Occidental Petroleum Co. (NYSE:OXY) Shares Sold by First National Bank of Hutchinson

First National Bank of Hutchinson lowered its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 19.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,234 shares of the oil and gas producer’s stock after selling 3,333 shares during the quarter. First National Bank of Hutchinson’s holdings in Occidental Petroleum were worth $703,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Whipplewood Advisors LLC acquired a new stake in shares of Occidental Petroleum during the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $27,000. Atala Financial Inc acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $40,000. Transamerica Financial Advisors Inc. purchased a new position in Occidental Petroleum during the 3rd quarter worth approximately $50,000. Finally, Deseret Mutual Benefit Administrators lifted its stake in Occidental Petroleum by 27.1% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock valued at $58,000 after buying an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the stock in a transaction on 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 purchase, the insider now owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is owned by insiders.

Occidental Petroleum Stock Performance

Shares of OXY opened at $47.96 on Thursday. 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 company has a 50-day moving average of $48.74 and a two-hundred day moving average of $50.12. Occidental Petroleum Co. has a 12-month low of $44.70 and a 12-month high of $71.19. The stock has a market cap of $45.01 billion, a P/E ratio of 19.66 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY) 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. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion. As a group, research analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s dividend payout ratio (DPR) is currently 39.34%.

Analyst Ratings Changes

OXY has been the topic of a number of recent research reports. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a report on Thursday, January 23rd. Raymond James cut shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their target price for the company from $81.00 to $64.00 in a report on Monday, March 10th. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, February 27th. Citigroup reduced their price objective on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Truist Financial lifted their target price on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.45.

About Occidental Petroleum

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.