6,136 Shares in Occidental Petroleum Co. (NYSE:OXY) Bought by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC purchased a new position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,136 shares of the oil and gas producer's stock, valued at approximately $303,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. grew its holdings in Occidental Petroleum by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock worth $209,000 after acquiring an additional 216 shares in the last quarter. Deseret Mutual Benefit Administrators grew its holdings in Occidental Petroleum by 27.1% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 248 shares in the last quarter. Park Avenue Securities LLC grew its holdings in Occidental Petroleum by 3.2% during the 4th quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock worth $398,000 after acquiring an additional 250 shares in the last quarter. Horizon Investments LLC grew its holdings in Occidental Petroleum by 2.3% during the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock worth $554,000 after acquiring an additional 257 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Occidental Petroleum by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer's stock worth $2,863,000 after acquiring an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Price Performance

NYSE OXY opened at $41.87 on Wednesday. The stock has a market capitalization of $41.21 billion, a P/E ratio of 17.16 and a beta of 0.81. Occidental Petroleum Co. has a 1 year low of $34.79 and a 1 year high of $64.76. The business's fifty day moving average is $42.54 and its two-hundred day moving average is $46.87. 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 posted its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.97 billion. During the same quarter in the prior year, the company earned $0.63 earnings per share. The firm's revenue was up 13.9% on a year-over-year basis. On average, research analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.29%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's payout ratio is 39.02%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OXY. Barclays lifted their price target on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Piper Sandler dropped their price target on shares of Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. reduced their price target on shares of Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Citigroup upped their price target on shares of Occidental Petroleum from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Stephens reduced their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Three equities research 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's stock. Based on data from MarketBeat, Occidental Petroleum currently has an average rating of "Hold" and a consensus target price of $53.14.

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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