57,427 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Duality Advisers LP

Duality Advisers LP bought a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 57,427 shares of the oil and gas producer’s stock, valued at approximately $3,429,000.

A number of other hedge funds have also bought and sold shares of OXY. Bank of New York Mellon Corp boosted its position in shares of Occidental Petroleum by 24.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,021,929 shares of the oil and gas producer’s stock valued at $779,983,000 after acquiring an additional 2,334,651 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Occidental Petroleum by 22.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock worth $357,977,000 after purchasing an additional 1,088,052 shares during the period. Invesco Ltd. increased its position in shares of Occidental Petroleum by 2.8% in the third quarter. Invesco Ltd. now owns 4,665,494 shares of the oil and gas producer’s stock valued at $302,697,000 after buying an additional 125,927 shares in the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in shares of Occidental Petroleum by 51.7% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock worth $139,749,000 after acquiring an additional 797,894 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Occidental Petroleum by 600.4% in the third quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock worth $145,520,000 after acquiring an additional 1,922,656 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

OXY has been the topic of several recent analyst reports. Mizuho upped their price target on Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Morgan Stanley upped their price target on Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Stephens restated an “overweight” rating and set a $74.00 price target on shares of Occidental Petroleum in a report on Thursday, February 15th. HSBC assumed coverage on Occidental Petroleum in a report on Monday, April 8th. They set a “hold” rating and a $65.00 price target on the stock. Finally, Raymond James dropped their price objective on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a report on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.94.

Occidental Petroleum Stock Up 0.6 %

Shares of OXY stock opened at $67.01 on Tuesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.92. The firm’s 50-day moving average is $63.57 and its 200-day moving average is $61.21. The stock has a market cap of $59.40 billion, a price-to-earnings ratio of 17.14 and a beta of 1.64. Occidental Petroleum Co. has a 52-week low of $55.12 and a 52-week high of $71.18.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the firm earned $1.61 EPS. Occidental Petroleum’s quarterly revenue was down 9.6% compared to the same quarter last year. Sell-side analysts predict that Occidental Petroleum Co. will post 3.82 EPS for the current year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 8th were paid a $0.22 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.88 dividend on an annualized basis and a yield of 1.31%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.18. Occidental Petroleum’s dividend payout ratio is 22.51%.

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.