Occidental Petroleum Co. (NYSE:OXY) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson lowered its position in Occidental Petroleum Co. (NYSE:OXY) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,234 shares of the oil and gas producer’s stock after selling 3,333 shares during the period. First National Bank of Hutchinson’s holdings in Occidental Petroleum were worth $703,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum during the fourth quarter worth approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Occidental Petroleum during the 4th quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in Occidental Petroleum in the 4th quarter valued at $40,000. Transamerica Financial Advisors Inc. acquired a new position in Occidental Petroleum during the third quarter worth $50,000. Finally, Deseret Mutual Benefit Administrators grew its position in shares of Occidental Petroleum by 27.1% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock valued at $58,000 after purchasing an additional 248 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Up 0.7 %

Occidental Petroleum stock opened at $47.96 on Thursday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The firm has a 50 day moving average price of $48.74 and a 200 day moving average price of $50.12. Occidental Petroleum Co. has a fifty-two week low of $44.70 and a fifty-two week high of $71.19. The company has a market capitalization of $45.01 billion, a PE ratio of 19.66 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. Research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm 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 positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.00%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on OXY shares. JPMorgan Chase & Co. decreased their target price on Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Citigroup lowered their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a research note on Monday. The Goldman Sachs Group lowered shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Mizuho decreased their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Truist Financial upped their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $60.45.

Insider Buying and Selling

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.31% of the stock is owned by insiders.

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.