Occidental Petroleum Co. (NYSE:OXY) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC increased its stake in Occidental Petroleum Co. (NYSE:OXY) by 80.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 22,868 shares of the oil and gas producer’s stock after buying an additional 10,213 shares during the quarter. EP Wealth Advisors LLC’s holdings in Occidental Petroleum were worth $1,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OXY. Principal Financial Group Inc. lifted its stake in shares of Occidental Petroleum by 7.1% in the 3rd quarter. Principal Financial Group Inc. now owns 773,762 shares of the oil and gas producer’s stock worth $39,880,000 after acquiring an additional 51,042 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Occidental Petroleum by 1.2% in 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 period. Harbor Capital Advisors Inc. boosted its stake in Occidental Petroleum by 5.8% during the 4th quarter. Harbor Capital Advisors Inc. now owns 23,368 shares of the oil and gas producer’s stock valued at $1,155,000 after purchasing an additional 1,274 shares in the last quarter. Czech National Bank raised its stake in shares of Occidental Petroleum by 6.8% in the 4th quarter. Czech National Bank now owns 146,485 shares of the oil and gas producer’s stock worth $7,238,000 after buying an additional 9,322 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Occidental Petroleum by 13.3% in the fourth quarter. Brookstone Capital Management now owns 11,630 shares of the oil and gas producer’s stock valued at $575,000 after buying an additional 1,367 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 2.0 %

Shares of Occidental Petroleum stock opened at $42.25 on Friday. The stock has a 50-day simple moving average of $42.96 and a 200-day simple moving average of $47.25. Occidental Petroleum Co. has a 52-week low of $34.79 and a 52-week high of $64.76. The firm has a market cap of $39.71 billion, a price-to-earnings ratio of 17.32 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business 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 dividend of $0.24 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.27%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 39.34%.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of research analyst reports. Citigroup lowered their target price on Occidental Petroleum from $56.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, March 17th. Wells Fargo & Company dropped their target price on shares of Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their price target on shares of Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating on the stock in a research report on Friday. Truist Financial increased their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, Scotiabank lowered Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 target price on the stock. in a research report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.