Black Swift Group LLC Purchases Shares of 10,000 Occidental Petroleum Co. (NYSE:OXY)

Black Swift Group LLC acquired a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the oil and gas producer’s stock, valued at approximately $515,000.

Other large investors have also recently made changes to their positions in the company. Metis Global Partners LLC grew its holdings in Occidental Petroleum by 11.4% during the 3rd quarter. Metis Global Partners LLC now owns 28,765 shares of the oil and gas producer’s stock worth $1,483,000 after acquiring an additional 2,941 shares in the last quarter. KBC Group NV lifted its position in shares of Occidental Petroleum by 0.8% during the 3rd quarter. KBC Group NV now owns 52,408 shares of the oil and gas producer’s stock worth $2,702,000 after purchasing an additional 438 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Occidental Petroleum in the third quarter valued at $32,000. ICICI Prudential Asset Management Co Ltd acquired a new stake in Occidental Petroleum in the third quarter valued at $2,464,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Occidental Petroleum by 8.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 244,283 shares of the oil and gas producer’s stock worth $12,590,000 after acquiring an additional 18,296 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Trading Up 1.5 %

Occidental Petroleum stock traded up $0.78 during midday trading on Thursday, reaching $51.90. The stock had a trading volume of 1,381,967 shares, compared to its average volume of 9,298,658. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. Occidental Petroleum Co. has a twelve month low of $48.42 and a twelve month high of $71.18. The stock has a market capitalization of $47.00 billion, a PE ratio of 13.31 and a beta of 1.58. The stock’s 50-day simple moving average is $51.90 and its 200 day simple moving average is $57.67.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OXY shares. Mizuho lowered their price target on Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Truist Financial dropped their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Bank of America initiated coverage on Occidental Petroleum in a report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price objective on the stock. Finally, TD Cowen reduced their target price on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $63.70.

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.