Occidental Petroleum Co. (NYSE:OXY) Stake Reduced by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its stake in Occidental Petroleum Co. (NYSE:OXY) by 50.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,357 shares of the oil and gas producer’s stock after selling 1,397 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Occidental Petroleum were worth $67,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Sarasin & Partners LLP boosted its stake in Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock valued at $48,942,000 after purchasing an additional 50,983 shares during the period. Lincoln Capital LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter worth approximately $1,514,000. Liberty One Investment Management LLC grew its holdings in Occidental Petroleum by 20.6% in the 4th quarter. Liberty One Investment Management LLC now owns 4,770 shares of the oil and gas producer’s stock worth $236,000 after buying an additional 816 shares in the last quarter. Clarius Group LLC increased its position in Occidental Petroleum by 129.7% in the 4th quarter. Clarius Group LLC now owns 9,664 shares of the oil and gas producer’s stock valued at $477,000 after acquiring an additional 5,457 shares during the period. Finally, Joule Financial LLC raised its stake in Occidental Petroleum by 17.4% during the 4th quarter. Joule Financial LLC now owns 9,595 shares of the oil and gas producer’s stock valued at $474,000 after acquiring an additional 1,422 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OXY shares. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Stephens raised their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. TD Cowen cut their target price on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Finally, Bank of America assumed coverage on Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price target on the stock. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.19.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Trading Up 0.2 %

NYSE OXY opened at $50.31 on Friday. The company has a market capitalization of $47.20 billion, a PE ratio of 13.10 and a beta of 1.57. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The firm’s fifty day simple moving average is $49.71 and its 200-day simple moving average is $53.22.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Occidental Petroleum 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.