Mutual of America Capital Management LLC Reduces Holdings in Occidental Petroleum Co. (NYSE:OXY)

Mutual of America Capital Management LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXYFree Report) by 10.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 93,159 shares of the oil and gas producer’s stock after selling 10,427 shares during the period. Mutual of America Capital Management LLC’s holdings in Occidental Petroleum were worth $6,044,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in OXY. Ironwood Wealth Management LLC. purchased a new stake in shares of Occidental Petroleum during the 1st quarter valued at $334,000. Cibc World Market Inc. grew its stake in shares of Occidental Petroleum by 47.2% during the 1st quarter. Cibc World Market Inc. now owns 55,697 shares of the oil and gas producer’s stock valued at $3,160,000 after buying an additional 17,859 shares during the period. Prudential PLC purchased a new stake in shares of Occidental Petroleum during the 1st quarter valued at $1,124,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Occidental Petroleum during the 1st quarter valued at $313,000. Finally, Candriam Luxembourg S.C.A. boosted its position in Occidental Petroleum by 12.4% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 54,540 shares of the oil and gas producer’s stock worth $3,094,000 after purchasing an additional 6,018 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OXY has been the subject of a number of research reports. Susquehanna upped their price target on shares of Occidental Petroleum from $72.00 to $78.00 and gave the stock a “positive” rating in a research report on Wednesday, October 18th. Mizuho lowered shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 price objective on the stock. in a report on Wednesday, January 3rd. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Wolfe Research lowered shares of Occidental Petroleum from an “outperform” rating to a “peer perform” rating in a research note on Friday, November 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Occidental Petroleum from $78.00 to $73.00 and set a “neutral” rating for the company in a research report on Friday, December 8th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $70.29.

View Our Latest Stock Analysis on OXY

Occidental Petroleum Stock Down 1.0 %

Shares of NYSE:OXY opened at $57.47 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.70 and a current ratio of 0.92. The company has a market cap of $50.59 billion, a PE ratio of 12.58 and a beta of 1.64. Occidental Petroleum Co. has a 52 week low of $55.12 and a 52 week high of $67.67. The firm has a 50 day simple moving average of $58.18 and a 200 day simple moving average of $61.30.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 8th will be given a $0.22 dividend. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a yield of 1.53%. Occidental Petroleum’s dividend payout ratio is presently 19.26%.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc bought 1,743,124 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was bought at an average price of $60.26 per share, for a total transaction of $105,040,652.24. Following the transaction, the insider now directly owns 243,715,804 shares in the company, valued at $14,686,314,349.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 8,720,708 shares of company stock worth $505,766,000 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Company Profile

(Free Report)

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, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.

Further Reading

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Co. (NYSE:OXYFree Report).

Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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