Natixis Advisors LLC Has $6.11 Million Holdings in Occidental Petroleum Co. (NYSE:OXY)

Natixis Advisors LLC grew its holdings in Occidental Petroleum Co. (NYSE:OXY) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,706 shares of the oil and gas producer’s stock after purchasing an additional 24,958 shares during the period. Natixis Advisors LLC’s holdings in Occidental Petroleum were worth $6,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. Atala Financial Inc acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $40,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $50,000. Deseret Mutual Benefit Administrators raised its holdings in shares of Occidental Petroleum by 27.1% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer’s stock valued at $58,000 after purchasing an additional 248 shares during the last quarter. Finally, New Wave Wealth Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $59,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum Trading Up 0.3 %

Shares of Occidental Petroleum stock opened at $48.11 on Friday. The firm has a 50-day moving average of $48.61 and a 200-day moving average of $50.04. The stock has a market cap of $45.15 billion, a PE ratio of 19.72 and a beta of 1.51. Occidental Petroleum Co. has a 52-week low of $44.70 and a 52-week high of $71.19. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. As a group, sell-side analysts forecast 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. Investors of record on Monday, March 10th will be given a dividend of $0.24 per share. This is a boost 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 yield of 2.00%. Occidental Petroleum’s dividend payout ratio is currently 39.34%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on OXY shares. Raymond James downgraded shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $81.00 to $64.00 in a report on Monday, March 10th. Stephens restated an “overweight” rating and set a $71.00 target price on shares of Occidental Petroleum in a report on Wednesday, February 19th. Citigroup lowered their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Roth Capital set a $54.00 target price on shares of Occidental Petroleum in a report on Thursday, January 23rd. Finally, Wells Fargo & Company restated an “equal weight” rating on shares of Occidental Petroleum in a report on Friday, February 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus target price of $60.45.

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.