U.S. Capital Wealth Advisors LLC Raises Stock Position in Occidental Petroleum Corporation (NYSE:OXY)

U.S. Capital Wealth Advisors LLC boosted its position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 170.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,987 shares of the oil and gas producer's stock after purchasing an additional 20,806 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Occidental Petroleum were worth $1,628,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd purchased a new position in Occidental Petroleum during the fourth quarter worth about $26,000. VSM Wealth Advisory LLC purchased a new position in Occidental Petroleum during the fourth quarter worth about $27,000. Bernard Wealth Management Corp. purchased a new position in Occidental Petroleum during the fourth quarter worth about $32,000. Grove Bank & Trust raised its stake in Occidental Petroleum by 129.2% during the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after purchasing an additional 407 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of Occidental Petroleum during the first quarter valued at about $39,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OXY has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Occidental Petroleum from $42.00 to $47.00 and gave the company an "equal weight" rating in a research report on Thursday, June 26th. Barclays lifted 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 report on Thursday, May 8th. JPMorgan Chase & Co. dropped their price target on shares of Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. TD Cowen cut shares of Occidental Petroleum from a "buy" rating to a "hold" rating and dropped their price target for the company from $68.00 to $45.00 in a research report on Tuesday, April 8th. Finally, Hsbc Global Res upgraded shares of Occidental Petroleum to a "hold" rating in a research report on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $53.38.

Occidental Petroleum Stock Up 5.5%

Shares of NYSE:OXY opened at $45.72 on Wednesday. The company has a market capitalization of $44.99 billion, a PE ratio of 18.59 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 Corporation has a twelve month low of $34.79 and a twelve month high of $64.76. The firm has a 50 day simple moving average of $42.71 and a 200-day simple moving average of $45.33.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The company's revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, equities analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.10%. Occidental Petroleum's dividend payout ratio is presently 39.02%.

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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