National Pension Service Buys 34,786 Shares of Occidental Petroleum Co. (NYSE:OXY)

National Pension Service boosted its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,342,292 shares of the oil and gas producer's stock after acquiring an additional 34,786 shares during the period. National Pension Service owned 0.15% of Occidental Petroleum worth $80,148,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Occidental Petroleum in the 3rd quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Occidental Petroleum during the 3rd quarter worth approximately $27,000. TLW Wealth Management LLC acquired a new position in Occidental Petroleum during the 4th quarter worth approximately $28,000. Grove Bank & Trust increased its position in Occidental Petroleum by 86.0% during 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 during the period. Finally, Criterion Capital Advisors LLC acquired a new position in Occidental Petroleum during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Trading Up 0.9 %

Shares of Occidental Petroleum stock traded up $0.56 during trading hours on Thursday, reaching $64.24. 4,965,105 shares of the company's stock were exchanged, compared to its average volume of 8,440,851. Occidental Petroleum Co. has a 52-week low of $55.12 and a 52-week high of $71.18. The firm has a market capitalization of $56.95 billion, a price-to-earnings ratio of 16.43 and a beta of 1.64. The company has a fifty day moving average of $65.05 and a 200-day moving average of $61.36. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.70 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The business's revenue for the quarter was down 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.09 EPS. Sell-side analysts forecast that Occidental Petroleum Co. will post 3.81 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, June 7th. Occidental Petroleum's dividend payout ratio (DPR) is currently 22.51%.

Wall Street Analyst Weigh In

Several research firms have issued reports on OXY. Truist Financial boosted their target price on Occidental Petroleum from $77.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Scotiabank upgraded Occidental Petroleum from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $63.00 to $90.00 in a report on Thursday, April 11th. Wells Fargo & Company lowered their price target on Occidental Petroleum from $70.00 to $68.00 and set an "equal weight" rating on the stock in a report on Thursday. StockNews.com upgraded Occidental Petroleum from a "sell" rating to a "hold" rating in a report on Friday, March 15th. Finally, Mizuho upped their price target on Occidental Petroleum from $70.00 to $71.00 and gave the stock a "neutral" rating in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $71.88.

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.