Nvwm LLC Acquires 1,562 Shares of Occidental Petroleum Corporation $OXY

Nvwm LLC grew its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 12.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,960 shares of the oil and gas producer’s stock after acquiring an additional 1,562 shares during the period. Nvwm LLC’s holdings in Occidental Petroleum were worth $586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after purchasing an additional 12,107,285 shares in the last quarter. H&H International Investment LLC raised its position in shares of Occidental Petroleum by 1.8% during the first quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock valued at $682,456,000 after buying an additional 249,100 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Occidental Petroleum by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock worth $401,162,000 after buying an additional 710,220 shares in the last quarter. Northern Trust Corp boosted its position in shares of Occidental Petroleum by 1.6% during the first quarter. Northern Trust Corp now owns 7,175,439 shares of the oil and gas producer’s stock worth $354,180,000 after acquiring an additional 110,378 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Occidental Petroleum by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,432,722 shares of the oil and gas producer’s stock valued at $218,799,000 after acquiring an additional 195,742 shares in 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 subject of several research reports. Piper Sandler dropped their price objective on shares of Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Susquehanna reduced their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating on the stock in a report on Monday, October 20th. UBS Group lowered their price target on shares of Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.26.

Occidental Petroleum Stock Performance

Occidental Petroleum stock opened at $41.26 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05. The company has a market capitalization of $40.62 billion, a PE ratio of 24.42 and a beta of 0.91. The company has a 50 day moving average price of $44.22 and a 200-day moving average price of $43.63. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $53.20.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.Occidental Petroleum’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 earnings per share. As a group, equities analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. Occidental Petroleum’s dividend payout ratio (DPR) 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.