Mutual of America Capital Management LLC Sells 4,490 Shares of Occidental Petroleum Co. (NYSE:OXY)

Mutual of America Capital Management LLC lowered its stake in Occidental Petroleum Co. (NYSE:OXY) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 88,669 shares of the oil and gas producer’s stock after selling 4,490 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Occidental Petroleum were worth $5,294,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in Occidental Petroleum by 24.1% in the third quarter. Bank of New York Mellon Corp now owns 12,021,929 shares of the oil and gas producer’s stock valued at $779,983,000 after buying an additional 2,334,651 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Occidental Petroleum by 22.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock valued at $357,977,000 after buying an additional 1,088,052 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Occidental Petroleum by 2.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,035,799 shares of the oil and gas producer’s stock valued at $285,732,000 after purchasing an additional 118,928 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Occidental Petroleum by 2.8% in the third quarter. Invesco Ltd. now owns 4,665,494 shares of the oil and gas producer’s stock valued at $302,697,000 after purchasing an additional 125,927 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $267,173,000. Institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OXY. Barclays began coverage on shares of Occidental Petroleum in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $73.00 price objective on the stock. Truist Financial lifted their price objective on shares of Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, April 5th. Mizuho lifted their price objective on shares of Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday. Wells Fargo & Company lifted their price objective on shares of Occidental Petroleum from $62.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Morgan Stanley boosted their target price on shares of Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Nine research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $72.06.

Occidental Petroleum Trading Down 0.4 %

OXY stock opened at $69.01 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.92 and a quick ratio of 0.69. The company has a fifty day moving average price of $62.47 and a two-hundred day moving average price of $61.03. Occidental Petroleum Co. has a one year low of $55.12 and a one year high of $71.18. The stock has a market cap of $61.18 billion, a price-to-earnings ratio of 17.65 and a beta of 1.64.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The company had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. Occidental Petroleum’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. Equities analysts anticipate that Occidental Petroleum Co. will post 3.84 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 8th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.18. Occidental Petroleum’s payout ratio is presently 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.