North Capital Inc. Purchases 2,000 Shares of Occidental Petroleum Corporation $OXY

North Capital Inc. grew its position in Occidental Petroleum Corporation (NYSE:OXY) by 611.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,327 shares of the oil and gas producer’s stock after buying an additional 2,000 shares during the period. North Capital Inc.’s holdings in Occidental Petroleum were worth $98,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Occidental Petroleum during the 2nd quarter valued at $27,000. Hantz Financial Services Inc. increased its holdings in shares of Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 788 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Occidental Petroleum in the 1st quarter valued at approximately $39,000. MeadowBrook Investment Advisors LLC grew its position in Occidental Petroleum by 371.7% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 788 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC increased its stake in Occidental Petroleum by 5,000.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 1,020 shares of the oil and gas producer’s stock valued at $50,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Hsbc Global Res raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Roth Capital increased their price objective on Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. Scotiabank lifted their target price on Occidental Petroleum from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a report on Wednesday, October 8th. Finally, Mizuho upgraded shares of Occidental Petroleum from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $58.00 to $60.00 in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.26.

Occidental Petroleum Stock Performance

OXY opened at $40.29 on Friday. The firm has a fifty day moving average price of $44.35 and a 200 day moving average price of $43.61. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The stock has a market cap of $39.66 billion, a P/E ratio of 23.84 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 0.83.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.29 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 10th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.4%. Occidental Petroleum’s dividend payout ratio is currently 56.80%.

About Occidental Petroleum

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.