Universal Beteiligungs und Servicegesellschaft mbH Has $10.10 Million Stock Position in Occidental Petroleum Corporation $OXY

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,811 shares of the oil and gas producer’s stock after buying an additional 19,953 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Occidental Petroleum were worth $10,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OXY. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Occidental Petroleum during the second quarter worth about $27,000. City Holding Co. raised its holdings in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 500 shares during the period. GoalVest Advisory LLC bought a new position in Occidental Petroleum in the third quarter valued at approximately $38,000. Hantz Financial Services Inc. boosted its holdings in shares of Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 788 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its position in shares of 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 worth $42,000 after acquiring an additional 788 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. The trade was a 2.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Occidental Petroleum Price Performance

NYSE:OXY opened at $44.13 on Friday. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $52.58. The company has a market cap of $43.47 billion, a P/E ratio of 32.45 and a beta of 0.38. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The stock’s 50-day simple moving average is $41.66 and its 200 day simple moving average is $43.35.

Occidental Petroleum (NYSE:OXY) last posted 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 12.35% and a net margin of 7.81%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the company earned $1.00 earnings per share. The business’s revenue was down 6.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 10th were 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 of this dividend was Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is 70.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OXY shares. UBS Group cut their price objective on shares of Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating on the stock in a research report on Friday, December 12th. Citigroup cut their price target on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Scotiabank decreased their price objective on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, January 16th. Evercore ISI dropped their target price on Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating on the stock in a research report on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Occidental Petroleum in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.57.

About Occidental Petroleum

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.