Mizuho Securities USA LLC Purchases 20,370 Shares of Occidental Petroleum Co. (NYSE:OXY)

Mizuho Securities USA LLC grew its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 46.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,032 shares of the oil and gas producer’s stock after buying an additional 20,370 shares during the quarter. Mizuho Securities USA LLC’s holdings in Occidental Petroleum were worth $3,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Certified Advisory Corp bought a new stake in Occidental Petroleum during the fourth quarter worth about $476,000. Rule One Partners LLC bought a new stake in Occidental Petroleum during the third quarter worth about $14,199,000. Fisher Asset Management LLC grew its stake in Occidental Petroleum by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer’s stock worth $30,320,000 after buying an additional 6,461 shares during the last quarter. Sarasin & Partners LLP grew its stake in Occidental Petroleum by 5.4% during the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after buying an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Occidental Petroleum during the third quarter worth about $2,509,000. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Trading Up 0.3 %

Shares of NYSE OXY opened at $48.11 on Monday. The company’s fifty day moving average is $48.61 and its 200-day moving average is $49.98. The stock has a market cap of $45.15 billion, a price-to-earnings ratio of 19.72 and a beta of 1.51. Occidental Petroleum Co. has a twelve month low of $44.70 and a twelve month high of $71.19. 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 (NYSE:OXY) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion for 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%. Equities research analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a $0.24 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s payout ratio is currently 39.34%.

Insider Activity at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on OXY shares. Piper Sandler lowered their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Mizuho lowered their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wells Fargo & Company reissued an “equal weight” rating on shares of Occidental Petroleum in a report on Friday, February 21st. Stephens reissued an “overweight” rating and issued a $71.00 price target on shares of Occidental Petroleum in a report on Wednesday, February 19th. Finally, Roth Capital set a $54.00 price target on shares of Occidental Petroleum in a report on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.45.

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.