Level Four Advisory Services LLC Increases Stake in Occidental Petroleum Corporation $OXY

Level Four Advisory Services LLC raised its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 13.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,376 shares of the oil and gas producer’s stock after purchasing an additional 20,727 shares during the quarter. Level Four Advisory Services LLC’s holdings in Occidental Petroleum were worth $7,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Avantax Advisory Services Inc. lifted its stake in shares of Occidental Petroleum by 8.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 25,281 shares of the oil and gas producer’s stock valued at $1,248,000 after buying an additional 2,076 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Occidental Petroleum by 0.6% during the first quarter. TD Asset Management Inc now owns 257,105 shares of the oil and gas producer’s stock worth $12,691,000 after acquiring an additional 1,584 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Occidental Petroleum by 22.4% during the first quarter. Mackenzie Financial Corp now owns 61,376 shares of the oil and gas producer’s stock worth $3,030,000 after acquiring an additional 11,218 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Occidental Petroleum by 5.1% in the first quarter. Foundations Investment Advisors LLC now owns 11,293 shares of the oil and gas producer’s stock worth $557,000 after acquiring an additional 546 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of Occidental Petroleum by 18.8% in the first quarter. Federated Hermes Inc. now owns 3,012 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 477 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.1%

Shares of Occidental Petroleum stock opened at $41.46 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The firm has a market cap of $40.84 billion, a PE ratio of 24.53 and a beta of 0.91. The company has a 50 day simple moving average of $42.90 and a two-hundred day simple moving average of $43.78.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the company posted $1.00 EPS. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

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

Wall Street Analysts Forecast Growth

OXY has been the subject of several analyst reports. UBS Group cut their target price on Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, October 3rd. Susquehanna raised their price objective on shares of Occidental Petroleum from $54.00 to $55.00 and gave the company a “positive” rating in a research report on Thursday, November 13th. Scotiabank boosted their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 target price on shares of Occidental Petroleum in a research note on Tuesday. Finally, Evercore ISI reduced their price target on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.52.

View Our Latest Stock Analysis on Occidental Petroleum

Occidental Petroleum 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.

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