Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 167,659 Occidental Petroleum Co. (NYSE:OXY)
Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Occidental Petroleum Co. (NYSE:OXY — Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 167,659 shares of the oil and gas producer’s stock, valued at approximately $8,284,000.
Several other large investors also recently made changes to their positions in OXY. Robeco Institutional Asset Management B.V. bought a new stake in shares of Occidental Petroleum during the fourth quarter worth $1,633,000. Swedbank AB grew its holdings in shares of Occidental Petroleum by 21.9% during the fourth quarter. Swedbank AB now owns 343,689 shares of the oil and gas producer’s stock worth $16,982,000 after purchasing an additional 61,635 shares during the last quarter. Baader Bank Aktiengesellschaft grew its holdings in shares of Occidental Petroleum by 20.0% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 12,050 shares of the oil and gas producer’s stock worth $595,000 after purchasing an additional 2,010 shares during the last quarter. Oak Harvest Investment Services bought a new stake in shares of Occidental Petroleum during the fourth quarter worth $265,000. Finally, Rule One Partners LLC grew its holdings in shares of Occidental Petroleum by 18.1% during the fourth quarter. Rule One Partners LLC now owns 325,501 shares of the oil and gas producer’s stock worth $16,083,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently commented on OXY shares. Raymond James cut Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $81.00 to $64.00 in a report on Monday, March 10th. Wall Street Zen lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Morgan Stanley set a $58.00 price target on Occidental Petroleum and gave the company an “overweight” rating in a research note on Wednesday, March 26th. UBS Group cut their price target 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. Finally, Citigroup upped their price target on Occidental Petroleum from $42.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, May 19th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $53.14.
Check Out Our Latest Stock Analysis on Occidental Petroleum
Occidental Petroleum Trading Down 1.7%
NYSE:OXY opened at $40.77 on Friday. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $64.76. The business’s 50-day moving average price is $41.49 and its two-hundred day moving average price is $46.37. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $40.12 billion, a price-to-earnings ratio of 16.71 and a beta of 0.81.
Occidental Petroleum (NYSE:OXY — Get Free Report) last announced its quarterly 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 return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. On average, equities analysts expect that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.
Occidental Petroleum Dividend Announcement
The firm 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 $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.35%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 39.02%.
About Occidental Petroleum
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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