8,821 Shares in Occidental Petroleum Corporation (NYSE:OXY) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise acquired 8,821 shares of Occidental Petroleum, totaling an investment of approximately $435,000.
• Analysts have varied opinions on Occidental Petroleum's stock, with price targets ranging from $38.00 to $53.71, indicating a consensus rating of "Hold".
• Occidental Petroleum announced a quarterly dividend of $0.24 per share, with a scheduled payout date of October 15th and a dividend yield of 2.2%.

Banque Cantonale Vaudoise acquired a new stake in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,821 shares of the oil and gas producer's stock, valued at approximately $435,000.

Other large investors have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in Occidental Petroleum during the 4th quarter valued at $26,000. Bernard Wealth Management Corp. bought a new position in Occidental Petroleum during the 4th quarter valued at $32,000. Grove Bank & Trust lifted its stake in Occidental Petroleum by 129.2% during 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 in the last quarter. American National Bank & Trust bought a new stake in shares of Occidental Petroleum during the 1st quarter worth $39,000. Finally, Quarry LP raised its stake in shares of Occidental Petroleum by 615.2% during the 4th quarter. Quarry LP now owns 987 shares of the oil and gas producer's stock worth $49,000 after purchasing an additional 849 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Price Performance

OXY stock traded down $0.56 during mid-day trading on Friday, reaching $43.38. 14,403,389 shares of the company traded hands, compared to its average volume of 10,793,621. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.01 and a quick ratio of 0.79. The company has a market capitalization of $42.69 billion, a P/E ratio of 17.63 and a beta of 0.91. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $59.31. The company has a fifty day moving average price of $43.73 and a 200-day moving average price of $44.56.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Occidental Petroleum's revenue was up 13.9% on a year-over-year basis. As a group, analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Occidental Petroleum's payout ratio is presently 39.02%.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of recent analyst reports. TD Cowen cut Occidental Petroleum from a "buy" rating to a "hold" rating and lowered their target price for the stock from $68.00 to $45.00 in a research note on Tuesday, April 8th. Piper Sandler lifted their target price on Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Citigroup lifted their target price on Occidental Petroleum from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. lifted their target price on Occidental Petroleum from $47.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Scotiabank lifted their target price on Occidental Petroleum from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $53.71.

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.