FSM Wealth Advisors LLC Buys 480 Shares of Occidental Petroleum Corporation $OXY

FSM Wealth Advisors LLC raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 11.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,658 shares of the oil and gas producer’s stock after purchasing an additional 480 shares during the quarter. FSM Wealth Advisors LLC’s holdings in Occidental Petroleum were worth $202,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Bleakley Financial Group LLC acquired a new stake in Occidental Petroleum during the second quarter worth about $599,000. Farley Capital L.P. lifted its position in shares of Occidental Petroleum by 17.3% in the 2nd quarter. Farley Capital L.P. now owns 14,804 shares of the oil and gas producer’s stock worth $622,000 after acquiring an additional 2,188 shares during the period. Ethic Inc. grew its holdings in shares of Occidental Petroleum by 49.4% during the 2nd quarter. Ethic Inc. now owns 18,380 shares of the oil and gas producer’s stock worth $783,000 after purchasing an additional 6,078 shares in the last quarter. Adams Natural Resources Fund Inc. increased its position in shares of Occidental Petroleum by 1,642.6% during the second quarter. Adams Natural Resources Fund Inc. now owns 128,951 shares of the oil and gas producer’s stock valued at $5,417,000 after purchasing an additional 121,551 shares during the period. Finally, Brookstone Capital Management raised its stake in shares of Occidental Petroleum by 34.0% in the second quarter. Brookstone Capital Management now owns 16,968 shares of the oil and gas producer’s stock valued at $713,000 after purchasing an additional 4,301 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $42.60 on Friday. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $53.20. The company has a 50 day moving average of $45.21 and a 200-day moving average of $43.44. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm has a market cap of $41.94 billion, a price-to-earnings ratio of 25.21 and a beta of 0.95.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.29 billion. During the same period in the previous year, the business earned $1.03 EPS. Occidental Petroleum’s revenue was down 6.1% compared to the same quarter last year. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio is presently 56.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on OXY shares. Melius Research assumed coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They issued a “hold” rating and a $64.00 price target on the stock. UBS Group decreased their target price on shares of Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Susquehanna lowered their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating on the stock in a research note on Monday, October 20th. Bank of America raised their price target on shares of Occidental Petroleum from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Mizuho upgraded Occidental Petroleum from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $58.00 to $60.00 in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $52.26.

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.