Diversify Wealth Management LLC Has $1.61 Million Stock Holdings in Occidental Petroleum Corporation $OXY

Diversify Wealth Management LLC increased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 108.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,531 shares of the oil and gas producer’s stock after buying an additional 13,826 shares during the period. Diversify Wealth Management LLC’s holdings in Occidental Petroleum were worth $1,612,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Occidental Petroleum by 12.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,765 shares of the oil and gas producer’s stock worth $111,000 after acquiring an additional 196 shares during the period. Athena Wealth Management LLC grew its position in shares of Occidental Petroleum by 1.2% in the first quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock valued at $1,206,000 after purchasing an additional 214 shares during the last quarter. Carrera Capital Advisors increased its stake in shares of Occidental Petroleum by 0.5% during the fourth quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after purchasing an additional 227 shares during the period. Summit Securities Group LLC lifted its holdings in Occidental Petroleum by 18.5% during the 4th quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock worth $60,000 after purchasing an additional 229 shares during the last quarter. Finally, Apella Capital LLC lifted its holdings in Occidental Petroleum by 3.4% during the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock worth $289,000 after purchasing an additional 233 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

OXY has been the topic of a number of research reports. Weiss Ratings lowered Occidental Petroleum from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Capital One Financial boosted their target price on shares of Occidental Petroleum from $67.00 to $70.00 in a research report on Wednesday, May 27th. Evercore upgraded shares of Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $65.00 price target on the stock in a research note on Wednesday, July 8th. Mizuho raised their price target on shares of Occidental Petroleum from $72.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Finally, Scotiabank lifted their price objective on shares of Occidental Petroleum from $46.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.26.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $54.60 on Wednesday. The company has a market cap of $54.31 billion, a price-to-earnings ratio of 13.75 and a beta of 0.15. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. The stock has a fifty day moving average price of $54.80 and a 200-day moving average price of $52.75.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The company had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.Occidental Petroleum’s revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.14 earnings per share. As a group, equities analysts anticipate that Occidental Petroleum Corporation will post 5.93 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 26.20%.

Insider Buying and Selling

In other news, CEO Richard A. Jackson bought 4,770 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the transaction, the chief executive officer owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Occidental Petroleum Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.