Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 1,075.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,930,776 shares of the oil and gas producer's stock after purchasing an additional 1,766,491 shares during the period. Worldquant Millennium Advisors LLC owned about 0.21% of Occidental Petroleum worth $95,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Woodline Partners LP acquired a new stake in Occidental Petroleum in the 4th quarter valued at approximately $2,005,000. iSAM Funds UK Ltd acquired a new stake in Occidental Petroleum in the 4th quarter valued at approximately $1,205,000. Visionary Wealth Advisors grew its stake in shares of Occidental Petroleum by 26.9% in the fourth quarter. Visionary Wealth Advisors now owns 25,147 shares of the oil and gas producer's stock worth $1,243,000 after acquiring an additional 5,328 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth $1,675,000. Finally, Two Sigma Investments LP raised its stake in shares of Occidental Petroleum by 1,253.6% in the fourth quarter. Two Sigma Investments LP now owns 745,824 shares of the oil and gas producer's stock valued at $36,851,000 after acquiring an additional 690,724 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Trading Down 1.7%

NYSE:OXY opened at $42.32 on Tuesday. The stock's 50 day moving average price is $42.61 and its 200 day moving average price is $46.90. The company has a market capitalization of $41.65 billion, a PE ratio of 17.34 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. Occidental Petroleum Co. has a 52-week low of $34.79 and a 52-week high of $64.76.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share 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 company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. During the same period last year, the firm earned $0.63 EPS. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. On average, research analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.27%. Occidental Petroleum's payout ratio is 39.02%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on OXY shares. Roth Capital set a $54.00 price target on Occidental Petroleum in a report on Thursday, January 23rd. Barclays raised their target price on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Raymond James cut shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $81.00 to $64.00 in a report on Monday, March 10th. StockNews.com lowered shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their target price on shares of 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. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Occidental Petroleum currently has an average 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.

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