GFG Capital LLC Acquires 14,435 Shares of Occidental Petroleum Corporation (NYSE:OXY)

GFG Capital LLC increased its stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 35.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,687 shares of the oil and gas producer's stock after buying an additional 14,435 shares during the period. Occidental Petroleum accounts for about 0.8% of GFG Capital LLC's portfolio, making the stock its 25th largest position. GFG Capital LLC's holdings in Occidental Petroleum were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Occidental Petroleum in the 4th quarter valued at about $26,000. VSM Wealth Advisory LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. acquired a new position in Occidental Petroleum during the fourth quarter worth $32,000. Grove Bank & Trust increased its position in Occidental Petroleum by 129.2% during the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after purchasing an additional 407 shares during the last quarter. Finally, American National Bank & Trust acquired a new position in Occidental Petroleum in the first quarter valued at approximately $39,000. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Up 1.0%

OXY stock traded up $0.48 during midday trading on Friday, reaching $46.33. The company's stock had a trading volume of 7,596,749 shares, compared to its average volume of 11,855,810. The business's 50-day simple moving average is $42.94 and its 200-day simple moving average is $45.32. The company has a quick ratio of 0.79, a current ratio of 1.01 and a debt-to-equity ratio of 0.90. Occidental Petroleum Corporation has a 52 week low of $34.79 and a 52 week high of $64.76. The stock has a market cap of $45.59 billion, a PE ratio of 18.83 and a beta of 0.84.

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 analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The business had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. As a group, sell-side analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The company 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. 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 2.07%. Occidental Petroleum's dividend payout ratio is 39.02%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Hsbc Global Res raised Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. JPMorgan Chase & Co. lowered their price objective on Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Citigroup boosted their target price on Occidental Petroleum from $42.00 to $44.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Stephens cut their price target on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, 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 report on Wednesday, April 16th. Three 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $53.62.

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.