Czech National Bank Buys 8,691 Shares of Occidental Petroleum Co. (NYSE:OXY)

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

Several other hedge funds have also bought and sold shares of the stock. Altshuler Shaham Ltd purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $32,000. Finally, Atala Financial Inc purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Up 1.8%

OXY stock traded up $0.76 during mid-day trading on Friday, reaching $42.58. The company had a trading volume of 6,847,107 shares, compared to its average volume of 11,308,404. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company has a market capitalization of $41.90 billion, a PE ratio of 17.45 and a beta of 0.87. The firm has a 50 day moving average of $40.76 and a 200 day moving average of $46.08. 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 issued 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. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. On average, equities analysts predict that Occidental Petroleum Co. 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 Tuesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 2.25%. Occidental Petroleum's dividend payout ratio is currently 39.02%.

Analysts Set New Price Targets

Several analysts have recently issued reports on OXY shares. 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. Mizuho decreased their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Wells Fargo & Company decreased their target price on shares of Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Monday, April 21st. Hsbc Global Res upgraded shares of Occidental Petroleum to a "hold" rating in a research report on Wednesday, April 16th. Finally, Wall Street Zen cut shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. Three research 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.