Wealth Enhancement Advisory Services LLC Has $4.74 Million Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 25.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,888 shares of the oil and gas producer's stock after buying an additional 19,734 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Occidental Petroleum were worth $4,738,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of OXY. Altshuler Shaham Ltd purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $27,000. VSM Wealth Advisory LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $32,000. Finally, Atala Financial Inc purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at $40,000. Institutional investors own 88.70% of the company's stock.

Occidental Petroleum Stock Up 1.8%

Shares of NYSE OXY traded up $0.76 during mid-day trading on Friday, reaching $42.58. 6,847,107 shares of the company traded hands, compared to its average volume of 11,308,404. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The stock has a market cap of $41.90 billion, a PE ratio of 17.45 and a beta of 0.87. The company's fifty day moving average is $40.76 and its two-hundred day moving average is $46.08. Occidental Petroleum Co. has a fifty-two week low of $34.79 and a fifty-two week high of $64.76.

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 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The business had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. On average, analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current 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 issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio is 39.02%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Stephens reduced their target price on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Scotiabank downgraded Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 price objective for the company. in a research note on Friday, April 11th. Mizuho reduced their price objective on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Finally, Wall Street Zen downgraded Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $53.14.

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.