Geode Capital Management LLC raised its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 3.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 13,846,890 shares of the oil and gas producer's stock after purchasing an additional 444,850 shares during the period. Geode Capital Management LLC owned 1.48% of Occidental Petroleum worth $710,886,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its position in 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 valued at $573,000 after acquiring an additional 175 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of Occidental Petroleum by 0.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer's stock valued at $1,735,000 after purchasing an additional 176 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Occidental Petroleum by 1.0% in the second quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer's stock worth $1,109,000 after purchasing an additional 182 shares in the last quarter. Gateway Advisory LLC lifted its stake in Occidental Petroleum by 3.9% in the second quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock valued at $306,000 after buying an additional 184 shares during the period. Finally, Joule Financial LLC boosted its holdings in shares of Occidental Petroleum by 2.5% during the 2nd quarter. Joule Financial LLC now owns 7,863 shares of the oil and gas producer's stock worth $497,000 after buying an additional 191 shares in the last quarter. 88.70% of the stock is owned by institutional investors.
Occidental Petroleum Stock Performance
Shares of NYSE OXY traded down $0.33 during mid-day trading on Thursday, reaching $48.14. 1,357,864 shares of the company's stock were exchanged, compared to its average volume of 9,376,862. The firm has a market capitalization of $45.17 billion, a price-to-earnings ratio of 12.63 and a beta of 1.57. The firm has a 50-day moving average price of $51.16 and a two-hundred day moving average price of $55.71. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. Occidental Petroleum Co. has a 52 week low of $47.20 and a 52 week high of $71.18.
Occidental Petroleum Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum's payout ratio is 22.92%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on OXY. UBS Group lowered their price objective on shares of Occidental Petroleum from $58.00 to $51.00 and set a "neutral" rating for the company in a research note on Monday. Evercore ISI reduced their target price on Occidental Petroleum from $67.00 to $63.00 and set an "underperform" rating for the company in a research note on Monday, September 30th. Wells Fargo & Company cut their price target on Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating on the stock in a report on Monday. Raymond James upped their target price on Occidental Petroleum from $77.00 to $78.00 and gave the stock a "strong-buy" rating in a research report on Thursday, November 21st. Finally, Stephens boosted their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $62.75.
View Our Latest Stock Analysis on OXY
About Occidental Petroleum
(
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.
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