Siemens Fonds Invest GmbH Has $2.14 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Siemens Fonds Invest GmbH increased its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,293 shares of the oil and gas producer's stock after acquiring an additional 10,003 shares during the period. Siemens Fonds Invest GmbH's holdings in Occidental Petroleum were worth $2,139,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Inc. lifted its stake in Occidental Petroleum by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock worth $209,000 after acquiring an additional 216 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Occidental Petroleum by 27.1% during the 4th 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 in the last quarter. Horizon Investments LLC lifted its stake in Occidental Petroleum by 2.3% during the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock worth $554,000 after acquiring an additional 257 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Occidental Petroleum by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer's stock worth $2,863,000 after acquiring an additional 290 shares in the last quarter. Finally, Seaview Investment Managers LLC lifted its stake in Occidental Petroleum by 6.8% during the 4th quarter. Seaview Investment Managers LLC now owns 4,891 shares of the oil and gas producer's stock worth $242,000 after acquiring an additional 310 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OXY. Wall Street Zen lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. Citigroup increased their price target on Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $81.00 to $64.00 in a research report on Monday, March 10th. Susquehanna reduced their price target on Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research report on Tuesday, April 22nd. Finally, Scotiabank lowered Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 target price on the stock. in a research report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.14.

Occidental Petroleum Stock Performance

Shares of OXY stock traded down $0.69 on Friday, hitting $40.77. 8,911,908 shares of the stock traded hands, compared to its average volume of 11,268,465. The company has a market capitalization of $40.12 billion, a PE ratio of 16.71 and a beta of 0.81. The company's fifty day moving average is $41.49 and its 200 day moving average is $46.31. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $64.76.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for 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, equities research analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.35%. Occidental Petroleum's dividend payout ratio is 39.02%.

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.