H&H International Investment LLC Buys 7,680,598 Shares of Occidental Petroleum Co. (NYSE:OXY)

H&H International Investment LLC lifted its stake in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 497.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,223,700 shares of the oil and gas producer's stock after purchasing an additional 7,680,598 shares during the quarter. Occidental Petroleum accounts for about 2.9% of H&H International Investment LLC's holdings, making the stock its 6th largest position. H&H International Investment LLC owned about 0.98% of Occidental Petroleum worth $475,389,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OXY. Cetera Advisors LLC raised its position in Occidental Petroleum by 48.1% during the 1st quarter. Cetera Advisors LLC now owns 44,813 shares of the oil and gas producer's stock valued at $2,912,000 after purchasing an additional 14,546 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Occidental Petroleum by 44.9% in the second quarter. GAMMA Investing LLC now owns 5,193 shares of the oil and gas producer's stock worth $327,000 after buying an additional 1,610 shares in the last quarter. Apella Capital LLC lifted its position in shares of Occidental Petroleum by 6.2% in the second quarter. Apella Capital LLC now owns 3,602 shares of the oil and gas producer's stock worth $220,000 after buying an additional 211 shares in the last quarter. Simplicity Wealth LLC increased its stake in Occidental Petroleum by 6.8% during the second quarter. Simplicity Wealth LLC now owns 9,764 shares of the oil and gas producer's stock worth $615,000 after acquiring an additional 619 shares during the last quarter. Finally, Csenge Advisory Group grew its stake in shares of Occidental Petroleum by 15.8% during the second quarter. Csenge Advisory Group now owns 4,391 shares of the oil and gas producer's stock valued at $277,000 after buying an additional 600 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Stock Down 0.1 %

OXY traded down $0.04 during trading hours on Tuesday, reaching $50.38. 6,346,870 shares of the stock traded hands, compared to its average volume of 9,340,384. The firm's fifty day simple moving average is $51.56 and its two-hundred day simple moving average is $56.27. The company has a market cap of $47.27 billion, a price-to-earnings ratio of 13.12 and a beta of 1.57. Occidental Petroleum Co. has a fifty-two week low of $48.42 and a fifty-two week high of $71.18. 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 Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.75%. Occidental Petroleum's payout ratio is currently 22.92%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America began coverage on Occidental Petroleum in a report on Thursday, October 17th. They set a "neutral" rating and a $57.00 target price for the company. Jefferies Financial Group increased their price target on Occidental Petroleum from $53.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Stephens raised 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. Truist Financial decreased their price target on shares of Occidental Petroleum from $65.00 to $56.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Finally, Wells Fargo & Company reduced their price target on shares of Occidental Petroleum from $65.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Occidental Petroleum presently has an average rating of "Hold" and an average target price of $63.25.

Occidental Petroleum 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.