14,930 Shares in Occidental Petroleum Corporation (NYSE:OXY) Acquired by NTV Asset Management LLC

NTV Asset Management LLC bought a new position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,930 shares of the oil and gas producer's stock, valued at approximately $737,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Horizon Investments LLC lifted its position in Occidental Petroleum by 2.3% in the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock worth $554,000 after buying an additional 257 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Occidental Petroleum by 20.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer's stock worth $81,000 after acquiring an additional 274 shares during the last quarter. World Investment Advisors lifted its position in Occidental Petroleum by 6.6% during the 1st quarter. World Investment Advisors now owns 4,912 shares of the oil and gas producer's stock worth $242,000 after acquiring an additional 306 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in Occidental Petroleum by 1.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 32,736 shares of the oil and gas producer's stock worth $1,616,000 after acquiring an additional 309 shares during the last quarter. Finally, Seaview Investment Managers LLC lifted its position in Occidental Petroleum by 6.8% during the 4th quarter. Seaview Investment Managers LLC now owns 4,891 shares of the oil and gas producer's stock worth $242,000 after acquiring an additional 310 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OXY has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Morgan Stanley set a $58.00 target price on shares of Occidental Petroleum and gave the company an "overweight" rating in a research report on Wednesday, March 26th. TD Cowen downgraded shares of Occidental Petroleum from a "buy" rating to a "hold" rating and cut their price target for the company from $68.00 to $45.00 in a report on Tuesday, April 8th. Scotiabank downgraded shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price target for the company. in a report on Friday, April 11th. Finally, Stephens cut their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $53.38.

Occidental Petroleum Stock Up 5.5%

Shares of Occidental Petroleum stock traded up $2.37 on Tuesday, hitting $45.72. The company had a trading volume of 15,716,219 shares, compared to its average volume of 11,828,299. The firm has a market capitalization of $44.99 billion, a P/E ratio of 18.59 and a beta of 0.84. Occidental Petroleum Corporation has a twelve month low of $34.79 and a twelve month high of $64.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.01 and a quick ratio of 0.79. The stock has a 50-day moving average of $42.60 and a 200-day moving average of $45.33.

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 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be paid a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.10%. 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.