Alyeska Investment Group L.P. Increases Holdings in Occidental Petroleum Co. (NYSE:OXY)

Alyeska Investment Group L.P. grew its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 288.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 951,059 shares of the oil and gas producer's stock after purchasing an additional 705,914 shares during the quarter. Alyeska Investment Group L.P. owned about 0.10% of Occidental Petroleum worth $46,992,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Alteri Wealth LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at $636,000. ArrowMark Colorado Holdings LLC increased its stake in Occidental Petroleum by 74.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 54,650 shares of the oil and gas producer's stock valued at $2,700,000 after purchasing an additional 23,350 shares in the last quarter. AXA S.A. raised its holdings in shares of Occidental Petroleum by 309.3% during the fourth quarter. AXA S.A. now owns 141,192 shares of the oil and gas producer's stock valued at $6,976,000 after purchasing an additional 106,696 shares during the period. Wahed Invest LLC boosted its position in shares of Occidental Petroleum by 6.5% during the 4th quarter. Wahed Invest LLC now owns 17,246 shares of the oil and gas producer's stock worth $852,000 after purchasing an additional 1,053 shares in the last quarter. Finally, One68 Global Capital LLC acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $445,000. 88.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on OXY. Citigroup dropped their price target on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a research note on Monday, March 17th. Scotiabank downgraded shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price target for the company. in a research report on Friday, April 11th. UBS Group lowered their price objective on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. TD Cowen lowered Occidental Petroleum from a "buy" rating to a "hold" rating and lowered their price target for the company from $68.00 to $45.00 in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group lowered shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. 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 company's stock. According to MarketBeat, Occidental Petroleum has an average rating of "Hold" and an average price target of $54.19.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the company's stock in a transaction dated Friday, February 7th. The stock was purchased at an average price 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 in the company, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

Occidental Petroleum Stock Performance

Occidental Petroleum stock traded down $1.80 during midday trading on Monday, reaching $38.81. The stock had a trading volume of 15,369,336 shares, compared to its average volume of 10,952,530. The firm has a market capitalization of $36.47 billion, a PE ratio of 15.91 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. The firm's 50-day moving average price is $43.53 and its 200 day moving average price is $47.50. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $65.78.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $7.14 billion. As a group, research analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be given a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.47%. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

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.