swisspartners Advisors Ltd Makes New $6.01 Million Investment in Occidental Petroleum Corporation (NYSE:OXY)

swisspartners Advisors Ltd acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 121,680 shares of the oil and gas producer's stock, valued at approximately $6,006,000. Occidental Petroleum accounts for approximately 5.6% of swisspartners Advisors Ltd's investment portfolio, making the stock its 11th largest holding.

Several other institutional investors also recently bought and sold shares of the business. MFG Wealth Management Inc. purchased a new position in shares of Occidental Petroleum in the first quarter valued at approximately $1,404,000. Balefire LLC lifted its position in shares of Occidental Petroleum by 5.3% in the first quarter. Balefire LLC now owns 6,138 shares of the oil and gas producer's stock valued at $303,000 after acquiring an additional 311 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Occidental Petroleum by 11.5% in the first quarter. HBK Sorce Advisory LLC now owns 10,880 shares of the oil and gas producer's stock valued at $537,000 after acquiring an additional 1,119 shares in the last quarter. S.A. Mason LLC lifted its position in shares of Occidental Petroleum by 6.8% in the first quarter. S.A. Mason LLC now owns 5,011 shares of the oil and gas producer's stock valued at $247,000 after acquiring an additional 320 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Occidental Petroleum in the first quarter valued at approximately $289,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Trading Down 1.3%

Shares of Occidental Petroleum stock traded down $0.57 during trading hours on Monday, hitting $42.03. The company's stock had a trading volume of 9,591,617 shares, compared to its average volume of 11,750,784. Occidental Petroleum Corporation has a twelve month low of $34.79 and a twelve month high of $64.76. The firm has a fifty day moving average of $42.27 and a 200-day moving average of $45.43. The stock has a market cap of $41.36 billion, a price-to-earnings ratio of 17.09 and a beta of 0.87. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 1.01.

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 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The company's quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.63 EPS. Research analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be issued a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. Occidental Petroleum's dividend payout ratio is presently 39.02%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Citigroup raised their target price on Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Wells Fargo & Company raised their target price on Occidental Petroleum from $42.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday. Mizuho decreased their target price on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Finally, Raymond James Financial lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target 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.