IRON Financial LLC Takes $885,000 Position in Occidental Petroleum Corporation $OXY

IRON Financial LLC bought a new stake in Occidental Petroleum Corporation (NYSE:OXY) during the third quarter, according to its most recent filing with the SEC. The firm bought 18,723 shares of the oil and gas producer’s stock, valued at approximately $885,000.

A number of other institutional investors also recently added to or reduced their stakes in OXY. University of Texas Texas AM Investment Management Co. acquired a new stake in Occidental Petroleum in the 2nd quarter valued at about $27,000. City Holding Co. boosted its holdings in shares of Occidental Petroleum by 250.0% in the third quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 788 shares during the period. GoalVest Advisory LLC acquired a new position in Occidental Petroleum during the 3rd quarter worth approximately $38,000. Finally, MeadowBrook Investment Advisors LLC lifted 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 buying an additional 788 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was acquired at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Trading Down 0.9%

NYSE:OXY opened at $42.86 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market cap of $42.23 billion, a P/E ratio of 31.51 and a beta of 0.38. The firm’s fifty day moving average is $41.27 and its 200-day moving average is $43.36. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue was down 6.1% compared to the same quarter last year. Equities analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 70.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on OXY. Hsbc Global Res upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Morgan Stanley decreased their target price on shares of Occidental Petroleum from $52.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 20th. Mizuho raised their price target on Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Wall Street Zen downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday. Finally, HSBC dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.95.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.