Hahn Capital Management LLC Grows Holdings in Occidental Petroleum Co. (NYSE:OXY)

Hahn Capital Management LLC boosted its holdings in Occidental Petroleum Co. (NYSE:OXY) by 49.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,114 shares of the oil and gas producer’s stock after purchasing an additional 38,555 shares during the quarter. Occidental Petroleum comprises 2.5% of Hahn Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Hahn Capital Management LLC’s holdings in Occidental Petroleum were worth $5,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in Occidental Petroleum by 2.9% in the 4th quarter. QRG Capital Management Inc. now owns 20,242 shares of the oil and gas producer’s stock valued at $1,000,000 after buying an additional 561 shares during the period. Proficio Capital Partners LLC acquired a new position in Occidental Petroleum in the 4th quarter valued at $6,337,000. Oppenheimer & Co. Inc. increased its stake in Occidental Petroleum by 0.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 246,029 shares of the oil and gas producer’s stock valued at $12,156,000 after buying an additional 1,746 shares during the period. New York Life Investment Management LLC increased its stake in Occidental Petroleum by 1.1% in the 4th quarter. New York Life Investment Management LLC now owns 90,979 shares of the oil and gas producer’s stock valued at $4,495,000 after buying an additional 1,002 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in Occidental Petroleum in the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the topic of several recent research reports. Mizuho dropped their price objective on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. 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 note on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a research note on Friday, November 8th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Occidental Petroleum in a research note on Friday, February 21st. Finally, UBS Group upped their price target on shares of Occidental Petroleum from $54.00 to $56.00 and gave the stock a “neutral” rating in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $61.55.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now directly owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 6,854,394 shares of company stock worth $315,101,532 in the last three months. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Price Performance

NYSE:OXY opened at $48.64 on Friday. The firm has a market cap of $45.64 billion, a price-to-earnings ratio of 19.93 and a beta of 1.55. 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’s 50-day moving average is $49.42 and its two-hundred day moving average is $51.18. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. Research analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s dividend payout ratio is 39.34%.

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.