Atria Wealth Solutions Inc. Boosts Stake in Occidental Petroleum Co. (NYSE:OXY)

Atria Wealth Solutions Inc. increased its stake in Occidental Petroleum Co. (NYSE:OXY) by 4.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,366 shares of the oil and gas producer’s stock after buying an additional 1,180 shares during the period. Atria Wealth Solutions Inc.’s holdings in Occidental Petroleum were worth $1,814,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Occidental Petroleum in the 3rd quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in Occidental Petroleum during the 3rd quarter valued at $27,000. TLW Wealth Management LLC purchased a new stake in Occidental Petroleum during the 4th quarter valued at $28,000. Grove Bank & Trust boosted its stake in Occidental Petroleum by 86.0% during the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in Occidental Petroleum during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on OXY shares. Barclays started coverage on Occidental Petroleum in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 target price on the stock. Truist Financial increased their target price on Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Susquehanna increased their target price on Occidental Petroleum from $70.00 to $81.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. HSBC assumed coverage on Occidental Petroleum in a report on Monday, April 8th. They set a “hold” rating and a $65.00 price target on the stock. Finally, Scotiabank raised Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $63.00 to $90.00 in a report on Thursday, April 11th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.94.

Occidental Petroleum Trading Down 3.0 %

Shares of OXY stock opened at $66.15 on Wednesday. Occidental Petroleum Co. has a 52-week low of $55.12 and a 52-week high of $71.18. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.92. The firm has a market capitalization of $58.64 billion, a PE ratio of 16.92 and a beta of 1.64. The stock has a fifty day simple moving average of $64.55 and a two-hundred day simple moving average of $61.38.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data 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. The firm had revenue of $7.53 billion during the quarter, compared to analyst estimates of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The business’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. On average, analysts predict that Occidental Petroleum Co. will post 3.85 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 8th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 1.33%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.18. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.51%.

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.