Guardian Wealth Management Inc. Raises Position in Occidental Petroleum Corporation (NYSE:OXY)

Guardian Wealth Management Inc. boosted its stake in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 187.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,203 shares of the oil and gas producer's stock after purchasing an additional 34,725 shares during the quarter. Occidental Petroleum accounts for approximately 1.8% of Guardian Wealth Management Inc.'s holdings, making the stock its 22nd biggest position. Guardian Wealth Management Inc.'s holdings in Occidental Petroleum were worth $2,626,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OXY. Altshuler Shaham Ltd acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $26,000. Bernard Wealth Management Corp. bought a new position in Occidental Petroleum during the fourth quarter worth $32,000. Grove Bank & Trust lifted its holdings in shares of 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 buying an additional 407 shares in the last quarter. American National Bank & Trust acquired a new position in Occidental Petroleum in the first quarter valued at about $39,000. Finally, Quarry LP raised its stake in Occidental Petroleum by 615.2% in the fourth quarter. Quarry LP now owns 987 shares of the oil and gas producer's stock valued at $49,000 after purchasing an additional 849 shares in the last quarter. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Stock Performance

Shares of OXY traded up $0.08 during mid-day trading on Friday, reaching $44.71. The company had a trading volume of 5,626,932 shares, compared to its average volume of 10,707,318. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $61.35. The company has a quick ratio of 0.79, a current ratio of 1.01 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $44.00 billion, a P/E ratio of 18.18 and a beta of 0.84. The stock has a 50 day moving average of $43.43 and a two-hundred day moving average of $44.92.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its earnings results 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. 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 for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter last year, the business posted $0.63 earnings per share. The business's quarterly revenue was up 13.9% compared to the same quarter last year. On average, analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.15%. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.02%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on OXY shares. Piper Sandler boosted their price target on Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. increased their price target on Occidental Petroleum from $47.00 to $48.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Wells Fargo & Company cut their price target on Occidental Petroleum from $47.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Barclays upped their target price on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, TD Cowen lowered Occidental Petroleum from a "buy" rating to a "hold" rating and decreased their target price for the company from $68.00 to $45.00 in a research report on Tuesday, April 8th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $53.71.

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.