Czech National Bank Boosts Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Czech National Bank boosted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 155,176 shares of the oil and gas producer's stock after buying an additional 8,691 shares during the quarter. Czech National Bank's holdings in Occidental Petroleum were worth $7,659,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Howard Capital Management Inc. grew its position in Occidental Petroleum by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock valued at $209,000 after buying an additional 216 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Occidental Petroleum by 27.1% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 248 shares during the last quarter. Horizon Investments LLC increased its position in Occidental Petroleum by 2.3% in the fourth quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock worth $554,000 after purchasing an additional 257 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Occidental Petroleum by 20.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer's stock valued at $81,000 after purchasing an additional 274 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Occidental Petroleum by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer's stock valued at $2,863,000 after purchasing an additional 290 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock traded up $0.96 during midday trading on Friday, hitting $42.78. The company had a trading volume of 2,149,348 shares, compared to its average volume of 11,266,030. The stock has a market cap of $42.10 billion, a price-to-earnings ratio of 17.53 and a beta of 0.81. 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 company has a fifty day simple moving average of $40.89 and a 200 day simple moving average of $46.13. Occidental Petroleum Co. has a 12-month low of $34.79 and a 12-month high of $64.76.

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, beating the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period last year, the firm posted $0.63 EPS. Occidental Petroleum's revenue was up 13.9% on a year-over-year basis. As a group, analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's payout ratio is 39.02%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Scotiabank cut shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price objective on the stock. in a research report on Friday, April 11th. Wall Street Zen cut shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Susquehanna cut their price target on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a report on Tuesday, April 22nd. UBS Group dropped their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, TD Cowen cut shares of Occidental Petroleum from a "buy" rating to a "hold" rating and dropped their target price for the stock from $68.00 to $45.00 in a 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 issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $53.14.

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.