9,843 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Northstar Financial Companies Inc.

Northstar Financial Companies Inc. acquired a new stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,843 shares of the oil and gas producer's stock, valued at approximately $486,000.

A number of other large investors also recently modified their holdings of OXY. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $32,000. Finally, Atala Financial Inc bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $40,000. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded down $0.69 during mid-day trading on Friday, hitting $40.77. The company had a trading volume of 8,911,908 shares, compared to its average volume of 11,268,465. The company has a market capitalization of $40.12 billion, a price-to-earnings ratio of 16.71 and a beta of 0.81. Occidental Petroleum Co. has a 1 year low of $34.79 and a 1 year high of $64.76. 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's 50-day moving average price is $41.49 and its 200-day moving average price is $46.31.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly 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. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. On average, sell-side analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.35%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's payout ratio is 39.02%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OXY shares. Wells Fargo & Company dropped their target price on Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Mizuho dropped their price target on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Morgan Stanley set a $58.00 price target on Occidental Petroleum and gave the stock an "overweight" rating in a report on Wednesday, March 26th. Stephens dropped their price target on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Finally, Scotiabank lowered Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price target on the stock. in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $53.14.

Occidental Petroleum Company 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.