 4th quarter. FNY Investment Advisers LLC now owns 4,060 shares of the oil and gas producer’s stock worth $200,000 after purchasing an additional 3,977 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Occidental Petroleum by 4.4% in the 4th quarter. Moody National Bank Trust Division now owns 13,881 shares of the oil and gas producer’s stock valued at $686,000 after buying an additional 588 shares during the period. Finally, CHICAGO TRUST Co NA increased its position in Occidental Petroleum by 21.6% in the 4th quarter. CHICAGO TRUST Co NA now owns 15,859 shares of the oil and gas producer’s stock valued at $784,000 after buying an additional 2,812 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on OXY shares. Raymond James raised 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. Truist Financial boosted their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday. Scotiabank reduced their price objective on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company lowered their target price on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research note on Friday, November 8th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.19.

Occidental Petroleum Stock Performance

NYSE OXY opened at $52.68 on Thursday. The company has a market capitalization of $49.43 billion, a PE ratio of 13.72 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum Co. has a 52-week low of $45.17 and a 52-week high of $71.18. The company has a 50-day simple moving average of $49.62 and a 200 day simple moving average of $53.61.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th were issued a $0.22 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.67%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the purchase, the insider now owns 264,178,414 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

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.