Blackhawk Capital Partners LLC. Purchases New Stake in Occidental Petroleum Corporation (NYSE:OXY)

Blackhawk Capital Partners LLC. purchased a new stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,973 shares of the oil and gas producer's stock, valued at approximately $344,000.

Several other institutional investors have also recently bought and sold shares of OXY. Vanguard Group Inc. raised its stake in Occidental Petroleum by 18.1% during the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock worth $3,365,992,000 after acquiring an additional 10,434,098 shares in the last quarter. Berkshire Hathaway Inc raised its stake in Occidental Petroleum by 3.5% during the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock worth $13,053,055,000 after acquiring an additional 8,896,890 shares in the last quarter. Worldquant Millennium Advisors LLC raised its stake in Occidental Petroleum by 1,075.3% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,930,776 shares of the oil and gas producer's stock worth $95,400,000 after acquiring an additional 1,766,491 shares in the last quarter. Marshall Wace LLP raised its stake in Occidental Petroleum by 48.1% during the fourth quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock worth $203,459,000 after acquiring an additional 1,337,728 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Occidental Petroleum by 25.2% in the fourth quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock valued at $314,133,000 after buying an additional 1,278,389 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Trading Down 0.4%

Shares of OXY stock traded down $0.18 during trading hours on Wednesday, hitting $45.57. 8,681,696 shares of the company were exchanged, compared to its average volume of 11,863,128. The firm has a market cap of $44.85 billion, a P/E ratio of 18.52 and a beta of 0.84. Occidental Petroleum Corporation has a fifty-two week low of $34.79 and a fifty-two week high of $64.76. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 1.01. The company has a 50 day simple moving average of $42.71 and a two-hundred day simple moving average of $45.33.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced 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 net margin of 11.20% and a return on equity of 16.60%. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter last year, the firm posted $0.63 EPS. The company's quarterly revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.11%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's payout ratio is currently 39.02%.

Analyst Ratings Changes

OXY has been the subject of a number of research reports. Scotiabank lowered shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price objective for the company. in a report on Friday, April 11th. Susquehanna dropped their price objective on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Hsbc Global Res upgraded shares of Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Citigroup raised their price objective on shares of Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Monday, May 19th. Finally, Barclays raised their price objective 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. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $53.38.

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.