20,000 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Monetta Financial Services Inc.

Monetta Financial Services Inc. bought a new stake in Occidental Petroleum Co. (NYSE:OXYGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,000 shares of the oil and gas producer’s stock, valued at approximately $1,135,000. Occidental Petroleum accounts for about 0.9% of Monetta Financial Services Inc.’s holdings, making the stock its 21st biggest holding.

Several other hedge funds have also recently bought and sold shares of the company. GQG Partners LLC increased its holdings in Occidental Petroleum by 15.7% in the 4th quarter. GQG Partners LLC now owns 22,978,823 shares of the oil and gas producer’s stock valued at $666,054,000 after buying an additional 3,123,792 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Occidental Petroleum by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,154,947 shares of the oil and gas producer’s stock worth $323,362,000 after buying an additional 421,344 shares in the last quarter. Laurion Capital Management LP increased its holdings in shares of Occidental Petroleum by 152.8% during the fourth quarter. Laurion Capital Management LP now owns 5,080,754 shares of the oil and gas producer’s stock worth $147,291,000 after buying an additional 3,071,233 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Occidental Petroleum by 90.8% during the fourth quarter. Renaissance Technologies LLC now owns 4,330,541 shares of the oil and gas producer’s stock worth $125,542,000 after buying an additional 2,061,057 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in shares of Occidental Petroleum by 27.3% during the fourth quarter. Nuveen Asset Management LLC now owns 2,540,744 shares of the oil and gas producer’s stock worth $73,656,000 after buying an additional 544,414 shares in the last quarter. 86.15% of the stock is owned by institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 185,419 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average price of $57.34 per share, with a total value of $10,631,925.46. Following the transaction, the insider now owns 143,162,392 shares in the company, valued at $8,208,931,557.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 185,419 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were acquired at an average price of $57.34 per share, with a total value of $10,631,925.46. Following the transaction, the insider now owns 143,162,392 shares in the company, valued at $8,208,931,557.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Petroleum Corp /De/ Occidental sold 10,000,000 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $25.25, for a total transaction of $252,500,000.00. Following the transaction, the insider now directly owns 190,281,578 shares in the company, valued at approximately $4,804,609,844.50. The disclosure for this sale can be found here. Insiders have purchased 28,606,136 shares of company stock valued at $1,642,276,766 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Stock Up 2.7 %

Shares of OXY stock traded up $1.55 on Friday, reaching $59.01. 20,987,457 shares of the company were exchanged, compared to its average volume of 20,811,820. The company has a market cap of $55.30 billion, a price-to-earnings ratio of 5.82, a PEG ratio of 0.35 and a beta of 1.88. The company has a 50-day moving average of $61.83 and a 200-day moving average of $55.76. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.07 and a quick ratio of 0.99. Occidental Petroleum Co. has a one year low of $21.62 and a one year high of $74.04.

Occidental Petroleum (NYSE:OXYGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The oil and gas producer reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.14. Occidental Petroleum had a net margin of 32.25% and a return on equity of 60.25%. During the same quarter in the previous year, the firm posted $0.32 EPS. Analysts anticipate that Occidental Petroleum Co. will post 10.56 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Monday, September 12th will be given a dividend of $0.13 per share. The ex-dividend date is Friday, September 9th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.88%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 5.13%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OXY. Truist Financial upped their price target on shares of Occidental Petroleum from $93.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, July 19th. Susquehanna Bancshares upped their price target on shares of Occidental Petroleum from $71.00 to $73.00 in a report on Thursday, May 12th. StockNews.com downgraded Occidental Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley decreased their price objective on Occidental Petroleum from $74.00 to $71.00 and set an “equal weight” rating for the company in a report on Tuesday, July 19th. Finally, The Goldman Sachs Group downgraded Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.58.

Occidental Petroleum Profile

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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, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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