Occidental Petroleum Co. (NYSE:OXY) is Tejara Capital Ltd’s 6th Largest Position

Tejara Capital Ltd lifted its holdings in Occidental Petroleum Co. (NYSE:OXY) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,991 shares of the oil and gas producer’s stock after purchasing an additional 16,527 shares during the period. Occidental Petroleum comprises about 5.2% of Tejara Capital Ltd’s portfolio, making the stock its 6th largest holding. Tejara Capital Ltd’s holdings in Occidental Petroleum were worth $8,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Howard Capital Management Inc. increased its stake in Occidental Petroleum by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 216 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in Occidental Petroleum by 27.1% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock worth $58,000 after buying an additional 248 shares in the last quarter. Empire Financial Management Company LLC increased its stake in Occidental Petroleum by 4.1% during the 3rd quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer’s stock worth $329,000 after buying an additional 250 shares in the last quarter. Park Avenue Securities LLC increased its stake in Occidental Petroleum by 3.2% during the 4th quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock worth $398,000 after buying an additional 250 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in Occidental Petroleum by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer’s stock worth $2,863,000 after buying an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on OXY. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Roth Capital set a $54.00 price target on Occidental Petroleum in a research report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Truist Financial upped their price target on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup dropped their price target on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.45.

Occidental Petroleum Stock Up 1.7 %

NYSE:OXY opened at $47.31 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The stock’s fifty day moving average is $48.88 and its two-hundred day moving average is $50.20. Occidental Petroleum Co. has a 52 week low of $44.70 and a 52 week high of $71.19. The stock has a market capitalization of $44.40 billion, a price-to-earnings ratio of 19.39 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion. Research analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid a $0.24 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the purchase, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

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.