H&H International Investment LLC Acquires 249,100 Shares of Occidental Petroleum Corporation $OXY

Key Points

• H&H International Investment LLC increased its stake in Occidental Petroleum by 1.8%, owning a total of 13,826,100 shares, which accounts for 5.7% of its portfolio.
• Several institutional investors have also raised their positions in Occidental Petroleum, demonstrating strong investor interest in the company.
• Occidental Petroleum has a current average price target of $54.65, with ratings ranging from "Buy" to "Sell" from various analysts.

H&H International Investment LLC boosted its position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,826,100 shares of the oil and gas producer's stock after acquiring an additional 249,100 shares during the quarter. Occidental Petroleum accounts for approximately 5.7% of H&H International Investment LLC's investment portfolio, making the stock its 4th biggest holding. H&H International Investment LLC owned approximately 1.40% of Occidental Petroleum worth $682,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OXY. AXA S.A. raised its position in Occidental Petroleum by 309.3% during the fourth quarter. AXA S.A. now owns 141,192 shares of the oil and gas producer's stock worth $6,976,000 after acquiring an additional 106,696 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in shares of Occidental Petroleum during the 4th quarter worth approximately $165,000. Brevan Howard Capital Management LP acquired a new position in shares of Occidental Petroleum during the 4th quarter worth approximately $371,000. Cetera Investment Advisers increased its holdings in shares of Occidental Petroleum by 45.6% during the 4th quarter. Cetera Investment Advisers now owns 258,303 shares of the oil and gas producer's stock worth $12,763,000 after acquiring an additional 80,883 shares during the last quarter. Finally, Caption Management LLC increased its holdings in shares of Occidental Petroleum by 194.3% during the 4th quarter. Caption Management LLC now owns 25,900 shares of the oil and gas producer's stock worth $1,280,000 after acquiring an additional 17,100 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Melius Research assumed coverage on Occidental Petroleum in a report on Wednesday, August 20th. They set a "hold" rating and a $64.00 target price on the stock. Wall Street Zen lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Melius assumed coverage on Occidental Petroleum in a report on Wednesday, August 20th. They set a "hold" rating and a $64.00 target price on the stock. Mizuho decreased their target price on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, UBS Group boosted their target price on Occidental Petroleum from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Four investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Occidental Petroleum has an average rating of "Hold" and a consensus target price of $54.65.

Occidental Petroleum Stock Performance

OXY stock traded down $0.72 during trading hours on Friday, hitting $45.89. 9,835,102 shares of the stock were exchanged, compared to its average volume of 8,049,555. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $45.18 billion, a P/E ratio of 27.16 and a beta of 1.04. The company has a 50-day simple moving average of $44.69 and a two-hundred day simple moving average of $43.97. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $56.49.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $6.41 billion for the quarter, compared to analysts' expectations of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The company's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 EPS. On average, analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, September 10th. Occidental Petroleum's dividend payout ratio is 56.80%.

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.