Qsemble Capital Management LP Takes $2.05 Million Position in Occidental Petroleum Co. (NYSE:OXY)

Qsemble Capital Management LP bought a new position in shares of Occidental Petroleum Co. (NYSE:OXYFree Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 34,254 shares of the oil and gas producer’s stock, valued at approximately $2,045,000.

Other institutional investors also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Occidental Petroleum in the third quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Occidental Petroleum in the third quarter valued at $27,000. TLW Wealth Management LLC purchased a new position in Occidental Petroleum in the fourth quarter valued at $28,000. Grove Bank & Trust grew its stake in Occidental Petroleum by 86.0% during the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 240 shares in the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in Occidental Petroleum during the 4th quarter worth about $34,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OXY. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Mizuho boosted their target price on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock a “neutral” rating in a research note on Wednesday. Susquehanna raised their target price on Occidental Petroleum from $70.00 to $81.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. HSBC assumed coverage on shares of Occidental Petroleum in a research report on Monday, April 8th. They issued a “hold” rating and a $65.00 price target for the company. Finally, Morgan Stanley raised their price objective on Occidental Petroleum from $66.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.88.

View Our Latest Stock Analysis on OXY

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded down $0.67 during mid-day trading on Friday, hitting $63.57. 6,540,351 shares of the company were exchanged, compared to its average volume of 7,521,413. The company has a quick ratio of 0.69, a current ratio of 0.95 and a debt-to-equity ratio of 0.82. The firm has a market cap of $56.36 billion, a price-to-earnings ratio of 17.37 and a beta of 1.64. The stock has a 50 day simple moving average of $65.17 and a 200-day simple moving average of $61.38. Occidental Petroleum Co. has a 1-year low of $55.12 and a 1-year high of $71.18.

Occidental Petroleum (NYSE:OXYGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Occidental Petroleum had a return on equity of 17.50% and a net margin of 15.62%. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.70 billion. During the same period in the previous year, the business earned $1.09 earnings per share. The company’s revenue for the quarter was down 17.2% compared to the same quarter last year. On average, sell-side analysts forecast that Occidental Petroleum Co. will post 3.86 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.88 annualized dividend and a yield of 1.38%. Occidental Petroleum’s payout ratio is currently 24.04%.

Occidental Petroleum Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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