11,169 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd acquired a new stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,169 shares of the oil and gas producer's stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also recently modified their holdings of OXY. Charles Schwab Investment Management Inc. increased its holdings in shares of Occidental Petroleum by 2.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,007,770 shares of the oil and gas producer's stock worth $206,560,000 after buying an additional 98,703 shares during the last quarter. American Century Companies Inc. increased its holdings in Occidental Petroleum by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer's stock worth $233,687,000 after purchasing an additional 532,318 shares during the period. Swiss National Bank raised its holdings in shares of Occidental Petroleum by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,973,614 shares of the oil and gas producer's stock valued at $101,720,000 after purchasing an additional 5,200 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of Occidental Petroleum by 20.1% during the 2nd quarter. Epoch Investment Partners Inc. now owns 1,661,231 shares of the oil and gas producer's stock worth $104,707,000 after acquiring an additional 277,462 shares in the last quarter. Finally, National Pension Service lifted its position in shares of Occidental Petroleum by 9.4% during the 3rd quarter. National Pension Service now owns 1,556,461 shares of the oil and gas producer's stock worth $80,220,000 after buying an additional 133,546 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $50.58 on Friday. The company has a 50-day simple moving average of $51.64 and a 200-day simple moving average of $56.50. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The company has a market cap of $47.46 billion, a PE ratio of 13.17 and a beta of 1.58. Occidental Petroleum Co. has a 12 month low of $48.42 and a 12 month high of $71.18.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum's dividend payout ratio (DPR) is 22.92%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on OXY shares. Truist Financial lowered their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set a "hold" rating on the stock in a research report on Monday, September 30th. Barclays lowered their price objective on shares of Occidental Petroleum from $67.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Susquehanna lowered their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a report on Thursday, November 14th. Mizuho cut their price target on shares of Occidental Petroleum from $76.00 to $72.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Finally, Wolfe Research boosted their target price on Occidental Petroleum from $73.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of "Hold" and a consensus target price of $63.25.

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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