Moody National Bank Trust Division Boosts Stake in Occidental Petroleum Co. (NYSE:OXY)

Moody National Bank Trust Division lifted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 13,881 shares of the oil and gas producer’s stock after purchasing an additional 588 shares during the quarter. Moody National Bank Trust Division’s holdings in Occidental Petroleum were worth $686,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of OXY. H&H International Investment LLC raised its stake in shares of Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock valued at $475,389,000 after purchasing an additional 7,680,598 shares in the last quarter. Himalaya Capital Management LLC acquired a new stake in Occidental Petroleum during the second quarter valued at approximately $92,433,000. Anson Funds Management LP lifted its holdings in Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock worth $39,453,000 after buying an additional 745,050 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Occidental Petroleum by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock valued at $710,886,000 after acquiring an additional 444,850 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Occidental Petroleum during the 3rd quarter valued at approximately $18,554,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the purchase, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on OXY shares. Raymond James lifted their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a report on Thursday, November 21st. Jefferies Financial Group boosted their price objective on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Stephens lifted their target price on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. BMO Capital Markets dropped their price target on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $56.00 price target on shares of Occidental Petroleum in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.19.

Occidental Petroleum Stock Down 1.1 %

Shares of OXY stock opened at $52.11 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. The stock has a market cap of $48.90 billion, a PE ratio of 13.57 and a beta of 1.57. The business’s fifty day moving average is $49.62 and its 200-day moving average is $53.61. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

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.