Charles Schwab Investment Management Inc. Has $220.91 Million Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Charles Schwab Investment Management Inc. increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,699,722 shares of the oil and gas producer’s stock after buying an additional 82,360 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.42% of Occidental Petroleum worth $220,910,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its stake in Occidental Petroleum by 8.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 156,279 shares of the oil and gas producer’s stock worth $10,139,000 after purchasing an additional 12,349 shares during the period. SeaCrest Wealth Management LLC grew its holdings in shares of Occidental Petroleum by 8.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 5,825 shares of the oil and gas producer’s stock worth $343,000 after buying an additional 474 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in Occidental Petroleum in the 4th quarter valued at approximately $1,006,000. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Occidental Petroleum in the 3rd quarter valued at approximately $29,665,000. Finally, Koshinski Asset Management Inc. boosted its position in Occidental Petroleum by 53.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 48,179 shares of the oil and gas producer’s stock worth $2,877,000 after acquiring an additional 16,871 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OXY shares. Susquehanna boosted their price objective on shares of Occidental Petroleum from $70.00 to $81.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Barclays started coverage on Occidental Petroleum in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price target for the company. HSBC began coverage on Occidental Petroleum in a research report on Monday, April 8th. They set a “hold” rating and a $65.00 price target on the stock. Finally, Scotiabank raised Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $63.00 to $90.00 in a report on Thursday, April 11th. Nine analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.00.

Occidental Petroleum Stock Down 2.1 %

OXY opened at $63.69 on Thursday. Occidental Petroleum Co. has a fifty-two week low of $55.12 and a fifty-two week high of $71.18. The company has a market capitalization of $56.46 billion, a P/E ratio of 16.29 and a beta of 1.64. The stock has a fifty day moving average of $64.98 and a 200-day moving average of $61.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.92.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.70 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The firm’s revenue for the quarter was down 17.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 earnings per share. On average, equities analysts expect that Occidental Petroleum Co. will post 3.81 EPS for the current year.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.88 annualized dividend and a yield of 1.38%. Occidental Petroleum’s dividend payout ratio is currently 22.51%.

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.