First Allied Advisory Services Inc. lifted its stake in Occidental Petroleum Co. (NYSE:OXY) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 23,866 shares of the oil and gas producer’s stock after buying an additional 1,489 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Occidental Petroleum were worth $1,752,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of OXY. Epoch Investment Partners Inc. lifted its position in shares of Occidental Petroleum by 22.0% in the 3rd quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock worth $520,341,000 after purchasing an additional 1,461,761 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Occidental Petroleum by 12.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,273,139 shares of the oil and gas producer’s stock worth $274,401,000 after purchasing an additional 466,933 shares during the period. Janus Henderson Group PLC lifted its position in shares of Occidental Petroleum by 82.6% in the 3rd quarter. Janus Henderson Group PLC now owns 886,988 shares of the oil and gas producer’s stock worth $56,951,000 after purchasing an additional 401,102 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Occidental Petroleum in the 3rd quarter worth about $19,020,000. Finally, Flossbach Von Storch AG lifted its position in shares of Occidental Petroleum by 15.0% in the 4th quarter. Flossbach Von Storch AG now owns 2,240,020 shares of the oil and gas producer’s stock worth $165,000,000 after purchasing an additional 291,825 shares during the period. 79.86% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on OXY shares. Goldman Sachs Group upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Credit Suisse Group started coverage on shares of Occidental Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $62.00 price target for the company. Citigroup upgraded shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price target for the company in a research note on Monday, January 22nd. Jefferies Group increased their price target on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Finally, Macquarie began coverage on shares of Occidental Petroleum in a research note on Wednesday, January 17th. They set a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Occidental Petroleum currently has a consensus rating of “Hold” and a consensus price target of $70.60.
Shares of Occidental Petroleum Co. (NYSE:OXY) opened at $68.16 on Monday. Occidental Petroleum Co. has a 12 month low of $57.20 and a 12 month high of $78.09. The company has a market cap of $52,159.13, a P/E ratio of 76.58, a PEG ratio of 4.02 and a beta of 0.53. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.45.
Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, hitting analysts’ consensus estimates of $0.41. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the business posted ($0.13) earnings per share. research analysts anticipate that Occidental Petroleum Co. will post 2.61 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be paid a $0.77 dividend. The ex-dividend date is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis 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.
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