S&CO Inc. Buys 18,470 Shares of Occidental Petroleum Co. (NYSE:OXY)

S&CO Inc. increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 28.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,505 shares of the oil and gas producer's stock after acquiring an additional 18,470 shares during the quarter. S&CO Inc.'s holdings in Occidental Petroleum were worth $4,303,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Stephens Inc. AR grew its position in Occidental Petroleum by 221.0% during the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer's stock valued at $777,000 after buying an additional 10,382 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Occidental Petroleum by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,482,049 shares of the oil and gas producer's stock valued at $76,385,000 after acquiring an additional 22,920 shares during the period. Czech National Bank raised its holdings in shares of Occidental Petroleum by 8.3% in the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer's stock worth $7,069,000 after purchasing an additional 10,456 shares during the period. Discovery Capital Management LLC CT purchased a new position in Occidental Petroleum in the second quarter valued at approximately $10,331,000. Finally, Janney Montgomery Scott LLC increased its position in Occidental Petroleum by 15.2% in the third quarter. Janney Montgomery Scott LLC now owns 221,970 shares of the oil and gas producer's stock worth $11,440,000 after buying an additional 29,344 shares during the last quarter. Institutional investors own 88.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wolfe Research increased their price target on Occidental Petroleum from $73.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. UBS Group reduced their price target on Occidental Petroleum from $70.00 to $59.00 and set a "neutral" rating for the company in a research report on Wednesday, September 18th. Bank of America initiated coverage on Occidental Petroleum in a report on Thursday, October 17th. They set a "neutral" rating and a $57.00 price objective on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Finally, Wells Fargo & Company cut their price objective 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. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.70.

Occidental Petroleum Trading Down 1.4 %

Shares of NYSE OXY traded down $0.70 during trading hours on Friday, hitting $49.97. The company's stock had a trading volume of 15,043,328 shares, compared to its average volume of 11,386,792. Occidental Petroleum Co. has a 12 month low of $48.42 and a 12 month high of $71.18. The stock has a market cap of $46.89 billion, a price-to-earnings ratio of 13.01 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.75 and a current ratio of 1.00. The business has a 50-day simple moving average of $51.80 and a 200-day simple moving average of $57.38.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.76%. Occidental Petroleum's dividend payout ratio (DPR) is presently 22.92%.

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.