Siemens Fonds Invest GmbH Acquires 10,003 Shares of Occidental Petroleum Co. (NYSE:OXY)
Siemens Fonds Invest GmbH increased its holdings in Occidental Petroleum Co. (NYSE:OXY — Free Report) by 30.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,293 shares of the oil and gas producer’s stock after acquiring an additional 10,003 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Occidental Petroleum were worth $2,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum in the 4th quarter worth about $26,000. VSM Wealth Advisory LLC bought a new stake in Occidental Petroleum during the 4th quarter valued at about $27,000. Whipplewood Advisors LLC bought a new stake in Occidental Petroleum during the 4th quarter valued at about $27,000. Atala Financial Inc bought a new stake in Occidental Petroleum during the 4th quarter valued at about $40,000. Finally, Millstone Evans Group LLC bought a new stake in Occidental Petroleum during the 4th quarter valued at about $42,000. 88.70% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
OXY has been the subject of a number of analyst reports. Morgan Stanley set a $58.00 price objective on shares of Occidental Petroleum and gave the company an “overweight” rating in a research note on Wednesday, March 26th. Raymond James downgraded shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $81.00 to $64.00 in a report on Monday, March 10th. Scotiabank downgraded shares of Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 price target on the stock. in a report on Friday, April 11th. Hsbc Global Res raised shares of Occidental Petroleum to a “hold” rating in a report on Wednesday, April 16th. Finally, Mizuho dropped their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.48.
Check Out Our Latest Analysis on Occidental Petroleum
Occidental Petroleum Price Performance
Shares of NYSE:OXY opened at $43.02 on Friday. 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 1-year low of $34.79 and a 1-year high of $64.76. The company has a market capitalization of $42.34 billion, a P/E ratio of 17.63 and a beta of 0.81. The firm’s 50 day simple moving average is $42.69 and its two-hundred day simple moving average is $47.00.
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 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The business had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. Research analysts expect that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.
Occidental Petroleum Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum’s dividend payout ratio is currently 39.02%.
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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