Stapp Wealth Management Pllc Purchases 3,393 Shares of Occidental Petroleum Co. (NYSE:OXY)

Stapp Wealth Management Pllc raised its position in Occidental Petroleum Co. (NYSE:OXY) by 15.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,299 shares of the oil and gas producer’s stock after purchasing an additional 3,393 shares during the period. Occidental Petroleum accounts for 1.9% of Stapp Wealth Management Pllc’s investment portfolio, making the stock its 12th biggest position. Stapp Wealth Management Pllc’s holdings in Occidental Petroleum were worth $1,250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC lifted its position in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $32,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth $50,000. Westside Investment Management Inc. increased its stake in Occidental Petroleum by 224.0% in the fourth quarter. Westside Investment Management Inc. now owns 1,555 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 1,075 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in Occidental Petroleum during the third quarter valued at about $87,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OXY shares. Jefferies Financial Group raised their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Truist Financial lifted their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Scotiabank reduced their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Susquehanna lowered their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research note on Thursday, November 14th. Finally, BMO Capital Markets reduced their price objective on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.19.

Occidental Petroleum Price Performance

OXY opened at $49.55 on Tuesday. Occidental Petroleum Co. has a 12-month low of $45.17 and a 12-month high of $71.18. The company has a market cap of $46.50 billion, a price-to-earnings ratio of 12.90 and a beta of 1.57. 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 fifty day simple moving average of $49.69 and a two-hundred day simple moving average of $53.01.

Occidental Petroleum Dividend Announcement

The business 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. The ex-dividend date was Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.78%. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 2,477,362 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average cost of $46.25 per share, for a total transaction of $114,577,992.50. Following the acquisition, the insider now directly owns 257,758,886 shares in the company, valued at approximately $11,921,348,477.50. The trade was a 0.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

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.