Nvwm LLC Acquires 7,043 Shares of Occidental Petroleum Corporation (NYSE:OXY)

Nvwm LLC increased its holdings in Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 131.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,398 shares of the oil and gas producer’s stock after acquiring an additional 7,043 shares during the period. Nvwm LLC’s holdings in Occidental Petroleum were worth $612,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its holdings 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 valued at $81,000 after purchasing an additional 274 shares during the last quarter. World Investment Advisors increased its stake in Occidental Petroleum by 6.6% in the 1st quarter. World Investment Advisors now owns 4,912 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 306 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Occidental Petroleum by 1.0% during the 1st quarter. Koshinski Asset Management Inc. now owns 32,736 shares of the oil and gas producer’s stock worth $1,616,000 after buying an additional 309 shares in the last quarter. Seaview Investment Managers LLC boosted its stake in shares of Occidental Petroleum by 6.8% in the 4th quarter. Seaview Investment Managers LLC now owns 4,891 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 310 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of 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. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen lowered Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their price target for the stock from $68.00 to $45.00 in a report on Tuesday, April 8th. UBS Group lowered 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 reduced their price target on shares of Occidental Petroleum from $59.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Scotiabank lifted their price objective on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. Finally, Citigroup increased their target price on shares of Occidental Petroleum from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and an average price target of $53.71.

View Our Latest Report on OXY

Occidental Petroleum Trading Up 0.2%

Shares of Occidental Petroleum stock opened at $44.71 on Friday. The company’s 50-day moving average price is $43.43 and its 200-day moving average price is $44.92. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90. Occidental Petroleum Corporation has a 12-month low of $34.78 and a 12-month high of $61.35. The company has a market cap of $44.00 billion, a price-to-earnings ratio of 18.18 and a beta of 0.84.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The business had revenue of $6.80 billion for the quarter, compared to analysts’ expectations of $6.97 billion. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.15%. The ex-dividend date was Tuesday, June 10th. Occidental Petroleum’s dividend payout ratio is 39.02%.

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.

See Also

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).

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