Mizuho Securities USA LLC Has $3.16 Million Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Mizuho Securities USA LLC raised its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 46.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,032 shares of the oil and gas producer's stock after acquiring an additional 20,370 shares during the period. Mizuho Securities USA LLC's holdings in Occidental Petroleum were worth $3,164,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of OXY. Sciencast Management LP bought a new stake in Occidental Petroleum in the 4th quarter valued at $1,533,000. Millstone Evans Group LLC acquired a new stake in Occidental Petroleum during the fourth quarter valued at approximately $42,000. Teacher Retirement System of Texas lifted its position in shares of Occidental Petroleum by 740.1% during the 4th quarter. Teacher Retirement System of Texas now owns 37,393 shares of the oil and gas producer's stock worth $1,848,000 after buying an additional 32,942 shares during the period. Generali Investments Management Co LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at $1,266,000. Finally, Vinva Investment Management Ltd grew its position in Occidental Petroleum by 57.9% in the fourth quarter. Vinva Investment Management Ltd now owns 17,635 shares of the oil and gas producer's stock valued at $855,000 after acquiring an additional 6,466 shares during the period. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Stock Up 2.4 %

Occidental Petroleum stock traded up $1.14 during midday trading on Tuesday, reaching $49.06. The stock had a trading volume of 6,333,182 shares, compared to its average volume of 9,989,019. Occidental Petroleum Co. has a 1-year low of $44.70 and a 1-year high of $71.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The firm's fifty day simple moving average is $48.51 and its 200-day simple moving average is $49.93. The stock has a market capitalization of $46.04 billion, a P/E ratio of 20.11 and a beta of 1.51.

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Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $7.14 billion. As a group, analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently declared 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. This represents a $0.96 dividend on an annualized basis and a yield of 1.96%. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stephens restated an "overweight" rating and issued a $71.00 target price on shares of Occidental Petroleum in a research note on Wednesday, February 19th. Piper Sandler decreased their price target on Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, March 6th. JPMorgan Chase & Co. cut their price objective on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Roth Capital set a $54.00 target price on Occidental Petroleum in a report on Thursday, January 23rd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of Occidental Petroleum in a research report on Friday, February 21st. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.