Siemens Fonds Invest GmbH Has $2.14 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Siemens Fonds Invest GmbH raised its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 30.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,293 shares of the oil and gas producer's stock after purchasing an additional 10,003 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Occidental Petroleum were worth $2,139,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rafferty Asset Management LLC increased its position in shares of Occidental Petroleum by 5.1% in the fourth quarter. Rafferty Asset Management LLC now owns 289,201 shares of the oil and gas producer's stock valued at $14,289,000 after acquiring an additional 14,070 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Occidental Petroleum by 5.9% in the fourth quarter. ProShare Advisors LLC now owns 126,647 shares of the oil and gas producer's stock valued at $6,258,000 after acquiring an additional 7,038 shares during the last quarter. Quadcap Wealth Management LLC increased its position in shares of Occidental Petroleum by 23.1% in the fourth quarter. Quadcap Wealth Management LLC now owns 11,597 shares of the oil and gas producer's stock valued at $573,000 after acquiring an additional 2,178 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of Occidental Petroleum by 57.8% in the fourth quarter. Quantinno Capital Management LP now owns 52,678 shares of the oil and gas producer's stock valued at $2,603,000 after acquiring an additional 19,305 shares during the last quarter. Finally, Mufg Securities Americas Inc. acquired a new position in Occidental Petroleum during the fourth quarter worth approximately $493,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock traded down $0.35 during trading on Friday, reaching $43.02. 7,555,730 shares of the company's stock were exchanged, compared to its average volume of 11,191,412. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $64.76. The company has a market cap of $42.34 billion, a P/E ratio of 17.63 and a beta of 0.81. The firm's 50-day moving average price is $42.69 and its 200 day moving average price is $46.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. Occidental Petroleum's revenue was up 13.9% on a year-over-year basis. As a group, research analysts anticipate that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.23%. Occidental Petroleum's payout ratio is presently 39.02%.

Analysts Set New Price Targets

OXY has been the subject of a number of recent analyst reports. UBS Group cut their price objective on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Piper Sandler reduced their target price on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Raymond James downgraded Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Mizuho reduced their target price 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, The Goldman Sachs Group downgraded Occidental Petroleum from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Occidental Petroleum has a consensus rating of "Hold" and an average price target of $53.48.

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.