Bramshill Investments LLC Invests $568,000 in Occidental Petroleum Co. (NYSE:OXY)

Bramshill Investments LLC bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 11,500 shares of the oil and gas producer's stock, valued at approximately $568,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OXY. Vanguard Group Inc. raised its holdings in shares of Occidental Petroleum by 18.1% in the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock worth $3,365,992,000 after buying an additional 10,434,098 shares in the last quarter. Berkshire Hathaway Inc lifted its holdings in shares of Occidental Petroleum by 3.5% during the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock valued at $13,053,055,000 after acquiring an additional 8,896,890 shares during the period. Marshall Wace LLP boosted its stake in shares of Occidental Petroleum by 48.1% in the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock valued at $203,459,000 after purchasing an additional 1,337,728 shares in the last quarter. Invesco Ltd. increased its position in shares of Occidental Petroleum by 25.2% during the 4th quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock worth $314,133,000 after purchasing an additional 1,278,389 shares in the last quarter. Finally, Scharf Investments LLC lifted its holdings in Occidental Petroleum by 48.7% during the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer's stock valued at $121,600,000 after purchasing an additional 805,525 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $40.61 on Monday. The company has a 50-day simple moving average of $43.72 and a two-hundred day simple moving average of $47.59. Occidental Petroleum Co. has a twelve month low of $34.79 and a twelve month high of $65.78. The stock has a market capitalization of $38.16 billion, a price-to-earnings ratio of 16.64 and a beta of 1.02. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $6.84 billion during the quarter, compared to analysts' expectations of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.36%. Occidental Petroleum's payout ratio is 39.34%.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen downgraded Occidental Petroleum from a "buy" rating to a "hold" rating and reduced their target price for the stock from $68.00 to $45.00 in a report on Tuesday, April 8th. Piper Sandler lowered their target price on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and cut their price target for the company from $54.00 to $45.00 in a report on Friday, January 31st. Roth Capital set a $54.00 price objective on shares of Occidental Petroleum in a research report on Thursday, January 23rd. Finally, Barclays reduced their target price on shares of Occidental Petroleum from $58.00 to $46.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Occidental Petroleum has an average rating of "Hold" and an average target price of $54.19.

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.

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