Jefferies Financial Group Inc. Has $340,000 Stake in Occidental Petroleum Corporation $OXY

Jefferies Financial Group Inc. trimmed its stake in Occidental Petroleum Corporation (NYSE:OXY) by 64.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,102 shares of the oil and gas producer’s stock after selling 14,715 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Occidental Petroleum were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Occidental Petroleum by 17.8% in the first quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after acquiring an additional 12,107,285 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Occidental Petroleum by 22.0% in the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock valued at $756,796,000 after purchasing an additional 3,267,269 shares during the last quarter. Nuveen LLC acquired a new position in Occidental Petroleum during the first quarter worth $99,853,000. Dimensional Fund Advisors LP raised its holdings in Occidental Petroleum by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock valued at $401,162,000 after buying an additional 710,220 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Occidental Petroleum by 926.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 777,564 shares of the oil and gas producer’s stock worth $38,381,000 after acquiring an additional 701,846 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $41.95 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83. The company has a market cap of $41.33 billion, a PE ratio of 24.82 and a beta of 0.91. The firm has a fifty day moving average price of $42.81 and a two-hundred day moving average price of $43.77. 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 Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the business earned $1.00 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 70.59%.

Wall Street Analysts Forecast Growth

OXY has been the topic of a number of recent analyst reports. Piper Sandler cut their price objective on Occidental Petroleum from $47.00 to $46.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Susquehanna lifted their price target on shares of Occidental Petroleum from $54.00 to $55.00 and gave the company a “positive” rating in a research report on Thursday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Occidental Petroleum from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Wall Street Zen downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Roth Capital raised their price target on Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $50.52.

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.