150,238 Shares in Occidental Petroleum Co. (NYSE:OXY) Purchased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC bought a new position in Occidental Petroleum Co. (NYSE:OXY) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 150,238 shares of the oil and gas producer’s stock, valued at approximately $7,743,000.

A number of other institutional investors have also bought and sold shares of OXY. Pitcairn Co. boosted its stake in Occidental Petroleum by 6.2% during the first quarter. Pitcairn Co. now owns 4,490 shares of the oil and gas producer’s stock worth $292,000 after buying an additional 264 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Occidental Petroleum by 14.2% in the 1st quarter. Advisors Asset Management Inc. now owns 33,180 shares of the oil and gas producer’s stock valued at $2,156,000 after acquiring an additional 4,125 shares during the period. 1832 Asset Management L.P. lifted its stake in Occidental Petroleum by 42.8% during the 1st quarter. 1832 Asset Management L.P. now owns 59,634 shares of the oil and gas producer’s stock worth $3,876,000 after acquiring an additional 17,867 shares in the last quarter. LRI Investments LLC acquired a new stake in Occidental Petroleum during the 1st quarter worth approximately $51,000. Finally, Lazard Asset Management LLC boosted its holdings in Occidental Petroleum by 5.0% in the first quarter. Lazard Asset Management LLC now owns 12,470 shares of the oil and gas producer’s stock valued at $809,000 after purchasing an additional 589 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OXY shares. Susquehanna decreased their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research note on Thursday, November 14th. Bank of America began coverage on Occidental Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price target on the stock. Scotiabank lowered their price objective on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Stephens boosted their target price on Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $56.00 price objective on shares of Occidental Petroleum in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $63.70.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $51.54 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum Co. has a one year low of $48.42 and a one year high of $71.18. The company has a 50-day simple moving average of $51.77 and a 200-day simple moving average of $57.11. The stock has a market capitalization of $48.36 billion, a price-to-earnings ratio of 13.42 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.71%. Occidental Petroleum’s payout ratio is 22.92%.

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.