Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Trimmed by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. decreased its holdings in Occidental Petroleum Co. (NYSE:OXY) by 71.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,442 shares of the oil and gas producer’s stock after selling 3,682 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Occidental Petroleum were worth $71,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Occidental Petroleum during the 2nd quarter worth about $256,000. Thrivent Financial for Lutherans lifted its position in Occidental Petroleum by 2.6% in the second quarter. Thrivent Financial for Lutherans now owns 57,093 shares of the oil and gas producer’s stock worth $3,599,000 after purchasing an additional 1,425 shares during the period. Evergreen Capital Management LLC boosted its stake in Occidental Petroleum by 7.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 4,782 shares of the oil and gas producer’s stock valued at $302,000 after purchasing an additional 326 shares in the last quarter. AXA S.A. increased its position in shares of Occidental Petroleum by 1.1% during the 2nd quarter. AXA S.A. now owns 31,721 shares of the oil and gas producer’s stock valued at $1,999,000 after purchasing an additional 349 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of Occidental Petroleum by 11.5% in the 2nd quarter. AQR Capital Management LLC now owns 80,581 shares of the oil and gas producer’s stock worth $5,077,000 after buying an additional 8,327 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of Occidental Petroleum stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the transaction, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $49.26 on Friday. Occidental Petroleum Co. has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The stock’s 50-day moving average is $49.69 and its two-hundred day moving average is $53.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The firm has a market cap of $46.22 billion, a P/E ratio of 12.83 and a beta of 1.57.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OXY shares. UBS Group lowered their target price on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Citigroup lowered their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Evercore ISI reduced their target price on shares of Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating for the company in a report on Monday, September 30th. Stephens lifted their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Jefferies Financial Group increased their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.19.

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.