Investidor Profissional Gestao de Recursos Ltda. Takes Position in Occidental Petroleum Co. (NYSE:OXY)

Investidor Profissional Gestao de Recursos Ltda. purchased a new position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,623 shares of the oil and gas producer's stock, valued at approximately $1,011,000. Occidental Petroleum accounts for approximately 0.5% of Investidor Profissional Gestao de Recursos Ltda.'s investment portfolio, making the stock its 15th largest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at $1,360,000. Swiss National Bank lifted its holdings in Occidental Petroleum by 0.3% during 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 during the last quarter. S&CO Inc. boosted its position in Occidental Petroleum by 28.4% in the third quarter. S&CO Inc. now owns 83,505 shares of the oil and gas producer's stock valued at $4,303,000 after buying an additional 18,470 shares in the last quarter. LJI Wealth Management LLC bought a new stake in Occidental Petroleum during the third quarter worth about $662,000. Finally, Meridian Investment Counsel Inc. increased its holdings in shares of Occidental Petroleum by 53.8% during the third quarter. Meridian Investment Counsel Inc. now owns 12,300 shares of the oil and gas producer's stock worth $634,000 after buying an additional 4,300 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Up 2.2 %

Shares of Occidental Petroleum stock traded up $1.09 on Monday, hitting $51.06. The company had a trading volume of 8,292,354 shares, compared to its average volume of 9,373,533. Occidental Petroleum Co. has a twelve month low of $48.42 and a twelve month 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 0.75. The stock has a 50-day moving average of $51.80 and a 200-day moving average of $57.38. The firm has a market capitalization of $47.91 billion, a P/E ratio of 13.34 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The company 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 dividend yield of 1.72%. Occidental Petroleum's payout ratio is presently 22.92%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OXY shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Evercore ISI lowered 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. Wolfe Research upped their price target on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. TD Cowen lowered their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Tuesday, November 12th. Finally, StockNews.com upgraded shares of Occidental Petroleum from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. One research 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. According to MarketBeat.com, Occidental Petroleum presently has an average rating of "Hold" and a consensus price target of $63.65.

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.