Transamerica Financial Advisors Inc. Acquires New Holdings in Occidental Petroleum Co. (NYSE:OXY)

Transamerica Financial Advisors Inc. acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 962 shares of the oil and gas producer’s stock, valued at approximately $50,000.

A number of other large investors have also added to or reduced their stakes in OXY. Himalaya Capital Management LLC bought a new position in Occidental Petroleum in the 2nd quarter valued at approximately $92,433,000. Sarasin & Partners LLP bought a new position in Occidental Petroleum in the 2nd quarter valued at approximately $63,880,000. Scharf Investments LLC acquired a new stake in Occidental Petroleum during the 2nd quarter valued at approximately $42,744,000. American Century Companies Inc. increased its position in Occidental Petroleum by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock valued at $233,687,000 after purchasing an additional 532,318 shares during the period. Finally, Cooke & Bieler LP increased its position in Occidental Petroleum by 53.1% during the 2nd quarter. Cooke & Bieler LP now owns 1,450,064 shares of the oil and gas producer’s stock valued at $91,398,000 after purchasing an additional 503,173 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $50.34 on Thursday. The company has a fifty day simple moving average of $51.70 and a 200 day simple moving average of $56.67. Occidental Petroleum Co. has a 12-month low of $48.42 and a 12-month high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The company has a market cap of $47.24 billion, a P/E ratio of 13.11 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Bank of America assumed coverage on shares of Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 target price for the company. Truist Financial decreased their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Wells Fargo & Company decreased their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Scotiabank decreased their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, Citigroup reduced their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus target price of $63.25.

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.