Annandale Capital LLC Acquires 25,069 Shares of Occidental Petroleum Corporation $OXY

Annandale Capital LLC raised its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 160.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,658 shares of the oil and gas producer’s stock after purchasing an additional 25,069 shares during the period. Annandale Capital LLC’s holdings in Occidental Petroleum were worth $1,708,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Baird Financial Group Inc. boosted its position in shares of Occidental Petroleum by 17.8% during the second quarter. Baird Financial Group Inc. now owns 364,802 shares of the oil and gas producer’s stock valued at $15,325,000 after buying an additional 55,227 shares during the last quarter. CW Advisors LLC boosted its holdings in shares of Occidental Petroleum by 15.7% during the 2nd quarter. CW Advisors LLC now owns 13,609 shares of the oil and gas producer’s stock valued at $572,000 after acquiring an additional 1,851 shares during the last quarter. Chou Associates Management Inc. grew its stake in shares of Occidental Petroleum by 360.3% in the second quarter. Chou Associates Management Inc. now owns 313,000 shares of the oil and gas producer’s stock worth $13,149,000 after acquiring an additional 245,000 shares during the period. Willis Johnson & Associates Inc. raised its holdings in shares of Occidental Petroleum by 27.8% during the second quarter. Willis Johnson & Associates Inc. now owns 9,057 shares of the oil and gas producer’s stock valued at $380,000 after purchasing an additional 1,972 shares during the last quarter. Finally, VestGen Advisors LLC lifted its position in Occidental Petroleum by 15.8% during the second quarter. VestGen Advisors LLC now owns 8,832 shares of the oil and gas producer’s stock valued at $371,000 after purchasing an additional 1,207 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 1.1%

NYSE OXY opened at $42.45 on Thursday. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 week high of $53.20. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $41.82 billion, a P/E ratio of 31.21 and a beta of 0.39. The stock’s 50-day moving average price is $42.57 and its 200-day moving average price is $43.74.

Occidental Petroleum (NYSE:OXY — Get Free Report) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the firm posted $1.00 EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. Occidental Petroleum’s dividend payout ratio is 70.59%.

Analysts Set New Price Targets

A number of equities research analysts have commented on OXY shares. Citigroup cut their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 19th. Roth Capital lifted their price objective on Occidental Petroleum from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. UBS Group lowered their target price on Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating on the stock in a report on Friday, October 3rd. Mizuho boosted their price target on Occidental Petroleum from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Finally, Piper Sandler reduced their price target on shares of Occidental Petroleum from $47.00 to $46.00 and set a “neutral” rating for the company in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $50.52.

Get Our Latest Stock Report on OXY

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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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