Teza Capital Management LLC Purchases New Holdings in Occidental Petroleum Co. (NYSE:OXY)

Teza Capital Management LLC bought a new position in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 104,049 shares of the oil and gas producer's stock, valued at approximately $5,141,000. Occidental Petroleum makes up about 0.8% of Teza Capital Management LLC's holdings, making the stock its 14th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Scissortail Wealth Management LLC increased its stake in shares of Occidental Petroleum by 79,362.5% during the 4th quarter. Scissortail Wealth Management LLC now owns 6,357 shares of the oil and gas producer's stock worth $314,000 after purchasing an additional 6,349 shares during the last quarter. Siemens Fonds Invest GmbH grew its stake in Occidental Petroleum by 30.0% in the 4th quarter. Siemens Fonds Invest GmbH now owns 43,293 shares of the oil and gas producer's stock valued at $2,139,000 after buying an additional 10,003 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Occidental Petroleum by 5.1% in the 4th quarter. Rafferty Asset Management LLC now owns 289,201 shares of the oil and gas producer's stock valued at $14,289,000 after buying an additional 14,070 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Occidental Petroleum by 5.9% in the 4th quarter. ProShare Advisors LLC now owns 126,647 shares of the oil and gas producer's stock valued at $6,258,000 after purchasing an additional 7,038 shares during the period. Finally, Quadcap Wealth Management LLC boosted its holdings in Occidental Petroleum by 23.1% in the 4th quarter. Quadcap Wealth Management LLC now owns 11,597 shares of the oil and gas producer's stock valued at $573,000 after purchasing an additional 2,178 shares during the period. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Down 0.8%

Shares of OXY stock opened at $43.02 on Friday. Occidental Petroleum Co. has a 12-month low of $34.79 and a 12-month high of $64.76. The company has a market capitalization of $42.34 billion, a P/E ratio of 17.63 and a beta of 0.81. The firm has a 50-day moving average price of $42.69 and a 200 day moving average price of $46.98. 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 (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 firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.63 EPS. Research analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

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 $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's payout ratio is presently 39.02%.

Wall Street Analysts Forecast Growth

OXY has been the subject of a number of research reports. Citigroup reduced their price target on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, March 17th. UBS Group reduced their price target on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Hsbc Global Res raised shares of Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Stephens reduced their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Susquehanna reduced their price objective on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.48.

Occidental Petroleum Company 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.

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