4,106 Shares in Occidental Petroleum Co. (NYSE:OXY) Bought by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC purchased a new stake in Occidental Petroleum Co. (NYSE:OXY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,106 shares of the oil and gas producer’s stock, valued at approximately $212,000.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC boosted its position in Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Occidental Petroleum in the 1st quarter valued at approximately $44,000. LRI Investments LLC bought a new position in shares of Occidental Petroleum in the first quarter valued at $44,000. Exchange Traded Concepts LLC acquired a new position in Occidental Petroleum during the third quarter worth $87,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Occidental Petroleum during the second quarter worth $110,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America began coverage on shares of Occidental Petroleum in a research note on Thursday, October 17th. They set a “neutral” rating and a $57.00 price objective on the stock. Truist Financial dropped their price objective on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. UBS Group decreased their target price on Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Barclays cut their price objective on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $65.72.

Insider Activity

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the completion of the transaction, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Occidental Petroleum Trading Down 0.4 %

Shares of Occidental Petroleum stock opened at $51.21 on Friday. Occidental Petroleum Co. has a 12-month low of $49.51 and a 12-month high of $71.18. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 12.61 and a beta of 1.58. The company has a quick ratio of 0.75, a current ratio of 1.04 and a debt-to-equity ratio of 0.77. The firm’s 50-day moving average price is $52.44 and its two-hundred day moving average price is $58.25.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. Occidental Petroleum’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS. On average, analysts forecast that Occidental Petroleum Co. will post 3.29 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.72%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 21.67%.

About Occidental Petroleum

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.