GTS Securities LLC Boosts Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)
GTS Securities LLC boosted its stake in shares of Occidental Petroleum Co. (NYSE:OXY — Free Report) by 395.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,775 shares of the oil and gas producer’s stock after buying an additional 20,576 shares during the period. GTS Securities LLC’s holdings in Occidental Petroleum were worth $1,274,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the stock. Berkshire Hathaway Inc lifted its holdings in Occidental Petroleum by 3.5% during the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer’s stock worth $13,053,055,000 after buying an additional 8,896,890 shares during the period. Vanguard Group Inc. grew its stake in Occidental Petroleum by 18.1% in the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer’s stock valued at $3,365,992,000 after purchasing an additional 10,434,098 shares during the last quarter. Geode Capital Management LLC grew its stake in Occidental Petroleum by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer’s stock valued at $701,816,000 after purchasing an additional 398,467 shares during the last quarter. Northern Trust Corp grew its stake in Occidental Petroleum by 7.5% in the fourth quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer’s stock valued at $349,085,000 after purchasing an additional 491,797 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Occidental Petroleum by 25.2% during the fourth quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer’s stock valued at $314,133,000 after acquiring an additional 1,278,389 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.
Occidental Petroleum Stock Up 0.5%
OXY stock opened at $41.30 on Friday. The firm’s fifty day simple moving average is $42.18 and its 200-day simple moving average is $46.67. The company has a market capitalization of $40.64 billion, a P/E ratio of 16.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. Occidental Petroleum Co. has a 12 month low of $34.79 and a 12 month high of $64.76.
Occidental Petroleum (NYSE:OXY — Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.63 EPS. As a group, equities research analysts forecast that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.
Occidental Petroleum Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.32%. Occidental Petroleum’s dividend payout ratio is presently 39.02%.
Analyst Ratings Changes
A number of equities research analysts recently commented on OXY shares. Wall Street Zen cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their target price for the company from $54.00 to $45.00 in a research report on Friday, January 31st. UBS Group dropped their target price on Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th. Susquehanna dropped their target price on Occidental Petroleum from $59.00 to $55.00 and set a “positive” rating on the stock in a research note on Tuesday, April 22nd. Finally, Stephens dropped their target price on Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $53.14.
Read Our Latest Analysis on OXY
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.
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