Mitsubishi UFJ Trust & Banking Corp Has $13.70 Million Holdings in Occidental Petroleum Co. (NYSE:OXY)

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277,289 shares of the oil and gas producer's stock after selling 24,045 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Occidental Petroleum were worth $13,701,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Whipplewood Advisors LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter valued at $27,000. Atala Financial Inc bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at about $40,000. Millstone Evans Group LLC acquired a new stake in Occidental Petroleum in the fourth quarter worth about $42,000. Finally, M Holdings Securities Inc. acquired a new position in Occidental Petroleum during the 4th quarter valued at about $47,000. Institutional investors own 88.70% of the company's stock.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum 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 purchased at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the transaction, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company's stock.

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Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OXY shares. Truist Financial increased their price objective on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a report on Monday, January 13th. Mizuho lowered their price target on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and cut their price objective for the company from $81.00 to $64.00 in a report on Monday, March 10th. Piper Sandler lowered their target price on Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, March 6th. Finally, Citigroup cut their price target on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of "Hold" and an average price target of $59.82.

Occidental Petroleum Stock Down 0.3 %

NYSE:OXY traded down $0.14 on Tuesday, hitting $49.22. 5,907,399 shares of the company's stock traded hands, compared to its average volume of 10,230,235. The company has a market cap of $46.25 billion, a PE ratio of 20.17 and a beta of 1.51. Occidental Petroleum Co. has a 1 year low of $44.70 and a 1 year high of $71.19. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The firm has a 50-day moving average price of $48.20 and a 200-day moving average price of $49.85.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. Equities analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.95%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

Occidental Petroleum 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.