Tidal Investments LLC grew its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 67.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,025 shares of the oil and gas producer's stock after purchasing an additional 32,356 shares during the period. Tidal Investments LLC's holdings in Occidental Petroleum were worth $4,124,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Occidental Petroleum by 2.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer's stock worth $573,000 after acquiring an additional 175 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in 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 worth $1,735,000 after buying an additional 176 shares during the period. Raymond James Trust N.A. raised its stake in shares of 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 purchasing an additional 182 shares during the period. Gateway Advisory LLC increased its position in shares of 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 acquiring an additional 184 shares during the last quarter. Finally, Joule Financial LLC increased its position in shares of Occidental Petroleum by 2.5% in the second quarter. Joule Financial LLC now owns 7,863 shares of the oil and gas producer's stock valued at $497,000 after acquiring an additional 191 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
Occidental Petroleum Stock Down 1.1 %
OXY stock traded down $0.55 during midday trading on Friday, reaching $47.64. 10,414,890 shares of the company's stock traded hands, compared to its average volume of 9,408,375. The company has a market cap of $44.70 billion, a price-to-earnings ratio of 12.41 and a beta of 1.57. The firm's fifty day moving average price is $50.87 and its 200-day moving average price is $55.52. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 52 week low of $47.20 and a 52 week high of $71.18.
Occidental Petroleum Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum's payout ratio is 22.92%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Raymond James boosted their price target on Occidental Petroleum from $77.00 to $78.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. Truist Financial lowered their target price on Occidental Petroleum from $65.00 to $56.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Barclays reduced their target price on Occidental Petroleum from $67.00 to $58.00 and set an "equal weight" rating for the company in a research note on Thursday, October 3rd. Susquehanna dropped their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a research report on Thursday, November 14th. Finally, Stephens lifted their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Occidental Petroleum currently has a consensus rating of "Hold" and an average target price of $62.75.
Read Our Latest Research Report on Occidental Petroleum
Occidental Petroleum Profile
(
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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