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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thoroughbred Financial Services LLC raised its holdings in Occidental Petroleum by 38.2% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,314 shares of the oil and gas producer’s stock valued at $334,000 after acquiring an additional 1,468 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Occidental Petroleum in the second quarter worth $222,000. Citizens Financial Group Inc. RI raised its stake in Occidental Petroleum by 18.5% in the second quarter. Citizens Financial Group Inc. RI now owns 5,029 shares of the oil and gas producer’s stock valued at $317,000 after purchasing an additional 784 shares in the last quarter. Moors & Cabot Inc. lifted its position in Occidental Petroleum by 5.9% during the second quarter. Moors & Cabot Inc. now owns 31,275 shares of the oil and gas producer’s stock worth $1,971,000 after purchasing an additional 1,735 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its stake in Occidental Petroleum by 8.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 50,448 shares of the oil and gas producer’s stock worth $3,180,000 after buying an additional 4,113 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Price Performance

OXY stock opened at $52.68 on Thursday. 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 market capitalization of $49.43 billion, a P/E ratio of 13.72 and a beta of 1.57. The company has a fifty day moving average price of $49.62 and a 200-day moving average price of $53.61.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were given 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%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OXY. Susquehanna dropped their target price 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. Evercore ISI lowered their price objective on shares of Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating for the company in a research report on Monday, September 30th. UBS Group reduced their target price on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Jefferies Financial Group boosted their price target on Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, November 12th. Finally, Truist Financial raised their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $62.19.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.31% of the company’s stock.

About Occidental Petroleum

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.