Occidental Petroleum Corporation (NYSE:OXY) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 20.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,421 shares of the oil and gas producer's stock after acquiring an additional 11,210 shares during the quarter. Vontobel Holding Ltd.'s holdings in Occidental Petroleum were worth $3,279,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $26,000. VSM Wealth Advisory LLC acquired a new stake in Occidental Petroleum during the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. purchased a new position in Occidental Petroleum in the 4th quarter valued at approximately $32,000. Grove Bank & Trust grew its stake in shares of Occidental Petroleum by 129.2% in the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after acquiring an additional 407 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in shares of Occidental Petroleum during the first quarter worth $39,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded down $0.06 during trading hours on Friday, reaching $43.87. The stock had a trading volume of 4,579,235 shares, compared to its average volume of 11,782,302. The firm has a 50-day moving average of $42.47 and a 200-day moving average of $45.38. The firm has a market cap of $43.17 billion, a price-to-earnings ratio of 17.83 and a beta of 0.84. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90. Occidental Petroleum Corporation has a fifty-two week low of $34.79 and a fifty-two 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, beating the consensus estimate of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The company's revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.63 earnings per share. Equities research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current 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 given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OXY. UBS Group lowered their target price on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Piper Sandler lowered their price objective on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stephens reduced their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the stock an "overweight" rating in a report on Wednesday, March 26th. Finally, Susquehanna dropped their price objective on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $53.38.

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.