Parkwood LLC acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 21,452 shares of the oil and gas producer’s stock, valued at approximately $1,377,000.
Several other hedge funds have also added to or reduced their stakes in OXY. Grove Bank & Trust lifted its stake in shares of Occidental Petroleum Corporation by 54.8% in the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 622 shares during the last quarter. Oakworth Capital Inc. lifted its position in Occidental Petroleum Corporation by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 250 shares during the last quarter. Parallel Advisors LLC lifted its position in Occidental Petroleum Corporation by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 264 shares during the last quarter. FNY Partners Fund LP acquired a new position in Occidental Petroleum Corporation during the 1st quarter worth $126,000. Finally, Fis Group Inc. acquired a new position in Occidental Petroleum Corporation during the 3rd quarter worth $126,000. 80.82% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have weighed in on the stock. Barclays PLC boosted their target price on shares of Occidental Petroleum Corporation from $45.00 to $47.00 and gave the stock an “underweight” rating in a research report on Monday. BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Piper Jaffray Companies set a $55.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Jefferies Group LLC set a $64.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Saturday, July 29th. Finally, Mizuho reissued a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum Corporation in a research report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Occidental Petroleum Corporation presently has an average rating of “Hold” and a consensus price target of $66.53.
Shares of Occidental Petroleum Corporation (OXY) opened at $67.88 on Wednesday. The firm has a market cap of $51,940.00, a PE ratio of 195.49, a P/E/G ratio of 14.57 and a beta of 0.63. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $73.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.
Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. equities analysts expect that Occidental Petroleum Corporation will post 0.72 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be given a $0.77 dividend. The ex-dividend date is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.54%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 433.80%.
Occidental Petroleum Corporation 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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