HighPoint Advisor Group LLC grew its position in Occidental Petroleum (NYSE:OXY) by 47.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,831 shares of the oil and gas producer’s stock after acquiring an additional 4,437 shares during the period. HighPoint Advisor Group LLC’s holdings in Occidental Petroleum were worth $964,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Goodman Financial Corp acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $116,000. Trustcore Financial Services LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $153,000. Field & Main Bank bought a new stake in Occidental Petroleum in the 4th quarter valued at $166,000. Optimum Investment Advisors bought a new stake in Occidental Petroleum in the 3rd quarter valued at $200,000. Finally, Cetera Advisors LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $201,000. 82.68% of the stock is owned by institutional investors.
Shares of Occidental Petroleum (NYSE OXY) opened at $64.49 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.12. Occidental Petroleum has a 52-week low of $57.20 and a 52-week high of $78.09. The company has a market cap of $49,313.83, a PE ratio of 37.22, a price-to-earnings-growth ratio of 3.80 and a beta of 0.64.
Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the firm posted ($0.13) EPS. sell-side analysts anticipate that Occidental Petroleum will post 2.61 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 annualized dividend and a yield of 4.78%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 180.12%.
Several equities research analysts recently commented on the stock. Zacks Investment Research cut shares of Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 13th. UBS assumed coverage on shares of Occidental Petroleum in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 price objective on the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $75.00 price objective on shares of Occidental Petroleum in a research report on Tuesday, February 27th. Scotiabank reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Finally, Mizuho set a $71.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research report on Friday, November 24th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $71.56.
Occidental Petroleum Company Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum (NYSE:OXY).
Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.