S.A. Mason LLC Has $165,000 Stock Position in Occidental Petroleum Co. (NYSE:OXY)

S.A. Mason LLC increased its stake in Occidental Petroleum Co. (NYSE:OXY) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,771 shares of the oil and gas producer’s stock after purchasing an additional 400 shares during the period. S.A. Mason LLC’s holdings in Occidental Petroleum were worth $165,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Occidental Petroleum during the 3rd quarter worth $26,000. Orion Capital Management LLC acquired a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $27,000. TLW Wealth Management LLC bought a new position in Occidental Petroleum in the fourth quarter valued at about $28,000. Resurgent Financial Advisors LLC bought a new stake in shares of Occidental Petroleum during the fourth quarter worth about $35,000. Finally, BKM Wealth Management LLC bought a new position in Occidental Petroleum in the 4th quarter valued at approximately $35,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Trading Up 1.4 %

Shares of Occidental Petroleum stock opened at $64.21 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. The stock has a fifty day simple moving average of $59.84 and a 200 day simple moving average of $60.79. Occidental Petroleum Co. has a 12-month low of $55.12 and a 12-month high of $67.67. The company has a market capitalization of $56.92 billion, a P/E ratio of 16.42 and a beta of 1.63.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The company had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share. On average, sell-side analysts anticipate that Occidental Petroleum Co. will post 3.56 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 8th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Thursday, March 7th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.18. Occidental Petroleum’s dividend payout ratio is 22.51%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Morgan Stanley upgraded shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and set a $68.00 price target for the company in a research report on Monday, December 11th. JPMorgan Chase & Co. reduced their price target on Occidental Petroleum from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, December 8th. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Stephens reissued an “overweight” rating and set a $74.00 target price on shares of Occidental Petroleum in a research report on Thursday, February 15th. Finally, Raymond James reduced their price objective on shares of Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Eight equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.94.

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.