Gamco Investors INC. ET AL grew its holdings in Occidental Petroleum Co. (NYSE:OXY) by 88.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,746 shares of the oil and gas producer’s stock after acquiring an additional 11,150 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Occidental Petroleum were worth $1,572,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc lifted its position in Occidental Petroleum by 2.2% during the third quarter. Vanguard Group Inc now owns 62,477,713 shares of the oil and gas producer’s stock valued at $5,133,793,000 after purchasing an additional 1,370,841 shares during the period. CX Institutional lifted its position in Occidental Petroleum by 14,236.1% during the fourth quarter. CX Institutional now owns 10,322 shares of the oil and gas producer’s stock valued at $634,000 after purchasing an additional 10,250 shares during the period. Pennsylvania Trust Co lifted its position in Occidental Petroleum by 11.5% during the fourth quarter. Pennsylvania Trust Co now owns 56,655 shares of the oil and gas producer’s stock valued at $3,478,000 after purchasing an additional 5,832 shares during the period. Pwmco LLC lifted its position in Occidental Petroleum by 42.4% during the fourth quarter. Pwmco LLC now owns 172,250 shares of the oil and gas producer’s stock valued at $10,649,000 after purchasing an additional 51,289 shares during the period. Finally, Narwhal Capital Management increased its holdings in Occidental Petroleum by 1.8% in the fourth quarter. Narwhal Capital Management now owns 28,250 shares of the oil and gas producer’s stock valued at $1,734,000 after buying an additional 500 shares in the last quarter. 84.05% of the stock is owned by institutional investors.
A number of research analysts have weighed in on OXY shares. KeyCorp cut their price objective on shares of Occidental Petroleum from $75.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, April 22nd. ValuEngine cut shares of Occidental Petroleum from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 30th. Atlantic Securities cut shares of Occidental Petroleum from an “overweight” rating to a “neutral” rating and set a $61.50 price objective for the company. in a report on Thursday, April 25th. Barclays cut shares of Occidental Petroleum from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $77.00 to $70.00 in a report on Friday, February 15th. Finally, Zacks Investment Research raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $77.66.
OXY stock opened at $54.55 on Wednesday. The stock has a market cap of $40.51 billion, a PE ratio of 10.89, a P/E/G ratio of 2.83 and a beta of 0.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03. Occidental Petroleum Co. has a 52 week low of $53.51 and a 52 week high of $87.67.
Occidental Petroleum (NYSE:OXY) last released its earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.02 billion. Occidental Petroleum had a net margin of 21.17% and a return on equity of 17.70%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.92 earnings per share. As a group, equities analysts anticipate that Occidental Petroleum Co. will post 3.83 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.72%. Occidental Petroleum’s dividend payout ratio is currently 62.28%.
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Occidental Petroleum Company Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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