Universal Beteiligungs und Servicegesellschaft mbH Increases Position in Occidental Petroleum Corporation (NYSE:OXY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Occidental Petroleum by 14.5%, owning a total of 192,049 shares valued at approximately $9.48 million.
• Occidental Petroleum announced a quarterly dividend of $0.24 per share, resulting in an annualized yield of 2.15% at a payout ratio of 39.02%.
• Analysts have mixed ratings for Occidental Petroleum, with a consensus rating of "Hold" and an average price target of $53.71.

Universal Beteiligungs und Servicegesellschaft mbH grew its stake in Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 14.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,049 shares of the oil and gas producer's stock after acquiring an additional 24,390 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Occidental Petroleum were worth $9,480,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in OXY. Berkshire Hathaway Inc lifted its position in Occidental Petroleum by 3.5% during 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 during the last quarter. Geode Capital Management LLC grew its position in Occidental Petroleum by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock valued at $701,816,000 after buying an additional 398,467 shares during the period. Northern Trust Corp grew its position in Occidental Petroleum by 7.5% during the fourth quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer's stock valued at $349,085,000 after buying an additional 491,797 shares during the period. Invesco Ltd. lifted its holdings in Occidental Petroleum by 25.2% during 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 purchasing an additional 1,278,389 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in Occidental Petroleum by 48.1% during 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 purchasing an additional 1,337,728 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on OXY shares. Susquehanna decreased their price target on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating on the stock in a research note on Tuesday, April 22nd. Citigroup lifted their price target on shares of Occidental Petroleum from $42.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. UBS Group dropped their price target on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Stephens dropped their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays lifted their price objective on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $53.71.

Occidental Petroleum Stock Performance

OXY stock traded up $0.08 on Friday, hitting $44.71. The company's stock had a trading volume of 5,626,932 shares, compared to its average volume of 10,707,318. The firm has a 50 day moving average of $43.43 and a two-hundred day moving average of $44.87. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $61.35. The stock has a market cap of $44.00 billion, a price-to-earnings ratio of 18.18 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 (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The firm had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the prior year, the firm earned $0.63 EPS. Occidental Petroleum's revenue for the quarter was up 13.9% on a year-over-year basis. Equities analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.15%. Occidental Petroleum's dividend payout ratio (DPR) is 39.02%.

About Occidental Petroleum

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.