Rule One Partners LLC Has $16.08 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Rule One Partners LLC increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 18.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 325,501 shares of the oil and gas producer’s stock after purchasing an additional 50,000 shares during the period. Occidental Petroleum makes up approximately 6.2% of Rule One Partners LLC’s holdings, making the stock its 4th largest position. Rule One Partners LLC’s holdings in Occidental Petroleum were worth $16,083,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OXY. Oak Harvest Investment Services bought a new stake in Occidental Petroleum in the 4th quarter valued at $265,000. Murphy Pohlad Asset Management LLC lifted its stake in shares of Occidental Petroleum by 88.7% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 21,700 shares of the oil and gas producer’s stock valued at $1,072,000 after buying an additional 10,200 shares during the period. Baader Bank Aktiengesellschaft grew its position in Occidental Petroleum by 20.0% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 12,050 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 2,010 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in Occidental Petroleum by 93.3% during the fourth quarter. Manning & Napier Advisors LLC now owns 93,689 shares of the oil and gas producer’s stock valued at $4,629,000 after acquiring an additional 45,214 shares during the period. Finally, Swedbank AB raised its holdings in Occidental Petroleum by 21.9% in the 4th quarter. Swedbank AB now owns 343,689 shares of the oil and gas producer’s stock valued at $16,982,000 after acquiring an additional 61,635 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on OXY. BMO Capital Markets cut their target price on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Stephens increased their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Finally, Scotiabank decreased their price objective on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $61.71.

Insider Transactions at Occidental Petroleum

In related 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 acquired at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now directly owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is owned by corporate insiders.

Occidental Petroleum Stock Up 0.1 %

NYSE OXY opened at $48.87 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum Co. has a 52 week low of $45.17 and a 52 week high of $71.18. The stock has a market capitalization of $45.86 billion, a P/E ratio of 12.73 and a beta of 1.57. The stock has a fifty day moving average of $49.59 and a 200-day moving average of $52.81.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

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.