iSAM Funds UK Ltd Takes Position in Occidental Petroleum Co. (NYSE:OXY)

iSAM Funds UK Ltd purchased a new stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,394 shares of the oil and gas producer's stock, valued at approximately $1,205,000. Occidental Petroleum makes up about 0.9% of iSAM Funds UK Ltd's investment portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum in the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Occidental Petroleum in the 4th quarter worth approximately $27,000. Atala Financial Inc bought a new position in shares of Occidental Petroleum during the 4th quarter valued at approximately $40,000. Finally, Millstone Evans Group LLC purchased a new stake in Occidental Petroleum during the 4th quarter valued at $42,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Down 1.7%

OXY stock opened at $42.32 on Tuesday. The stock has a market capitalization of $41.65 billion, a PE ratio of 17.34 and a beta of 0.81. Occidental Petroleum Co. has a 52 week low of $34.79 and a 52 week high of $64.76. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average of $42.61 and a 200 day moving average of $46.90.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its earnings results 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 16.33% and a net margin of 11.37%. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. The company's revenue was up 13.9% compared to the same quarter last year. Sell-side analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 2.27%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio (DPR) is 39.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OXY shares. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the stock an "overweight" rating in a research note on Wednesday, March 26th. Wells Fargo & Company decreased their price target on Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Raymond James cut Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Hsbc Global Res upgraded Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $53.14.

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.

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