Dupont Capital Management Corp acquired a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,127 shares of the oil and gas producer’s stock, valued at approximately $378,000.
A number of other hedge funds also recently modified their holdings of OXY. Fis Group Inc. bought a new stake in Occidental Petroleum during the third quarter valued at about $126,000. Enterprise Financial Services Corp boosted its holdings in Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after acquiring an additional 806 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in Occidental Petroleum in the second quarter worth about $147,000. Atlantic Trust LLC boosted its holdings in Occidental Petroleum by 23.8% in the second quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock worth $154,000 after acquiring an additional 535 shares in the last quarter. Finally, Field & Main Bank acquired a new stake in Occidental Petroleum in the fourth quarter worth about $166,000. 80.21% of the stock is currently owned by institutional investors.
Shares of Occidental Petroleum Co. (OXY) opened at $68.18 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum Co. has a twelve month low of $57.20 and a twelve month high of $78.09. The company has a market capitalization of $51,950.00, a PE ratio of 96.03, a P/E/G ratio of 4.39 and a beta of 0.53.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio (DPR) is 433.80%.
Several equities research analysts have weighed in on OXY shares. Scotiabank reissued a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum in a report on Wednesday, November 22nd. Mizuho set a $79.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 16th. Credit Suisse Group started coverage on Occidental Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $62.00 price target for the company. Cowen set a $85.00 price target on Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Zacks Investment Research raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price target for the company in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $70.07.
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Occidental Petroleum 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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