4,266 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Focus Financial Network Inc. ADV

Focus Financial Network Inc. ADV bought a new stake in Occidental Petroleum Co. (NYSE:OXYFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,266 shares of the oil and gas producer’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OXY. American Century Companies Inc. boosted its stake in Occidental Petroleum by 600.4% in the third quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock valued at $145,520,000 after acquiring an additional 1,922,656 shares during the period. Pacer Advisors Inc. grew its holdings in Occidental Petroleum by 22.2% in 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 in the last quarter. ANTIPODES PARTNERS Ltd grew its holdings in Occidental Petroleum by 51.7% in 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. TD Asset Management Inc grew its holdings in Occidental Petroleum by 237.9% in the 4th quarter. TD Asset Management Inc now owns 756,862 shares of the oil and gas producer’s stock worth $45,192,000 after buying an additional 532,847 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Occidental Petroleum by 1,177.7% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 246,196 shares of the oil and gas producer’s stock worth $14,700,000 after buying an additional 226,928 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $60.57 on Tuesday. Occidental Petroleum Co. has a 12-month low of $55.12 and a 12-month high of $71.18. The company has a quick ratio of 0.71, a current ratio of 0.95 and a debt-to-equity ratio of 0.82. The company has a market cap of $53.70 billion, a P/E ratio of 16.55 and a beta of 1.59. The company’s fifty day moving average is $65.19 and its two-hundred day moving average is $61.45.

Occidental Petroleum (NYSE:OXYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Occidental Petroleum had a net margin of 15.62% and a return on equity of 17.50%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the prior year, the business posted $1.09 earnings per share. Occidental Petroleum’s revenue for the quarter was down 17.2% compared to the same quarter last year. Equities analysts expect that Occidental Petroleum Co. will post 3.89 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Monday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 24.04%.

Analyst Upgrades and Downgrades

OXY has been the subject of a number of recent analyst reports. Barclays started coverage on Occidental Petroleum in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $73.00 price objective for the company. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Mizuho increased their price objective on Occidental Petroleum from $70.00 to $71.00 and gave the company a “neutral” rating in a research report on Wednesday, May 8th. Stephens reiterated an “overweight” rating and set a $74.00 price objective on shares of Occidental Petroleum in a research report on Thursday, February 15th. Finally, Citigroup cut their price objective on Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Friday, May 24th. Eleven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $70.94.

Read Our Latest Analysis on Occidental Petroleum

About Occidental Petroleum

(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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