Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Lifted by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in Occidental Petroleum Co. (NYSE:OXY) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,979 shares of the oil and gas producer’s stock after buying an additional 1,002 shares during the period. New York Life Investment Management LLC’s holdings in Occidental Petroleum were worth $4,495,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at $27,000. Oregon Public Employees Retirement Fund increased its holdings in shares of Occidental Petroleum by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer’s stock valued at $2,863,000 after buying an additional 290 shares in the last quarter. Oakwell Private Wealth Management LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at $401,000. Illinois Municipal Retirement Fund increased its holdings in shares of Occidental Petroleum by 20.1% in the fourth quarter. Illinois Municipal Retirement Fund now owns 181,429 shares of the oil and gas producer’s stock valued at $8,964,000 after buying an additional 30,416 shares in the last quarter. Finally, Weinberger Asset Management Inc increased its holdings in shares of Occidental Petroleum by 7.6% in the fourth quarter. Weinberger Asset Management Inc now owns 4,902 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 348 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling 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 stock was acquired at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought 6,854,394 shares of company stock worth $315,101,532 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Trading Up 0.4 %

Occidental Petroleum stock opened at $48.85 on Friday. The company’s fifty day simple moving average is $49.46 and its 200-day simple moving average is $51.11. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a 12 month low of $45.17 and a 12 month high of $71.18. The stock has a market cap of $45.85 billion, a P/E ratio of 20.02 and a beta of 1.55.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. As a group, sell-side analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group upped their price target on Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a research note on Thursday, January 23rd. Wolfe Research boosted their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Susquehanna cut their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a research note on Thursday, November 14th. Finally, Raymond James boosted their target price on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.55.

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.