Tidal Investments LLC Has $2.87 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Tidal Investments LLC reduced its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,149 shares of the oil and gas producer's stock after selling 21,876 shares during the period. Tidal Investments LLC's holdings in Occidental Petroleum were worth $2,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OXY. Vanguard Group Inc. increased its holdings in shares of Occidental Petroleum by 18.1% in the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock valued at $3,365,992,000 after purchasing an additional 10,434,098 shares during the last quarter. Berkshire Hathaway Inc grew its stake in shares of Occidental Petroleum by 3.5% in the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock valued at $13,053,055,000 after acquiring an additional 8,896,890 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Occidental Petroleum by 48.1% in the fourth quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock valued at $203,459,000 after acquiring an additional 1,337,728 shares in the last quarter. Invesco Ltd. grew its stake in shares of Occidental Petroleum by 25.2% in the fourth quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock valued at $314,133,000 after acquiring an additional 1,278,389 shares in the last quarter. Finally, Scharf Investments LLC grew its stake in shares of Occidental Petroleum by 48.7% in the fourth quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer's stock valued at $121,600,000 after acquiring an additional 805,525 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Trading Down 1.8%

NYSE:OXY opened at $41.13 on Thursday. Occidental Petroleum Co. has a one year low of $34.79 and a one year high of $64.76. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company's 50-day simple moving average is $42.43 and its 200 day simple moving average is $46.83. The firm has a market capitalization of $40.48 billion, a P/E ratio of 16.86 and a beta of 0.81.

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 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Occidental Petroleum's quarterly revenue was up 13.9% on a year-over-year basis. As a group, analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's payout ratio is currently 39.02%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the company an "overweight" rating in a research note on Wednesday, March 26th. Stephens decreased their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Barclays upped their price target on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an "equal weight" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. decreased their price target on shares of Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Finally, Raymond James downgraded shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $53.14.

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.

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