Everett Harris & Co. CA Has $330,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Everett Harris & Co. CA grew its position in Occidental Petroleum Co. (NYSE:OXY) by 19.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,677 shares of the oil and gas producer’s stock after buying an additional 1,107 shares during the period. Everett Harris & Co. CA’s holdings in Occidental Petroleum were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position 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 worth $5,077,000 after purchasing an additional 8,327 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of Occidental Petroleum by 87.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,754 shares of the oil and gas producer’s stock worth $142,000 after buying an additional 1,287 shares during the period. Czech National Bank raised its stake in shares of Occidental Petroleum by 8.3% during the third quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after buying an additional 10,456 shares during the last quarter. Chemistry Wealth Management LLC lifted 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 period. Finally, True North Advisors LLC boosted its stake in Occidental Petroleum by 44.2% in the third quarter. True North Advisors LLC now owns 6,272 shares of the oil and gas producer’s stock valued at $323,000 after acquiring an additional 1,923 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

NYSE OXY opened at $46.65 on Friday. The firm’s 50 day moving average is $49.43 and its 200-day moving average is $52.68. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $43.78 billion, a PE ratio of 12.15 and a beta of 1.57. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.89%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the purchase, the insider now directly owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

OXY has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Susquehanna reduced their target price on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a report on Thursday, November 14th. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Tuesday, January 28th. Raymond James lifted 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 note on Thursday, November 21st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $56.00 target price on shares of Occidental Petroleum in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have given a buy rating and one has assigned 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.

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.