Occidental Petroleum Corporation $OXY Shares Purchased by Brighton Jones LLC

Key Points

• Brighton Jones increased its Occidental Petroleum holdings by 108.1% in the third quarter, buying 33,863 shares to hold 65,199 shares valued at about $3.6 million. Institutional investors collectively own 88.7% of the stock.
• Analyst sentiment is mixed: 12 analysts rate OXY a Buy and 15 a Hold, producing an average rating of Hold and a consensus price target of $67.88.
• Occidental declared a quarterly dividend of $0.28 per share, equivalent to $1.12 annually and a 2.0% yield.

Brighton Jones LLC lifted its holdings in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 108.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,199 shares of the oil and gas producer's stock after purchasing an additional 33,863 shares during the quarter. Brighton Jones LLC's holdings in Occidental Petroleum were worth $3,607,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Evergreen Capital Management LLC grew its position in Occidental Petroleum by 2.7% in the third quarter. Evergreen Capital Management LLC now owns 5,929 shares of the oil and gas producer's stock worth $330,000 after acquiring an additional 155 shares in the last quarter. Venture Visionary Partners LLC lifted its stake in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 9,639 shares of the oil and gas producer's stock valued at $533,000 after purchasing an additional 203 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in shares of Occidental Petroleum by 15.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,615 shares of the oil and gas producer's stock valued at $78,000 after purchasing an additional 220 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of Occidental Petroleum by 2.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 8,210 shares of the oil and gas producer's stock worth $442,000 after purchasing an additional 220 shares during the period. Finally, CWA Asset Management Group LLC boosted its holdings in shares of Occidental Petroleum by 1.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 16,957 shares of the oil and gas producer's stock worth $938,000 after purchasing an additional 227 shares during the period. Institutional investors own 88.70% of the company's stock.

Analyst Upgrades and Downgrades

OXY has been the topic of several analyst reports. Stephens boosted their target price on Occidental Petroleum from $78.00 to $80.00 and gave the company an "overweight" rating in a research report on Monday, October 19th. Roth Capital upgraded Occidental Petroleum from a "neutral" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Friday, October 16th. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 price objective on shares of Occidental Petroleum in a research note on Wednesday, October 14th. Wall Street Zen upgraded shares of Occidental Petroleum from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 10th. Finally, UBS Group increased their target price on shares of Occidental Petroleum from $67.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.88.

Occidental Petroleum Stock Up 0.2%

Shares of NYSE:OXY opened at $56.49 on Monday. The firm has a market capitalization of $56.47 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.65 and a beta of 0.16. The business has a 50 day simple moving average of $60.05 and a two-hundred day simple moving average of $56.29. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.41 and a quick ratio of 1.13.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 10th will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, December 10th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum's payout ratio is presently 17.34%.

Occidental Petroleum Profile

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa.

Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods.

The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.

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