Parkwood LLC Invests $1.38 Million in Occidental Petroleum Corporation (NYSE:OXY)

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.

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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.

Institutional Ownership by Quarter for Occidental Petroleum Corporation (NYSE:OXY)

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