14,460 Shares in Occidental Petroleum Corporation $OXY Bought by FORA Capital LLC

FORA Capital LLC bought a new position in Occidental Petroleum Corporation (NYSE:OXY — Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,460 shares of the oil and gas producer’s stock, valued at approximately $714,000.

Several other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Occidental Petroleum by 20.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer’s stock worth $81,000 after buying an additional 274 shares during the period. Freestone Capital Holdings LLC increased its stake in shares of Occidental Petroleum by 4.2% in the first quarter. Freestone Capital Holdings LLC now owns 7,521 shares of the oil and gas producer’s stock worth $371,000 after buying an additional 304 shares during the period. World Investment Advisors boosted its holdings in Occidental Petroleum by 6.6% in the first quarter. World Investment Advisors now owns 4,912 shares of the oil and gas producer’s stock valued at $242,000 after acquiring an additional 306 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Occidental Petroleum by 1.0% in the first quarter. Koshinski Asset Management Inc. now owns 32,736 shares of the oil and gas producer’s stock valued at $1,616,000 after acquiring an additional 309 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its holdings in Occidental Petroleum by 4.9% in the first quarter. Aaron Wealth Advisors LLC now owns 6,663 shares of the oil and gas producer’s stock valued at $329,000 after acquiring an additional 310 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on OXY. Mizuho cut their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of Occidental Petroleum from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Barclays lifted their price target on shares of Occidental Petroleum from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Thursday, May 8th. Wall Street Zen cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Citigroup lifted their price target on shares of Occidental Petroleum from $42.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, May 19th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $54.65.

Read Our Latest Stock Analysis on OXY

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $46.91 on Thursday. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $57.57. The stock has a market cap of $46.18 billion, a PE ratio of 27.76 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The company’s fifty day moving average price is $44.21 and its 200-day moving average price is $44.07.

Occidental Petroleum (NYSE:OXY — Get Free Report) last announced its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. On average, equities analysts expect 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 will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a $0.24 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s payout ratio is presently 56.80%.

Occidental Petroleum Company Profile

(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.

Featured Articles

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY — Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Occidental Petroleum, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Occidental Petroleum wasn’t on the list.

While Occidental Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here