Everett Harris & Co. CA Has $364,000 Stock Position in Occidental Petroleum Corporation (NYSE:OXY)

Everett Harris & Co. CA boosted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 10.4% during the first quarter, Holdings Channel reports. The institutional investor owned 7,372 shares of the oil and gas producer’s stock after buying an additional 695 shares during the period. Everett Harris & Co. CA’s holdings in Occidental Petroleum were worth $364,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Occidental Petroleum in the 1st quarter valued at about $1,274,000. Kestra Private Wealth Services LLC grew its stake in Occidental Petroleum by 5.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 17,086 shares of the oil and gas producer’s stock valued at $843,000 after buying an additional 906 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Occidental Petroleum by 9.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,596,699 shares of the oil and gas producer’s stock worth $78,813,000 after purchasing an additional 140,528 shares in the last quarter. Northern Trust Corp grew its position in shares of Occidental Petroleum by 7.5% during the 4th quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer’s stock worth $349,085,000 after purchasing an additional 491,797 shares in the last quarter. Finally, swisspartners Advisors Ltd acquired a new position in shares of Occidental Petroleum during the 1st quarter worth approximately $6,006,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of analyst reports. Hsbc Global Res upgraded shares of Occidental Petroleum to a “hold” rating in a research report on Wednesday, April 16th. Scotiabank increased their target price on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. UBS Group decreased their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Piper Sandler increased their target price on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Wells Fargo & Company decreased their target price on shares of Occidental Petroleum from $47.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $53.71.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $44.31 on Friday. The company has a market cap of $43.62 billion, a price-to-earnings ratio of 26.22 and a beta of 0.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.79. The firm has a 50 day simple moving average of $43.94 and a 200 day simple moving average of $44.37. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $59.11.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. Research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 56.80%.

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.