Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,961 shares of the oil and gas producer's stock, valued at approximately $874,000.
A number of other institutional investors also recently bought and sold shares of the stock. Lazard Asset Management LLC grew its stake in shares of Occidental Petroleum by 5.0% in the first quarter. Lazard Asset Management LLC now owns 12,470 shares of the oil and gas producer's stock worth $809,000 after acquiring an additional 589 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Occidental Petroleum by 1.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 904,081 shares of the oil and gas producer's stock worth $58,757,000 after buying an additional 8,863 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Occidental Petroleum by 16.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 20,084 shares of the oil and gas producer's stock valued at $1,306,000 after buying an additional 2,780 shares during the last quarter. Tidal Investments LLC increased its position in shares of Occidental Petroleum by 10.4% during the first quarter. Tidal Investments LLC now owns 69,800 shares of the oil and gas producer's stock valued at $4,535,000 after acquiring an additional 6,588 shares in the last quarter. Finally, New Covenant Trust Company N.A. purchased a new position in Occidental Petroleum in the 1st quarter worth approximately $44,000. 88.70% of the stock is owned by institutional investors.
Occidental Petroleum Trading Up 0.9 %
Shares of NYSE:OXY traded up $0.47 during trading hours on Thursday, hitting $50.32. 6,828,027 shares of the company's stock traded hands, compared to its average volume of 9,383,212. 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 business has a fifty day moving average price of $51.70 and a 200-day moving average price of $56.67. Occidental Petroleum Co. has a 1 year low of $48.42 and a 1 year high of $71.18. The firm has a market capitalization of $47.22 billion, a P/E ratio of 13.10 and a beta of 1.58.
Occidental Petroleum Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.75%. Occidental Petroleum's payout ratio is 22.92%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on OXY. Jefferies Financial Group lifted their target price on Occidental Petroleum from $53.00 to $54.00 and gave the stock a "hold" rating in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on Occidental Petroleum from $65.00 to $56.00 and set an "equal weight" rating for the company in a report on Friday, September 27th. Raymond James upped their target price on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of Occidental Petroleum from a "sell" rating to a "hold" rating in a research note on Tuesday, November 19th. Finally, BMO Capital Markets lowered their price objective on shares of Occidental Petroleum from $70.00 to $65.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.25.
Get Our Latest Analysis 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.
Featured Stories
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
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
