4,711 Shares in Occidental Petroleum Co. (NYSE:OXY) Bought by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC acquired a new position in shares of Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,711 shares of the oil and gas producer’s stock, valued at approximately $281,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Occidental Petroleum during the third quarter worth $26,000. Orion Capital Management LLC acquired a new position in Occidental Petroleum during the third quarter worth $27,000. TLW Wealth Management LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $28,000. Grove Bank & Trust grew its holdings in Occidental Petroleum by 86.0% during the fourth quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock worth $31,000 after acquiring an additional 240 shares during the period. Finally, Resurgent Financial Advisors LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $35,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

OXY has been the topic of several research reports. Mizuho upped their target price on Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Wells Fargo & Company upped their target price on Occidental Petroleum from $62.00 to $70.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Stephens reissued an “overweight” rating and issued a $74.00 target price on shares of Occidental Petroleum in a report on Thursday, February 15th. Morgan Stanley upped their target price on Occidental Petroleum from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Finally, Truist Financial upped their target price on Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, April 5th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.06.

Occidental Petroleum Stock Down 1.3 %

Shares of NYSE:OXY opened at $65.98 on Thursday. The stock’s 50-day moving average price is $63.05 and its two-hundred day moving average price is $61.09. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. Occidental Petroleum Co. has a 12-month low of $55.12 and a 12-month high of $71.18. The firm has a market cap of $58.49 billion, a price-to-earnings ratio of 16.87 and a beta of 1.64.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company earned $1.61 EPS. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. On average, research analysts forecast that Occidental Petroleum Co. will post 3.74 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, March 7th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.51%.

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.