CHICAGO TRUST Co NA Has $784,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

CHICAGO TRUST Co NA increased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,859 shares of the oil and gas producer’s stock after buying an additional 2,812 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Occidental Petroleum were worth $784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rule One Partners LLC bought a new position in shares of Occidental Petroleum in the 3rd quarter worth $14,199,000. Stephens Inc. AR lifted its stake in shares of Occidental Petroleum by 221.0% in the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after buying an additional 10,382 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Occidental Petroleum during the third quarter valued at about $2,509,000. Cerity Partners LLC increased its position in shares of Occidental Petroleum by 27.7% during the third quarter. Cerity Partners LLC now owns 70,580 shares of the oil and gas producer’s stock worth $3,638,000 after acquiring an additional 15,316 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in shares of Occidental Petroleum by 1,247.7% in the 3rd quarter. Synovus Financial Corp now owns 50,486 shares of the oil and gas producer’s stock worth $2,602,000 after acquiring an additional 46,740 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

OXY has been the subject of a number of recent research reports. Scotiabank decreased their price objective on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Wolfe Research upped their price target on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Piper Sandler dropped their price objective on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Barclays reduced their target price on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Finally, Stephens raised their price target 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. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $62.19.

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $52.74 on Tuesday. The firm has a market capitalization of $49.49 billion, a P/E ratio of 13.73 and a beta of 1.57. Occidental Petroleum Co. has a one year low of $45.17 and a one year high of $71.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The business has a fifty day moving average price of $49.59 and a 200-day moving average price of $53.69.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s payout ratio is presently 22.92%.

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.