National Pension Service boosted its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 6.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 770,198 shares of the oil and gas producer’s stock after purchasing an additional 43,607 shares during the period. National Pension Service owned approximately 0.10% of Occidental Petroleum worth $51,272,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 62,477,713 shares of the oil and gas producer’s stock valued at $5,133,793,000 after acquiring an additional 1,370,841 shares during the period. Vanguard Group Inc lifted its stake in Occidental Petroleum by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 62,477,713 shares of the oil and gas producer’s stock valued at $5,133,793,000 after buying an additional 1,370,841 shares in the last quarter. Capital World Investors lifted its stake in Occidental Petroleum by 9.6% in the 3rd quarter. Capital World Investors now owns 23,423,802 shares of the oil and gas producer’s stock valued at $1,924,734,000 after buying an additional 2,056,863 shares in the last quarter. Northern Trust Corp lifted its stake in Occidental Petroleum by 2.6% in the 4th quarter. Northern Trust Corp now owns 9,890,631 shares of the oil and gas producer’s stock valued at $607,087,000 after buying an additional 246,720 shares in the last quarter. Finally, Dodge & Cox lifted its stake in Occidental Petroleum by 58.7% in the 3rd quarter. Dodge & Cox now owns 9,887,895 shares of the oil and gas producer’s stock valued at $812,488,000 after buying an additional 3,656,670 shares in the last quarter. 84.32% of the stock is currently owned by institutional investors.
OXY traded down $1.97 on Monday, reaching $63.36. The company had a trading volume of 11,412,997 shares, compared to its average volume of 4,460,123. Occidental Petroleum Co. has a 1 year low of $56.83 and a 1 year high of $87.67. The stock has a market cap of $48.86 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 1.30 and a beta of 0.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.17.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 11th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.12 dividend on an annualized basis and a yield of 4.92%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 62.28%.
OXY has been the topic of a number of research reports. Atlantic Securities raised shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and set a $85.00 target price on the stock in a research note on Friday, December 21st. Capital One Financial lowered shares of Occidental Petroleum from an “overweight” rating to an “equal weight” rating in a research note on Thursday, December 20th. Barclays lowered shares of Occidental Petroleum from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $77.00 to $70.00 in a research report on Friday, February 15th. KeyCorp started coverage on shares of Occidental Petroleum in a research report on Thursday, December 20th. They set an “overweight” rating and a $75.00 price target on the stock. Finally, Morgan Stanley set a $72.00 target price on shares of Occidental Petroleum and gave the company a “buy” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Occidental Petroleum currently has an average rating of “Buy” and a consensus price target of $84.56.
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Occidental Petroleum Company Profile
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls.
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