M Holdings Securities Inc. Acquires New Position in Occidental Petroleum Co. (NYSE:OXY)

M Holdings Securities Inc. bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 943 shares of the oil and gas producer’s stock, valued at approximately $47,000.

Several other large investors have also recently modified their holdings of the business. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in shares of Occidental Petroleum in the fourth quarter worth $27,000. Atala Financial Inc purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at $40,000. Millstone Evans Group LLC bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at $42,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Occidental Petroleum during the 3rd quarter worth about $50,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.3 %

OXY opened at $48.11 on Friday. Occidental Petroleum Co. has a one year low of $44.70 and a one year high of $71.19. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The business has a 50 day simple moving average of $48.61 and a two-hundred day simple moving average of $50.01. The firm has a market capitalization of $45.15 billion, a price-to-earnings ratio of 19.72 and a beta of 1.51.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data 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 net margin of 11.37% and a return on equity of 16.33%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.00%. Occidental Petroleum’s dividend payout ratio is 39.34%.

Wall Street Analysts Forecast Growth

OXY has been the topic of several analyst reports. The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the company from $54.00 to $45.00 in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their target price on shares of Occidental Petroleum from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Mizuho reduced their price target 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. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Finally, Truist Financial upped their target price on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $60.45.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was 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 trade represents a 0.29 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

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.