Caption Management LLC Acquires 17,100 Shares of Occidental Petroleum Co. (NYSE:OXY)

Caption Management LLC increased its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 194.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,900 shares of the oil and gas producer's stock after buying an additional 17,100 shares during the period. Caption Management LLC's holdings in Occidental Petroleum were worth $1,280,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum in the 4th quarter worth $26,000. VSM Wealth Advisory LLC bought a new position in Occidental Petroleum in the fourth quarter worth about $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at about $27,000. Atala Financial Inc bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $40,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Occidental Petroleum in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the company's stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on OXY. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a research report on Thursday, January 23rd. Susquehanna decreased their price objective on Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Hsbc Global Res upgraded Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. Morgan Stanley set a $58.00 price target on Occidental Petroleum and gave the company an "overweight" rating in a research note on Wednesday, March 26th. Finally, Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $54.19.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $39.37 on Wednesday. The stock has a market cap of $37.00 billion, a PE ratio of 16.14 and a beta of 0.81. Occidental Petroleum Co. has a 52-week low of $34.79 and a 52-week high of $65.45. The business has a 50-day simple moving average of $43.34 and a 200-day simple moving average of $47.45. 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 announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. On average, equities analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.44%. Occidental Petroleum's dividend payout ratio is presently 39.34%.

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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