Occidental Petroleum Co. (NYSE:OXY) Stake Boosted by GTS Securities LLC

GTS Securities LLC lifted its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 395.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,775 shares of the oil and gas producer's stock after acquiring an additional 20,576 shares during the period. GTS Securities LLC's holdings in Occidental Petroleum were worth $1,274,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vise Technologies Inc. boosted its position in Occidental Petroleum by 129.6% during the 4th quarter. Vise Technologies Inc. now owns 16,191 shares of the oil and gas producer's stock worth $800,000 after purchasing an additional 9,140 shares during the period. Headinvest LLC lifted its stake in shares of Occidental Petroleum by 92.5% during the fourth quarter. Headinvest LLC now owns 8,466 shares of the oil and gas producer's stock worth $418,000 after purchasing an additional 4,067 shares in the last quarter. Inspire Trust Co. N.A. lifted its stake in shares of Occidental Petroleum by 30.7% during the fourth quarter. Inspire Trust Co. N.A. now owns 75,000 shares of the oil and gas producer's stock worth $3,706,000 after purchasing an additional 17,635 shares in the last quarter. PharVision Advisers LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter worth about $207,000. Finally, Royal Capital Wealth Management LLC acquired a new position in shares of Occidental Petroleum during the fourth quarter worth about $364,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Wall Street Analyst Weigh In

OXY has been the topic of a number of recent research reports. UBS Group reduced their price objective on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Raymond James cut Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Piper Sandler reduced their price objective on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Mizuho cut their price target on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Finally, The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and cut their price target for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $53.14.

Occidental Petroleum Stock Down 1.1%

Occidental Petroleum stock traded down $0.47 during midday trading on Wednesday, hitting $41.15. The stock had a trading volume of 6,703,935 shares, compared to its average volume of 11,237,861. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a market cap of $40.50 billion, a P/E ratio of 16.86 and a beta of 0.81. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $64.76. The business has a fifty day moving average price of $41.92 and a 200 day moving average price of $46.54.

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 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.13. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Occidental Petroleum's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.63 earnings per share. Research analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently announced 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. This represents a $0.96 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 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.