Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP raised its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 584.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,584 shares of the oil and gas producer's stock after buying an additional 39,773 shares during the quarter. Occudo Quantitative Strategies LP's holdings in Occidental Petroleum were worth $2,302,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in Occidental Petroleum by 7.1% during the third quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer's stock worth $39,880,000 after purchasing an additional 51,042 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Occidental Petroleum by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 77,080 shares of the oil and gas producer's stock worth $3,973,000 after purchasing an additional 926 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Occidental Petroleum by 5.8% during the fourth quarter. Harbor Capital Advisors Inc. now owns 23,368 shares of the oil and gas producer's stock worth $1,155,000 after purchasing an additional 1,274 shares during the last quarter. Czech National Bank increased its position in Occidental Petroleum by 6.8% during the fourth quarter. Czech National Bank now owns 146,485 shares of the oil and gas producer's stock worth $7,238,000 after purchasing an additional 9,322 shares during the last quarter. Finally, Brookstone Capital Management increased its position in Occidental Petroleum by 13.3% during the fourth quarter. Brookstone Capital Management now owns 11,630 shares of the oil and gas producer's stock worth $575,000 after purchasing an additional 1,367 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $43.82 on Tuesday. The company has a market capitalization of $43.12 billion, a PE ratio of 17.96 and a beta of 0.81. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $64.76. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock's fifty day simple moving average is $42.93 and its 200 day simple moving average is $47.14.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.13. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company's revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. On average, research analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio (DPR) is 39.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OXY shares. Piper Sandler dropped their price objective on shares of Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Citigroup dropped their price objective on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, March 17th. Wells Fargo & Company dropped their price objective on shares of Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Barclays increased their price objective on shares of Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. Finally, Hsbc Global Res raised shares of Occidental Petroleum to a "hold" rating in a research report on Wednesday, April 16th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $54.05.

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.

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