Schonfeld Strategic Advisors LLC Buys 24,990 Shares of Occidental Petroleum Co. (NYSE:OXY)

Schonfeld Strategic Advisors LLC increased its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 71.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,926 shares of the oil and gas producer's stock after purchasing an additional 24,990 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Occidental Petroleum were worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Retirement Systems of Alabama raised its stake in shares of Occidental Petroleum by 1.8% during the third quarter. Retirement Systems of Alabama now owns 149,387 shares of the oil and gas producer's stock valued at $7,699,000 after acquiring an additional 2,700 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Occidental Petroleum by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer's stock worth $39,880,000 after buying an additional 51,042 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Occidental Petroleum by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 77,080 shares of the oil and gas producer's stock valued at $3,973,000 after buying an additional 926 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Occidental Petroleum by 5.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 23,368 shares of the oil and gas producer's stock valued at $1,155,000 after acquiring an additional 1,274 shares in the last quarter. Finally, Czech National Bank raised its holdings in Occidental Petroleum by 6.8% in the 4th quarter. Czech National Bank now owns 146,485 shares of the oil and gas producer's stock worth $7,238,000 after purchasing an additional 9,322 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of Occidental Petroleum stock in a transaction dated 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 completion of the purchase, the insider now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company's stock.

Occidental Petroleum Stock Performance

OXY stock traded up $0.56 on Tuesday, hitting $39.37. The company had a trading volume of 9,308,421 shares, compared to its average volume of 10,946,054. The stock has a market cap of $37.00 billion, a price-to-earnings ratio of 16.14 and a beta of 1.02. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock's 50-day simple moving average is $43.53 and its 200 day simple moving average 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 announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 11.37% and a return on equity of 16.33%. As a group, equities research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OXY. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the company an "overweight" rating in a research report on Wednesday, March 26th. Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Truist Financial lifted their price target on Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Wells Fargo & Company lowered their price objective on Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Finally, Piper Sandler lowered their price target on shares of Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.