15,041 Shares in Occidental Petroleum Corporation (NYSE:OXY) Acquired by Oak Thistle LLC

Oak Thistle LLC bought a new position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,041 shares of the oil and gas producer's stock, valued at approximately $742,000.

Several other large investors also recently bought and sold shares of OXY. Altshuler Shaham Ltd acquired a new position in Occidental Petroleum in the fourth quarter valued at $26,000. Bernard Wealth Management Corp. purchased a new position in shares of Occidental Petroleum during the fourth quarter worth about $32,000. Grove Bank & Trust increased its position in Occidental Petroleum by 129.2% in the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock valued at $36,000 after acquiring an additional 407 shares during the period. American National Bank & Trust purchased a new stake in Occidental Petroleum during the 1st quarter valued at approximately $39,000. Finally, Quarry LP grew its stake in shares of Occidental Petroleum by 615.2% in the 4th quarter. Quarry LP now owns 987 shares of the oil and gas producer's stock valued at $49,000 after purchasing an additional 849 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded up $0.08 during trading hours on Friday, hitting $44.71. 5,626,932 shares of the company's stock were exchanged, compared to its average volume of 10,707,318. The stock has a market capitalization of $44.00 billion, a price-to-earnings ratio of 18.18 and a beta of 0.84. The company's 50-day moving average price is $43.43 and its 200-day moving average price is $44.92. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.01 and a quick ratio of 0.79. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $61.35.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $6.80 billion during 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%. Occidental Petroleum's revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. On average, sell-side analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.15%. The ex-dividend date was Tuesday, June 10th. Occidental Petroleum's payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OXY shares. Wells Fargo & Company lowered their target price on shares of Occidental Petroleum from $47.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. UBS Group cut their target price on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Hsbc Global Res raised Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Barclays upped their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Finally, Piper Sandler boosted their target price on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $53.71.

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.