Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Increased by TCG Advisory Services LLC

TCG Advisory Services LLC raised its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,426 shares of the oil and gas producer’s stock after purchasing an additional 321 shares during the quarter. TCG Advisory Services LLC’s holdings in Occidental Petroleum were worth $443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised its stake in shares of Occidental Petroleum by 600.4% in the third quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock valued at $145,520,000 after purchasing an additional 1,922,656 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Occidental Petroleum by 22.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock valued at $357,977,000 after buying an additional 1,088,052 shares in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in shares of Occidental Petroleum by 51.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock worth $139,749,000 after buying an additional 797,894 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Occidental Petroleum during the third quarter worth about $29,665,000. Finally, Assenagon Asset Management S.A. grew its position in shares of Occidental Petroleum by 1,279.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 231,899 shares of the oil and gas producer’s stock valued at $13,847,000 after acquiring an additional 215,091 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Stock Down 0.4 %

NYSE:OXY traded down $0.27 during trading hours on Friday, hitting $64.39. The company’s stock had a trading volume of 6,771,518 shares, compared to its average volume of 7,759,409. The stock has a market capitalization of $57.08 billion, a P/E ratio of 16.47 and a beta of 1.64. Occidental Petroleum Co. has a 52-week low of $55.12 and a 52-week high of $71.18. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $64.80 and a 200-day moving average of $61.35.

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

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders 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 is presently 22.51%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James decreased their target price on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Barclays started coverage on shares of Occidental Petroleum in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price target on the stock. Scotiabank upgraded shares of Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $63.00 to $90.00 in a research note on Thursday, April 11th. Susquehanna increased their target price on Occidental Petroleum from $70.00 to $81.00 and gave the stock a “positive” rating in a report on Monday, April 22nd. Finally, Truist Financial upped their price target on Occidental Petroleum from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus target price of $71.94.

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, 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.