Occidental Petroleum Corporation $OXY Shares Acquired by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY increased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 20.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,821 shares of the oil and gas producer’s stock after purchasing an additional 15,150 shares during the period. Miller Howard Investments Inc. NY’s holdings in Occidental Petroleum were worth $5,773,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OXY. Athena Wealth Management LLC boosted its stake in Occidental Petroleum by 1.2% in the 1st quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock worth $1,206,000 after buying an additional 214 shares during the last quarter. Carrera Capital Advisors increased its stake in shares of Occidental Petroleum by 0.5% during the 4th quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock valued at $1,831,000 after acquiring an additional 227 shares during the last quarter. Summit Securities Group LLC lifted its holdings in shares of 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 acquiring an additional 229 shares during the period. Apella Capital LLC boosted its position in shares of Occidental Petroleum by 3.4% in the fourth quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock worth $289,000 after acquiring an additional 233 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its position in shares of Occidental Petroleum by 1.8% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 249 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Price Performance

OXY opened at $52.34 on Wednesday. Occidental Petroleum Corporation has a 52-week low of $38.80 and a 52-week high of $67.45. The company has a 50 day moving average of $56.70 and a two-hundred day moving average of $51.67. The company has a market cap of $52.06 billion, a P/E ratio of 13.18 and a beta of 0.14. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 EPS. On average, analysts expect that Occidental Petroleum Corporation will post 5.79 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 2.0%. Occidental Petroleum’s dividend payout ratio (DPR) is 26.20%.

Analyst Ratings Changes

OXY has been the subject of several research analyst reports. Raymond James Financial upped their price target on shares of Occidental Petroleum from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Scotiabank boosted their price objective on shares of Occidental Petroleum from $46.00 to $57.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Barclays upgraded Occidental Petroleum from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $59.00 to $72.00 in a report on Tuesday, May 26th. Capital One Financial lifted their target price on Occidental Petroleum from $67.00 to $70.00 in a report on Wednesday, May 27th. Finally, UBS Group lowered their price target on Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $63.74.

Occidental Petroleum Company 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.