New Mexico Educational Retirement Board Has $5.42 Million Stake in Occidental Petroleum Co. (OXY)

New Mexico Educational Retirement Board raised its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.4% during the 4th quarter, Holdings Channel reports. The fund owned 73,513 shares of the oil and gas producer’s stock after acquiring an additional 2,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Occidental Petroleum were worth $5,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Goodman Financial Corp purchased a new position in shares of Occidental Petroleum during the 4th quarter worth $116,000. Fis Group Inc. purchased a new position in shares of Occidental Petroleum during the 3rd quarter worth $126,000. Enterprise Financial Services Corp boosted its stake in shares of Occidental Petroleum by 68.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after acquiring an additional 806 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new position in shares of Occidental Petroleum during the 2nd quarter worth $147,000. Finally, Atlantic Trust LLC boosted its stake in shares of Occidental Petroleum by 23.8% during the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock worth $154,000 after acquiring an additional 535 shares during the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.

Shares of Occidental Petroleum Co. (OXY) opened at $69.87 on Tuesday. The company has a market cap of $52,174.43, a price-to-earnings ratio of 99.81, a PEG ratio of 4.37 and a beta of 0.53. Occidental Petroleum Co. has a 52-week low of $57.20 and a 52-week high of $78.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.41%. Occidental Petroleum’s dividend payout ratio is currently 440.00%.

Several brokerages have recently weighed in on OXY. Mizuho set a $71.00 price target on shares of Occidental Petroleum and gave the stock a “hold” rating in a research note on Friday, November 24th. Scotiabank restated a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Barclays raised their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Citigroup upgraded shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price objective on the stock in a research report on Monday, January 22nd. Finally, Credit Suisse Group began coverage on shares of Occidental Petroleum in a research report on Monday, December 11th. They set a “neutral” rating and a $62.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Occidental Petroleum currently has an average rating of “Hold” and an average price target of $70.07.

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Occidental Petroleum Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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