Evergreen Wealth Management LLC Boosts Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Evergreen Wealth Management LLC boosted its position in Occidental Petroleum Co. (NYSE:OXY) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,239 shares of the oil and gas producer’s stock after buying an additional 272 shares during the quarter. Evergreen Wealth Management LLC’s holdings in Occidental Petroleum were worth $790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Everhart Financial Group Inc. raised its stake in Occidental Petroleum by 2.3% in the 3rd quarter. Everhart Financial Group Inc. now owns 7,457 shares of the oil and gas producer’s stock valued at $484,000 after acquiring an additional 169 shares during the period. PFG Investments LLC raised its position in shares of Occidental Petroleum by 2.7% in the third quarter. PFG Investments LLC now owns 6,423 shares of the oil and gas producer’s stock valued at $417,000 after purchasing an additional 170 shares during the period. VisionPoint Advisory Group LLC lifted its stake in shares of Occidental Petroleum by 1.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 14,754 shares of the oil and gas producer’s stock valued at $957,000 after buying an additional 174 shares in the last quarter. Conning Inc. boosted its holdings in Occidental Petroleum by 3.6% in the 3rd quarter. Conning Inc. now owns 5,146 shares of the oil and gas producer’s stock worth $334,000 after buying an additional 180 shares during the period. Finally, Donoghue Forlines LLC grew its stake in Occidental Petroleum by 2.2% in the 3rd quarter. Donoghue Forlines LLC now owns 8,971 shares of the oil and gas producer’s stock valued at $582,000 after buying an additional 191 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Trading Down 0.4 %

Shares of OXY traded down $0.27 during mid-day trading on Friday, reaching $64.39. The company’s stock had a trading volume of 6,771,518 shares, compared to its average volume of 7,759,409. Occidental Petroleum Co. has a 52 week low of $55.12 and a 52 week high of $71.18. The stock has a market cap of $57.08 billion, a PE ratio of 16.47 and a beta of 1.64. The company’s fifty day moving average price is $64.80 and its two-hundred day moving average price is $61.35. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The company’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. On average, analysts predict that Occidental Petroleum Co. will post 3.81 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.51%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on OXY shares. Mizuho raised their price target on Occidental Petroleum from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Truist Financial lifted their target price on Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, April 5th. HSBC started coverage on shares of Occidental Petroleum in a report on Monday, April 8th. They issued a “hold” rating and a $65.00 price target on the stock. Morgan Stanley upped their target price on shares of Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Finally, Wells Fargo & Company raised their price target on shares of Occidental Petroleum from $62.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.94.

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.