Diversify Advisory Services LLC Has $834,000 Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Diversify Advisory Services LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXY) by 20.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,253 shares of the oil and gas producer’s stock after selling 4,071 shares during the period. Diversify Advisory Services LLC’s holdings in Occidental Petroleum were worth $834,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Certified Advisory Corp bought a new stake in Occidental Petroleum during the 4th quarter worth about $476,000. Rule One Partners LLC acquired a new position in Occidental Petroleum during the third quarter valued at approximately $14,199,000. Stephens Inc. AR grew its stake in Occidental Petroleum by 221.0% in the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after purchasing an additional 10,382 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $2,509,000. Finally, Cerity Partners LLC boosted its holdings in shares of Occidental Petroleum by 27.7% in the 3rd quarter. Cerity Partners LLC now owns 70,580 shares of the oil and gas producer’s stock valued at $3,638,000 after buying an additional 15,316 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Truist Financial raised their target price on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Bank of America began 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. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Piper Sandler dropped their price target on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $62.19.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the acquisition, the insider now owns 257,758,886 shares of the company’s stock, valued at $11,921,348,477.50. This trade represents a 0.97 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $50.57 on Wednesday. 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 stock has a market capitalization of $47.46 billion, a PE ratio of 13.17 and a beta of 1.57. The firm has a 50 day moving average of $49.72 and a 200-day moving average of $53.32. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s payout ratio is presently 22.92%.

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.