Liberty One Investment Management LLC Has $290,000 Stock Holdings in Occidental Petroleum Corporation $OXY

Liberty One Investment Management LLC boosted its position in Occidental Petroleum Corporation (NYSE:OXY) by 21.5% during the second quarter, Holdings Channel reports. The institutional investor owned 6,908 shares of the oil and gas producer’s stock after purchasing an additional 1,223 shares during the quarter. Liberty One Investment Management LLC’s holdings in Occidental Petroleum were worth $290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OXY. Vanguard Group Inc. raised its position in Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock valued at $3,960,202,000 after buying an additional 12,107,285 shares during the last quarter. Nuveen LLC acquired a new position in shares of Occidental Petroleum during the 1st quarter worth approximately $99,853,000. Dimensional Fund Advisors LP increased its position in shares of Occidental Petroleum by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock worth $401,162,000 after purchasing an additional 710,220 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of Occidental Petroleum by 926.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 777,564 shares of the oil and gas producer’s stock worth $38,381,000 after purchasing an additional 701,846 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Occidental Petroleum during the 2nd quarter worth approximately $28,584,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $40.93 on Wednesday. The firm has a 50-day moving average of $45.34 and a 200-day moving average of $43.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05. The stock has a market cap of $40.29 billion, a PE ratio of 24.22 and a beta of 0.95. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $53.20.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. Occidental Petroleum’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 EPS. On average, sell-side analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 56.80%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Piper Sandler lowered their price target on Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday. UBS Group lowered their price target on Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Bank of America boosted their price target on Occidental Petroleum from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on Occidental Petroleum from $49.00 to $50.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $52.26.

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, 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.