Vestpro Financial Partners Inc. dba CPF Texas Takes Position in Occidental Petroleum Co. (OXY)

Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,250 shares of the oil and gas producer’s stock, valued at approximately $755,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital International Investors lifted its position in Occidental Petroleum by 3.6% in the third quarter. Capital International Investors now owns 8,273,652 shares of the oil and gas producer’s stock valued at $531,251,000 after buying an additional 289,718 shares during the last quarter. Epoch Investment Partners Inc. lifted its position in Occidental Petroleum by 22.0% in the third quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock valued at $520,341,000 after buying an additional 1,461,761 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Occidental Petroleum by 2.7% in the third quarter. Ameriprise Financial Inc. now owns 6,564,040 shares of the oil and gas producer’s stock valued at $421,505,000 after buying an additional 175,502 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Occidental Petroleum by 12.3% in the third quarter. Dimensional Fund Advisors LP now owns 4,273,139 shares of the oil and gas producer’s stock valued at $274,401,000 after buying an additional 466,933 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in Occidental Petroleum by 2.9% in the third quarter. Legal & General Group Plc now owns 4,020,093 shares of the oil and gas producer’s stock valued at $258,141,000 after buying an additional 113,934 shares during the last quarter. 79.98% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on OXY shares. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Bank of America cut shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Thursday, January 4th. They noted that the move was a valuation call. Cowen set a $85.00 target price on shares of Occidental Petroleum and gave the company a “buy” rating in a research report on Thursday, January 18th. Macquarie started coverage on shares of Occidental Petroleum in a research report on Wednesday, January 17th. They issued a “neutral” rating on the stock. Finally, Jefferies Group upped their target price on shares of Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $70.60.

Shares of Occidental Petroleum Co. (NYSE:OXY) opened at $68.16 on Friday. The stock has a market cap of $53,130.98, a PE ratio of 39.86, a PEG ratio of 4.30 and a beta of 0.53. Occidental Petroleum Co. has a 1 year low of $57.20 and a 1 year high of $78.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.12.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. During the same quarter in the prior year, the company earned ($0.13) earnings per share. research analysts expect that Occidental Petroleum Co. will post 2.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be given a dividend of $0.77 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.52%. Occidental Petroleum’s dividend payout ratio is presently 180.12%.

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About Occidental Petroleum

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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