Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,399 shares of the oil and gas producer’s stock after purchasing an additional 469 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Occidental Petroleum were worth $1,039,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of Occidental Petroleum by 24.1% during the third quarter. Bank of New York Mellon Corp now owns 12,021,929 shares of the oil and gas producer’s stock worth $779,983,000 after purchasing an additional 2,334,651 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Occidental Petroleum by 22.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock worth $357,977,000 after purchasing an additional 1,088,052 shares during the last quarter. Invesco Ltd. raised its stake in shares of Occidental Petroleum by 2.8% during the third quarter. Invesco Ltd. now owns 4,665,494 shares of the oil and gas producer’s stock worth $302,697,000 after purchasing an additional 125,927 shares during the last quarter. ANTIPODES PARTNERS Ltd raised its position in Occidental Petroleum by 51.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock worth $139,749,000 after acquiring an additional 797,894 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Occidental Petroleum by 600.4% in the third quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock worth $145,520,000 after acquiring an additional 1,922,656 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OXY shares. Stephens reiterated an “overweight” rating and issued a $74.00 price objective on shares of Occidental Petroleum in a research report on Thursday, February 15th. Truist Financial increased their price objective on Occidental Petroleum from $77.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Morgan Stanley increased their price objective on Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Mizuho upped their target price on Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Susquehanna upped their target price on Occidental Petroleum from $70.00 to $81.00 and gave the company a “positive” rating in a report on Monday. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $71.94.

Occidental Petroleum Trading Down 0.8 %

NYSE:OXY traded down $0.51 during mid-day trading on Friday, reaching $67.37. The company’s stock had a trading volume of 1,521,355 shares, compared to its average volume of 8,555,192. The company’s fifty day simple moving average is $64.12 and its two-hundred day simple moving average is $61.34. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.92 and a quick ratio of 0.69. Occidental Petroleum Co. has a twelve month low of $55.12 and a twelve month high of $71.18. The stock has a market cap of $59.72 billion, a P/E ratio of 17.36 and a beta of 1.64.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. On average, equities analysts predict that Occidental Petroleum Co. will post 3.85 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.31%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 7th. Occidental Petroleum’s dividend payout ratio (DPR) is 22.51%.

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.