Occidental Petroleum Corporation $OXY Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 6.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 143,413 shares of the oil and gas producer’s stock after acquiring an additional 8,607 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Occidental Petroleum were worth $6,030,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Northeast Financial Consultants Inc raised its stake in shares of Occidental Petroleum by 0.4% during the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock worth $2,890,000 after purchasing an additional 242 shares during the last quarter. Inspire Investing LLC increased its stake in Occidental Petroleum by 3.8% in the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after buying an additional 247 shares during the period. S.A. Mason LLC raised its position in Occidental Petroleum by 5.9% during the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after buying an additional 295 shares during the last quarter. Moody National Bank Trust Division boosted its holdings in shares of Occidental Petroleum by 2.0% in the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock valued at $644,000 after acquiring an additional 300 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Occidental Petroleum by 3.7% during the second quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock worth $354,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $42.75 on Friday. The stock has a fifty day moving average price of $43.74 and a 200 day moving average price of $43.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05. The stock has a market cap of $42.12 billion, a PE ratio of 25.29 and a beta of 0.91. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the business posted $1.00 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is 70.59%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OXY shares. Evercore ISI reduced their price objective on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Wall Street Zen cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. HSBC upgraded Occidental Petroleum from a “hold” rating to a “buy” rating and lifted their price target for the company from $48.00 to $55.00 in a research note on Friday, October 3rd. Hsbc Global Res raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Finally, UBS Group decreased their target price on shares of Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $51.24.

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.