Nissay Asset Management Corp Japan ADV Has $4.96 Million Stake in Occidental Petroleum Co. (NYSE:OXY)

Nissay Asset Management Corp Japan ADV lowered its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 20.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,073 shares of the oil and gas producer's stock after selling 25,684 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Occidental Petroleum were worth $4,957,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Berkshire Hathaway Inc increased its stake in shares of Occidental Petroleum by 3.5% in the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock valued at $13,053,055,000 after buying an additional 8,896,890 shares during the period. Vanguard Group Inc. increased its stake in shares of Occidental Petroleum by 18.1% in the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock valued at $3,365,992,000 after buying an additional 10,434,098 shares during the period. Geode Capital Management LLC raised its holdings in Occidental Petroleum by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock worth $701,816,000 after purchasing an additional 398,467 shares during the last quarter. Northern Trust Corp increased its position in shares of Occidental Petroleum by 7.5% during the fourth quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer's stock worth $349,085,000 after buying an additional 491,797 shares during the period. Finally, Invesco Ltd. raised its stake in Occidental Petroleum by 25.2% during the fourth quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock worth $314,133,000 after buying an additional 1,278,389 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Stock Performance

Shares of OXY opened at $43.37 on Friday. The firm has a market capitalization of $42.68 billion, a P/E ratio of 17.77 and a beta of 0.81. Occidental Petroleum Co. has a 52 week low of $34.79 and a 52 week high of $64.76. The stock has a 50 day moving average price of $42.75 and a two-hundred day moving average price of $47.05. 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 - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the company posted $0.63 earnings per share. Occidental Petroleum's revenue was up 13.9% compared to the same quarter last year. Equities analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

OXY has been the topic of a number of research analyst reports. Susquehanna cut their price target on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. TD Cowen lowered Occidental Petroleum from a "buy" rating to a "hold" rating and cut their target price for the company from $68.00 to $45.00 in a research report on Tuesday, April 8th. Citigroup lowered their target price on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, March 17th. UBS Group cut their price target on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Stephens reduced their price objective on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $53.48.

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.

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