Occidental Petroleum Co. (NYSE:OXY) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in Occidental Petroleum Co. (NYSE:OXYFree Report) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,787 shares of the oil and gas producer’s stock after buying an additional 1,451 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Occidental Petroleum were worth $1,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of OXY. American Century Companies Inc. increased its stake in Occidental Petroleum by 600.4% during the third quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock worth $145,520,000 after purchasing an additional 1,922,656 shares during the period. Pacer Advisors Inc. increased its stake in Occidental Petroleum by 22.2% during the 4th quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock worth $357,977,000 after buying an additional 1,088,052 shares during the period. ANTIPODES PARTNERS Ltd lifted its holdings in Occidental Petroleum by 51.7% during the 4th 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 purchased a new position in Occidental Petroleum in the 3rd quarter valued at approximately $29,665,000. Finally, Assenagon Asset Management S.A. grew its stake in shares of Occidental Petroleum by 1,279.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 231,899 shares of the oil and gas producer’s stock worth $13,847,000 after acquiring an additional 215,091 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $63.41 on Friday. The company has a fifty day moving average of $65.40 and a two-hundred day moving average of $61.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.95 and a quick ratio of 0.71. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18. The company has a market capitalization of $56.22 billion, a PE ratio of 17.33 and a beta of 1.64.

Occidental Petroleum (NYSE:OXYGet Free Report) last announced its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.70 billion. Occidental Petroleum had a return on equity of 17.50% and a net margin of 15.62%. The business’s revenue was down 17.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.09 EPS. As a group, analysts expect that Occidental Petroleum Co. will post 3.85 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be issued a $0.22 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.39%. Occidental Petroleum’s payout ratio is 24.04%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Susquehanna increased their price objective on Occidental Petroleum from $70.00 to $81.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Morgan Stanley lifted their price objective on Occidental Petroleum from $66.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, March 28th. Stephens reissued an “overweight” rating and set a $74.00 price objective on shares of Occidental Petroleum in a research report on Thursday, February 15th. Barclays started coverage on shares of Occidental Petroleum in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $73.00 target price on the stock. Finally, StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Ten research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus price target of $71.00.

Check Out Our Latest Analysis on Occidental Petroleum

Occidental Petroleum Profile

(Free Report)

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.

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

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