Teachers Advisors LLC lifted its position in Occidental Petroleum Co. (NYSE:OXY) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,396,981 shares of the oil and gas producer’s stock after purchasing an additional 10,579 shares during the period. Teachers Advisors LLC owned about 0.18% of Occidental Petroleum worth $102,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of OXY. Goodman Financial Corp acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $116,000. Trustcore Financial Services LLC acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $153,000. Field & Main Bank acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $166,000. Optimum Investment Advisors acquired a new position in shares of Occidental Petroleum in the 3rd quarter valued at $200,000. Finally, Cetera Advisors LLC acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 83.00% of the company’s stock.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. UBS Group assumed coverage on shares of Occidental Petroleum in a research report on Wednesday, March 7th. They set a “neutral” rating and a $71.00 price objective for the company. ValuEngine cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. BMO Capital Markets restated a “hold” rating and set a $75.00 price objective on shares of Occidental Petroleum in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Occidental Petroleum from $74.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $71.56.
Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. During the same period in the prior year, the business earned ($0.13) earnings per share. sell-side analysts anticipate that Occidental Petroleum Co. will post 2.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio (DPR) is 180.12%.
Occidental Petroleum Company Profile
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
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