10,000 Shares in Occidental Petroleum Co. (NYSE:OXY) Bought by Black Swift Group LLC

Black Swift Group LLC purchased a new position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the oil and gas producer's stock, valued at approximately $515,000.

Other hedge funds have also bought and sold shares of the company. Earnest Partners LLC lifted its position in Occidental Petroleum by 2.6% in the 1st quarter. Earnest Partners LLC now owns 6,850 shares of the oil and gas producer's stock valued at $445,000 after purchasing an additional 173 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Occidental Petroleum by 2.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer's stock worth $573,000 after buying an additional 175 shares during the period. Atria Wealth Solutions Inc. grew its holdings in Occidental Petroleum by 0.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer's stock worth $1,735,000 after buying an additional 176 shares in the last quarter. Raymond James Trust N.A. increased its position in Occidental Petroleum by 1.0% in the 2nd quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer's stock valued at $1,109,000 after acquiring an additional 182 shares during the period. Finally, Gateway Advisory LLC raised its stake in Occidental Petroleum by 3.9% during the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock valued at $306,000 after acquiring an additional 184 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OXY has been the subject of several recent analyst reports. UBS Group decreased their price target on Occidental Petroleum from $70.00 to $59.00 and set a "neutral" rating for the company in a research note on Wednesday, September 18th. Wells Fargo & Company decreased their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set an "equal weight" rating for the company in a research report on Friday, September 27th. TD Cowen reduced their price target on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating for the company in a research note on Tuesday. Scotiabank decreased their price objective on shares of Occidental Petroleum from $80.00 to $65.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group assumed coverage on Occidental Petroleum in a report on Wednesday, October 2nd. They set a "neutral" rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $63.70.

Occidental Petroleum Trading Down 0.9 %

Shares of NYSE:OXY traded down $0.45 during mid-day trading on Thursday, hitting $50.67. The stock had a trading volume of 13,234,809 shares, compared to its average volume of 9,352,605. Occidental Petroleum Co. has a 12-month low of $48.42 and a 12-month high of $71.18. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. The company has a market cap of $45.89 billion, a PE ratio of 13.35 and a beta of 1.58. The company's 50 day moving average is $51.90 and its 200-day moving average is $57.67.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend 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%.

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.