Occidental Petroleum Corporation (NYSE:OXY) is Rule One Partners LLC's 4th Largest Position

Rule One Partners LLC lowered its stake in shares of Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 15.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 275,501 shares of the oil and gas producer’s stock after selling 50,000 shares during the period. Occidental Petroleum accounts for 5.3% of Rule One Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Rule One Partners LLC’s holdings in Occidental Petroleum were worth $13,599,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Natixis Advisors LLC raised its holdings in Occidental Petroleum by 25.3% during the 4th quarter. Natixis Advisors LLC now owns 123,706 shares of the oil and gas producer’s stock valued at $6,112,000 after acquiring an additional 24,958 shares during the period. Harbour Investments Inc. boosted its holdings in Occidental Petroleum by 64.5% in the 4th quarter. Harbour Investments Inc. now owns 7,967 shares of the oil and gas producer’s stock valued at $394,000 after purchasing an additional 3,123 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Occidental Petroleum by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 57,688 shares of the oil and gas producer’s stock valued at $2,860,000 after purchasing an additional 976 shares during the period. Advisors Asset Management Inc. boosted its holdings in Occidental Petroleum by 22.6% in the 4th quarter. Advisors Asset Management Inc. now owns 52,127 shares of the oil and gas producer’s stock valued at $2,576,000 after purchasing an additional 9,619 shares during the period. Finally, Horizon Investments LLC boosted its holdings in Occidental Petroleum by 2.3% in the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer’s stock valued at $554,000 after purchasing an additional 257 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.2%

Shares of NYSE OXY opened at $43.63 on Friday. The firm’s 50 day moving average price is $43.39 and its 200-day moving average price is $45.14. The company has a market cap of $42.94 billion, a PE ratio of 17.74 and a beta of 0.84. Occidental Petroleum Corporation has a 52-week low of $34.79 and a 52-week high of $64.04. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 1.01.

Occidental Petroleum (NYSE:OXY — Get Free Report) last issued 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. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.20%. Occidental Petroleum’s dividend payout ratio (DPR) is 39.02%.

Analyst Ratings Changes

OXY has been the subject of several analyst reports. Stephens cut their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. UBS Group reduced 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. Barclays increased their target price on Occidental Petroleum from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Wells Fargo & Company lowered their price target on shares of Occidental Petroleum from $47.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the stock an “overweight” rating in a research note on Wednesday, March 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.71.

Get Our Latest Research 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.

Read More

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