Universal Beteiligungs und Servicegesellschaft mbH Acquires 19,953 Shares of Occidental Petroleum Corporation $OXY

Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,811 shares of the oil and gas producer’s stock after acquiring an additional 19,953 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Occidental Petroleum were worth $10,103,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in Occidental Petroleum during the second quarter worth $27,000. City Holding Co. boosted its holdings in shares of Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after buying an additional 500 shares during the period. Hantz Financial Services Inc. grew its stake in 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 buying an additional 788 shares during the last quarter. GoalVest Advisory LLC bought a new position in Occidental Petroleum in the 3rd quarter valued at about $38,000. Finally, MeadowBrook Investment Advisors LLC lifted its position in Occidental Petroleum by 371.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after acquiring an additional 788 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction on Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director owned 218,913 shares in the company, valued at $8,533,228.74. This trade represents a 2.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Up 2.3%

OXY stock opened at $44.13 on Friday. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 week high of $52.58. The business has a 50-day simple moving average of $41.66 and a 200 day simple moving average of $43.35. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The company has a market cap of $43.47 billion, a PE ratio of 32.45 and a beta of 0.38.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, beating the consensus estimate of $0.48 by $0.16. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.66 billion. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. Sell-side analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date was Wednesday, December 10th. Occidental Petroleum’s payout ratio is currently 70.59%.

Analyst Ratings Changes

Several research firms have recently commented on OXY. Evercore ISI decreased their target price on Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating on the stock in a research report on Friday, October 3rd. Mizuho lifted their target price on Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 20th. Finally, Scotiabank dropped their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and an average price target of $47.57.

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.