Collar Capital Management LLC Takes $776,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Collar Capital Management LLC acquired a new position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,712 shares of the oil and gas producer's stock, valued at approximately $776,000.

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

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm's 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 transaction, the insider now owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company's stock.

Occidental Petroleum Stock Up 1.4 %

Shares of OXY opened at $39.37 on Wednesday. The firm has a market capitalization of $37.00 billion, a price-to-earnings 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 company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The business's fifty day moving average price is $43.34 and its two-hundred day moving average price is $47.45.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. On average, analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm 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 $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.44%. Occidental Petroleum's payout ratio is presently 39.34%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OXY. Wells Fargo & Company decreased their price target on shares of Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. TD Cowen cut Occidental Petroleum from a "buy" rating to a "hold" rating and cut their price target for the company from $68.00 to $45.00 in a report on Tuesday, April 8th. Piper Sandler decreased their price objective on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Truist Financial upped their target price on Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research note on Monday, January 13th. Finally, Stephens decreased their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and a consensus price target of $54.19.

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.

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