Cetera Advisors LLC purchased a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,756 shares of the oil and gas producer’s stock, valued at approximately $201,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OXY. Goodman Financial Corp purchased a new position in shares of Occidental Petroleum during the fourth quarter worth $116,000. Fis Group Inc. purchased a new position in shares of Occidental Petroleum during the third quarter worth $126,000. Enterprise Financial Services Corp boosted its position in shares of Occidental Petroleum by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 806 shares during the period. Field & Main Bank purchased a new position in shares of Occidental Petroleum during the fourth quarter worth $166,000. Finally, Optimum Investment Advisors purchased a new position in shares of Occidental Petroleum during the third quarter worth $200,000. Institutional investors and hedge funds own 79.86% of the company’s stock.
Several research analysts have recently commented on the company. Morgan Stanley raised their price target on Occidental Petroleum from $66.00 to $84.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Mizuho reiterated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a report on Friday, November 3rd. Citigroup upgraded Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 target price for the company in a report on Monday, January 22nd. Goldman Sachs Group upgraded Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, Barclays lifted their target price on Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $70.60.
Shares of Occidental Petroleum Co. (NYSE OXY) opened at $67.99 on Wednesday. The stock has a market capitalization of $52,159.13, a PE ratio of 76.58, a price-to-earnings-growth ratio of 4.02 and a beta of 0.53. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum Co. has a fifty-two week low of $57.20 and a fifty-two week high of $78.09.
Occidental Petroleum (NYSE:OXY) last announced 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 Zacks’ consensus estimate of $0.41. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.54 billion. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. During the same period in the previous year, the business earned ($0.13) EPS. sell-side analysts predict that Occidental Petroleum Co. will post 2.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio (DPR) is 180.12%.
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Occidental Petroleum Company Profile
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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