Occidental Petroleum Co. (NYSE:OXY) Shares Bought by United Services Automobile Association

United Services Automobile Association raised its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,351 shares of the oil and gas producer’s stock after acquiring an additional 594 shares during the period. United Services Automobile Association’s holdings in Occidental Petroleum were worth $758,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. VSM Wealth Advisory LLC purchased a new stake in Occidental Petroleum in the fourth quarter valued at $27,000. Whipplewood Advisors LLC acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at about $27,000. Atala Financial Inc purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth about $40,000. Millstone Evans Group LLC acquired a new stake in Occidental Petroleum during the fourth quarter worth about $42,000. Finally, M Holdings Securities Inc. acquired a new position in Occidental Petroleum in the fourth quarter valued at approximately $47,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on OXY shares. Truist Financial raised their price objective 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. Stephens reaffirmed an “overweight” rating and issued a $71.00 price objective on shares of Occidental Petroleum in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their target price on Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Mizuho reduced their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Occidental Petroleum in a report on Friday, February 21st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.45.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the acquisition, the insider now directly owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Down 0.1 %

Shares of NYSE OXY opened at $47.91 on Tuesday. The stock has a market cap of $44.97 billion, a PE ratio of 19.64 and a beta of 1.51. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. Occidental Petroleum Co. has a 12-month low of $44.70 and a 12-month high of $71.19. The company has a 50-day moving average of $48.51 and a 200 day moving average of $49.93.

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

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. The ex-dividend date is Monday, March 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.00%. Occidental Petroleum’s dividend payout ratio (DPR) is 39.34%.

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.