Natixis Advisors LLC Has $6.11 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Natixis Advisors LLC grew its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,706 shares of the oil and gas producer's stock after purchasing an additional 24,958 shares during the period. Natixis Advisors LLC's holdings in Occidental Petroleum were worth $6,112,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Prospera Financial Services Inc boosted its position in Occidental Petroleum by 22.5% in the third quarter. Prospera Financial Services Inc now owns 9,160 shares of the oil and gas producer's stock valued at $472,000 after buying an additional 1,685 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Occidental Petroleum by 149.8% in the third quarter. Banque Cantonale Vaudoise now owns 11,347 shares of the oil and gas producer's stock valued at $585,000 after acquiring an additional 6,804 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Occidental Petroleum during the 3rd quarter worth approximately $685,000. Segall Bryant & Hamill LLC bought a new stake in Occidental Petroleum during the 3rd quarter worth approximately $7,743,000. Finally, Commerce Bank increased its holdings in Occidental Petroleum by 4.1% during the 3rd quarter. Commerce Bank now owns 30,246 shares of the oil and gas producer's stock valued at $1,559,000 after purchasing an additional 1,181 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

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Occidental Petroleum Stock Down 0.1 %

OXY stock traded down $0.03 during mid-day trading on Monday, hitting $47.91. 10,150,508 shares of the company were exchanged, compared to its average volume of 9,990,277. The firm has a market cap of $44.97 billion, a P/E ratio of 19.64 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 debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The firm's 50 day simple moving average is $48.51 and its 200 day simple moving average is $49.93.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. On average, sell-side analysts predict 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. Stockholders of record on Monday, March 10th will be given a dividend of $0.24 per share. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Monday, March 10th. Occidental Petroleum's dividend payout ratio is currently 39.34%.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction that occurred on 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 completion of the acquisition, the insider now owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on OXY shares. UBS Group raised their target price on Occidental Petroleum from $54.00 to $56.00 and gave the company a "neutral" rating in a research note on Thursday, February 20th. Mizuho lowered their price objective on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Wells Fargo & Company reiterated an "equal weight" rating on shares of Occidental Petroleum in a research report on Friday, February 21st. Raymond James lowered shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $81.00 to $64.00 in a report on Monday, March 10th. Finally, 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 report on Thursday, March 6th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $60.45.

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.