Certified Advisory Corp Has $712,000 Holdings in Occidental Petroleum Corporation (NYSE:OXY)

Certified Advisory Corp boosted its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,434 shares of the oil and gas producer’s stock after acquiring an additional 4,801 shares during the period. Certified Advisory Corp’s holdings in Occidental Petroleum were worth $712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OXY. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum during the 4th quarter worth about $26,000. Bernard Wealth Management Corp. acquired a new stake in Occidental Petroleum in the 4th quarter valued at approximately $32,000. Grove Bank & Trust increased its position in Occidental Petroleum by 129.2% in the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 407 shares during the period. American National Bank & Trust acquired a new position in shares of Occidental Petroleum during the first quarter worth approximately $39,000. Finally, Quarry LP boosted its position in shares of Occidental Petroleum by 615.2% in the fourth quarter. Quarry LP now owns 987 shares of the oil and gas producer’s stock valued at $49,000 after acquiring an additional 849 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $43.38 on Friday. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $59.31. The company has a 50 day moving average of $43.73 and a 200-day moving average of $44.67. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90. The firm has a market cap of $42.69 billion, a price-to-earnings ratio of 17.63 and a beta of 0.91.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. The firm had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period last year, the firm posted $0.63 EPS. On average, equities analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.2%. Occidental Petroleum’s dividend payout ratio is currently 39.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OXY shares. Stephens dropped their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 15th. TD Cowen lowered shares of Occidental Petroleum from a “buy” rating to a “hold” rating and cut their price objective for the company from $68.00 to $45.00 in a research report on Tuesday, April 8th. UBS Group decreased their target price on Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Finally, Scotiabank boosted their price target on Occidental Petroleum from $40.00 to $45.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $53.71.

Occidental Petroleum Profile

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.