Occidental Petroleum Corporation $OXY Shares Bought by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,531 shares of the oil and gas producer’s stock after acquiring an additional 1,884 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Occidental Petroleum were worth $1,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OXY. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Occidental Petroleum during the 2nd quarter valued at $27,000. Hantz Financial Services Inc. lifted its holdings in shares of Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 788 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Occidental Petroleum in the 1st quarter valued at $39,000. MeadowBrook Investment Advisors LLC increased its stake in Occidental Petroleum by 371.7% in the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 788 shares in the last quarter. Finally, Spectrum Wealth Counsel LLC raised its holdings in Occidental Petroleum by 5,000.0% during the 1st quarter. Spectrum Wealth Counsel LLC now owns 1,020 shares of the oil and gas producer’s stock worth $50,000 after buying an additional 1,000 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OXY has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a research note on Wednesday, October 8th. Susquehanna decreased their target price on Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating for the company in a research report on Monday, October 20th. Hsbc Global Res raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Roth Capital raised their price objective on Occidental Petroleum from $45.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Finally, Piper Sandler dropped their target price on Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $52.26.

Occidental Petroleum Trading Up 2.4%

Shares of NYSE:OXY opened at $41.26 on Friday. The business’s 50 day simple moving average is $44.22 and its 200 day simple moving average is $43.63. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83. The company has a market capitalization of $40.62 billion, a P/E ratio of 24.42 and a beta of 0.91.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The firm’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. On average, research analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be issued 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 is Wednesday, December 10th. Occidental Petroleum’s payout ratio is 56.80%.

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.