New York State Common Retirement Fund Has $36.61 Million Holdings in Occidental Petroleum Co. (NYSE:OXY)

New York State Common Retirement Fund grew its holdings in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 740,970 shares of the oil and gas producer's stock after acquiring an additional 13,633 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Occidental Petroleum worth $36,611,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in shares of Occidental Petroleum by 3.3% during the third quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock valued at $710,886,000 after acquiring an additional 444,850 shares in the last quarter. H&H International Investment LLC raised its position in shares of Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer's stock worth $475,389,000 after purchasing an additional 7,680,598 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Occidental Petroleum by 2.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,007,770 shares of the oil and gas producer's stock worth $206,560,000 after buying an additional 98,703 shares in the last quarter. Scharf Investments LLC boosted its stake in Occidental Petroleum by 48.7% during the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer's stock valued at $121,600,000 after purchasing an additional 805,525 shares during the last quarter. Finally, Swiss National Bank increased its holdings in Occidental Petroleum by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,973,614 shares of the oil and gas producer's stock worth $101,720,000 after buying an additional 5,200 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the purchase, the insider now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 6,854,394 shares of company stock valued at $315,101,532. Insiders own 0.31% of the company's stock.

Occidental Petroleum Stock Performance

NYSE OXY traded down $1.68 during trading hours on Friday, hitting $50.42. The company had a trading volume of 13,869,302 shares, compared to its average volume of 10,758,816. 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 company has a market cap of $47.31 billion, a PE ratio of 20.66 and a beta of 1.55. The business has a 50 day moving average of $49.14 and a 200-day moving average of $51.45. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $7.14 billion. As a group, equities research analysts expect that Occidental Petroleum Co. will post 3.56 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 1.90%. Occidental Petroleum's payout ratio is 36.07%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OXY shares. Raymond James increased their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a "strong-buy" rating in a research note on Thursday, November 21st. UBS Group upped their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday. Mizuho reduced their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Piper Sandler dropped their price objective on shares of Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, StockNews.com raised shares of Occidental Petroleum from a "sell" rating to a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $61.90.

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.