Atria Investments LLC Makes New Investment in Occidental Petroleum Co. (NYSE:OXY)

Atria Investments LLC bought a new position in shares of Occidental Petroleum Co. (NYSE:OXYGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 19,443 shares of the oil and gas producer’s stock, valued at approximately $1,145,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Occidental Petroleum by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 101,902,647 shares of the oil and gas producer’s stock worth $5,781,956,000 after acquiring an additional 2,385,883 shares during the period. GQG Partners LLC grew its holdings in Occidental Petroleum by 16.1% during the 1st quarter. GQG Partners LLC now owns 26,669,384 shares of the oil and gas producer’s stock valued at $1,512,799,000 after buying an additional 3,690,561 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Occidental Petroleum by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 11,669,881 shares of the oil and gas producer’s stock valued at $662,225,000 after buying an additional 514,934 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Occidental Petroleum by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,035,799 shares of the oil and gas producer’s stock valued at $285,732,000 after buying an additional 118,928 shares in the last quarter. Finally, Swiss National Bank grew its holdings in Occidental Petroleum by 14.0% during the 1st quarter. Swiss National Bank now owns 4,045,341 shares of the oil and gas producer’s stock valued at $229,533,000 after buying an additional 496,500 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Occidental Petroleum Stock Down 2.3 %

NYSE:OXY opened at $71.12 on Friday. Occidental Petroleum Co. has a twelve month low of $26.05 and a twelve month high of $77.13. The company has a market cap of $64.64 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.56 and a beta of 1.82. The stock has a fifty day simple moving average of $68.30 and a 200-day simple moving average of $65.50. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 1.08.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Monday, December 12th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, December 9th. This represents a $0.52 annualized dividend and a dividend yield of 0.73%. Occidental Petroleum’s dividend payout ratio (DPR) is 4.33%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OXY. Morgan Stanley cut their price objective on shares of Occidental Petroleum from $76.00 to $73.00 and set an “equal weight” rating for the company in a report on Wednesday, October 19th. StockNews.com started coverage on shares of Occidental Petroleum in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Wells Fargo & Company raised shares of Occidental Petroleum from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $59.00 to $74.00 in a report on Monday, November 14th. Tudor Pickering lowered shares of Occidental Petroleum from a “buy” rating to a “hold” rating in a report on Friday, August 19th. Finally, Jefferies Financial Group started coverage on shares of Occidental Petroleum in a report on Wednesday, October 19th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and an average target price of $76.11.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 1,737,316 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was acquired at an average cost of $60.71 per share, for a total transaction of $105,472,454.36. Following the completion of the transaction, the insider now owns 194,351,650 shares in the company, valued at $11,799,088,671.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

About Occidental Petroleum

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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, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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