Occidental Petroleum Corporation (NYSE:OXY) Shares Purchased by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. grew its stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 112,801 shares of the oil and gas producer's stock after buying an additional 6,494 shares during the quarter. Occidental Petroleum accounts for about 0.9% of Mraz Amerine & Associates Inc.'s portfolio, making the stock its 20th largest holding. Mraz Amerine & Associates Inc.'s holdings in Occidental Petroleum were worth $5,508,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $26,000. VSM Wealth Advisory LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $32,000. Grove Bank & Trust boosted its stake in shares of Occidental Petroleum by 129.2% in the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after acquiring an additional 407 shares during the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Occidental Petroleum during the first quarter worth approximately $39,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Trading Down 0.4%

NYSE:OXY traded down $0.18 on Wednesday, reaching $45.57. 8,681,696 shares of the company's stock were exchanged, compared to its average volume of 11,863,128. The business has a fifty day moving average of $42.71 and a 200-day moving average of $45.33. The company has a quick ratio of 0.79, a current ratio of 1.01 and a debt-to-equity ratio of 0.90. Occidental Petroleum Corporation has a 52-week low of $34.79 and a 52-week high of $64.76. The firm has a market capitalization of $44.85 billion, a price-to-earnings ratio of 18.52 and a beta of 0.84.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. During the same quarter last year, the company posted $0.63 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. As a group, analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.11%. Occidental Petroleum's dividend payout ratio (DPR) is 39.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, May 8th. Scotiabank downgraded shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price objective for the company. in a report on Friday, April 11th. Mizuho lowered their target price on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Piper Sandler cut their price target on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Hsbc Global Res upgraded Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.38.

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.