Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,654 shares of the oil and gas producer's stock after selling 26,138 shares during the period. Yousif Capital Management LLC's holdings in Occidental Petroleum were worth $5,413,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OXY. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Occidental Petroleum in the 3rd quarter worth about $26,000. Orion Capital Management LLC purchased a new position in Occidental Petroleum in the 3rd quarter worth approximately $27,000. TLW Wealth Management LLC purchased a new position in Occidental Petroleum in the 4th quarter worth approximately $28,000. Grove Bank & Trust lifted its stake in Occidental Petroleum by 86.0% in the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer's stock worth $31,000 after purchasing an additional 240 shares in the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Occidental Petroleum during the 4th quarter valued at approximately $34,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

OXY traded down $0.10 on Friday, reaching $67.78. The company had a trading volume of 5,423,196 shares, compared to its average volume of 8,607,482. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18. The stock has a market capitalization of $60.08 billion, a PE ratio of 17.18 and a beta of 1.64. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $64.12 and a 200-day moving average price of $61.34.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share for the quarter, meeting analysts' consensus estimates of $0.74. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The firm had revenue of $7.53 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the previous year, the company earned $1.61 earnings per share. Occidental Petroleum's quarterly revenue was down 9.6% compared to the same quarter last year. As a group, research analysts forecast that Occidental Petroleum Co. will post 3.85 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 8th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.30%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 7th. Occidental Petroleum's dividend payout ratio is presently 22.51%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Occidental Petroleum from $62.00 to $70.00 and gave the company an "equal weight" rating in a research report on Thursday, April 11th. Scotiabank raised shares of Occidental Petroleum from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $63.00 to $90.00 in a research report on Thursday, April 11th. Truist Financial lifted their price target on shares of Occidental Petroleum from $77.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Barclays assumed coverage on shares of Occidental Petroleum in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $73.00 target price for the company. Finally, Susquehanna lifted their target price on shares of Occidental Petroleum from $70.00 to $81.00 and gave the company a "positive" rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $71.94.

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.