ANTIPODES PARTNERS Ltd Sells 733,200 Shares of Occidental Petroleum Corporation (NYSE:OXY)

ANTIPODES PARTNERS Ltd reduced its stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 67.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 353,553 shares of the oil and gas producer's stock after selling 733,200 shares during the period. ANTIPODES PARTNERS Ltd's holdings in Occidental Petroleum were worth $17,453,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Journey Strategic Wealth LLC increased its position in shares of Occidental Petroleum by 8.1% during the first quarter. Journey Strategic Wealth LLC now owns 5,130 shares of the oil and gas producer's stock worth $253,000 after acquiring an additional 385 shares in the last quarter. Carnegie Investment Counsel increased its position in shares of Occidental Petroleum by 2.1% during the first quarter. Carnegie Investment Counsel now owns 56,506 shares of the oil and gas producer's stock worth $2,789,000 after acquiring an additional 1,136 shares in the last quarter. Guardian Wealth Management Inc. boosted its holdings in Occidental Petroleum by 187.9% during the first quarter. Guardian Wealth Management Inc. now owns 53,203 shares of the oil and gas producer's stock worth $2,626,000 after purchasing an additional 34,725 shares during the last quarter. Triumph Capital Management boosted its holdings in Occidental Petroleum by 11.8% during the first quarter. Triumph Capital Management now owns 9,175 shares of the oil and gas producer's stock worth $453,000 after purchasing an additional 970 shares during the last quarter. Finally, Oak Thistle LLC purchased a new position in Occidental Petroleum during the first quarter worth about $742,000. 88.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on OXY. JPMorgan Chase & Co. boosted their price target on shares of Occidental Petroleum from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Hsbc Global Res upgraded shares of Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. Piper Sandler boosted their target price on shares of Occidental Petroleum from $48.00 to $50.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Stephens dropped their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Susquehanna dropped their target price on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of "Hold" and an average price target of $53.71.

Occidental Petroleum Price Performance

Shares of NYSE:OXY traded up $0.08 during trading on Friday, reaching $44.71. The company had a trading volume of 5,626,932 shares, compared to its average volume of 10,707,318. The company has a fifty day moving average of $43.43 and a two-hundred day moving average of $44.92. The stock has a market capitalization of $44.00 billion, a P/E ratio of 18.18 and a beta of 0.84. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $61.35. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its 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. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter last year, the firm earned $0.63 EPS. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend was Tuesday, June 10th. Occidental Petroleum's dividend payout ratio is currently 39.02%.

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.