Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by Czech National Bank

Czech National Bank grew its stake in Occidental Petroleum Co. (NYSE:OXY — Free Report) by 5.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,176 shares of the oil and gas producer’s stock after buying an additional 8,691 shares during the period. Czech National Bank’s holdings in Occidental Petroleum were worth $7,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Benchmark Investment Advisors LLC purchased a new position in Occidental Petroleum in the 4th quarter worth $642,000. Fisher Asset Management LLC raised its stake in shares of Occidental Petroleum by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer’s stock worth $30,320,000 after purchasing an additional 6,461 shares during the last quarter. Mountain Lake Investment Management LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth about $618,000. Milestones Administradora de Recursos Ltda. raised its stake in shares of Occidental Petroleum by 10.6% in the fourth quarter. Milestones Administradora de Recursos Ltda. now owns 193,820 shares of the oil and gas producer’s stock worth $9,577,000 after purchasing an additional 18,500 shares during the last quarter. Finally, Sage Investment Counsel LLC purchased a new position in Occidental Petroleum during the 4th quarter worth approximately $499,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 1.6%

Occidental Petroleum stock opened at $41.44 on Tuesday. The stock has a market capitalization of $40.78 billion, a PE ratio of 16.98 and a beta of 0.81. The business has a 50 day simple moving average of $41.32 and a 200-day simple moving average of $46.25. 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 issued its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, analysts anticipate that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.24 per share. 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 (DPR) is currently 39.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OXY shares. Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, April 21st. Susquehanna reduced their target price on shares of Occidental Petroleum from $59.00 to $55.00 and set a “positive” rating for the company in a report on Tuesday, April 22nd. Morgan Stanley set a $58.00 price objective on Occidental Petroleum and gave the company an “overweight” rating in a research note on Wednesday, March 26th. JPMorgan Chase & Co. reduced their price objective on Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Finally, Piper Sandler reduced their price objective on Occidental Petroleum from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.14.

Read Our Latest Report on OXY

About Occidental Petroleum

(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 Stories

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