Blackhawk Capital Partners LLC. Takes $344,000 Position in Occidental Petroleum Corporation (NYSE:OXY)

Blackhawk Capital Partners LLC. bought a new position in Occidental Petroleum Corporation (NYSE:OXY - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,973 shares of the oil and gas producer's stock, valued at approximately $344,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $26,000. VSM Wealth Advisory LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $32,000. Grove Bank & Trust boosted its holdings in shares of Occidental Petroleum by 129.2% in the first 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. Finally, American National Bank & Trust acquired a new stake in Occidental Petroleum during the first quarter valued at approximately $39,000. Institutional investors own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on OXY. Mizuho cut their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Piper Sandler cut their target price on shares of Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Barclays increased their target price on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. UBS Group cut their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Finally, 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 report on Friday, May 9th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Occidental Petroleum presently has a consensus rating of "Hold" and a consensus target price of $53.38.

Occidental Petroleum Stock Up 0.6%

OXY stock traded up $0.30 during midday trading on Thursday, reaching $45.87. The company had a trading volume of 7,219,962 shares, compared to its average volume of 11,846,097. Occidental Petroleum Corporation has a 1 year low of $34.79 and a 1 year high of $64.76. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $45.14 billion, a P/E ratio of 18.64 and a beta of 0.84. The company has a 50 day moving average of $42.83 and a two-hundred day moving average of $45.33.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. Occidental Petroleum's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. On average, equities research analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.09%. Occidental Petroleum's dividend payout ratio is currently 39.02%.

Occidental Petroleum 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.