Campbell & CO Investment Adviser LLC Acquires Shares of 7,776 Occidental Petroleum Corporation $OXY

Campbell & CO Investment Adviser LLC acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,776 shares of the oil and gas producer’s stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OXY. University of Texas Texas AM Investment Management Co. acquired a new position in Occidental Petroleum in the second quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its stake in shares of Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 788 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Occidental Petroleum during the first quarter worth $39,000. MeadowBrook Investment Advisors LLC grew its position in Occidental Petroleum by 371.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $42,000 after buying an additional 788 shares during the period. Finally, Spectrum Wealth Counsel LLC increased its holdings in Occidental Petroleum by 5,000.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 1,020 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Price Performance

NYSE:OXY opened at $42.75 on Monday. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $53.20. The stock has a market cap of $42.12 billion, a PE ratio of 25.29 and a beta of 0.91. 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 50 day moving average price of $43.74 and a 200 day moving average price of $43.75.

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

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 70.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OXY shares. Roth Capital increased their target price on shares of Occidental Petroleum from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, October 2nd. Melius Research initiated coverage on Occidental Petroleum in a research report on Wednesday, August 20th. They set a “hold” rating and a $64.00 price target on the stock. Bank of America raised their price objective on Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Scotiabank upped their target price on Occidental Petroleum from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. Finally, Susquehanna lifted their price target on shares of Occidental Petroleum from $54.00 to $55.00 and gave the company a “positive” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $51.24.

Occidental Petroleum Company 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.