Standard Life Aberdeen plc increased its position in Occidental Petroleum Co. (NYSE:OXY) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 458,972 shares of the oil and gas producer’s stock after purchasing an additional 3,937 shares during the period. Standard Life Aberdeen plc’s holdings in Occidental Petroleum were worth $33,828,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. California Public Employees Retirement System boosted its stake in shares of Occidental Petroleum by 3.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,047,285 shares of the oil and gas producer’s stock valued at $131,456,000 after buying an additional 64,533 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in shares of Occidental Petroleum during the 4th quarter valued at $355,000. Swiss National Bank boosted its stake in shares of Occidental Petroleum by 0.9% during the 3rd quarter. Swiss National Bank now owns 2,892,043 shares of the oil and gas producer’s stock valued at $185,698,000 after buying an additional 25,100 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $3,792,000. Finally, Synovus Financial Corp boosted its stake in shares of Occidental Petroleum by 15.5% during the 4th quarter. Synovus Financial Corp now owns 9,157 shares of the oil and gas producer’s stock valued at $673,000 after buying an additional 1,232 shares during the period. 79.86% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have issued reports on OXY. Morgan Stanley lifted their target price on shares of Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Mizuho reissued a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum in a research note on Friday, November 3rd. Citigroup raised shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 target price for the company in a research note on Monday, January 22nd. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Barclays lifted their target price on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research note on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $70.60.
Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the business earned ($0.13) EPS. research analysts forecast that Occidental Petroleum Co. will post 2.59 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.50%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s payout ratio is presently 180.12%.
TRADEMARK VIOLATION NOTICE: This story was first posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3223911/occidental-petroleum-co-oxy-position-boosted-by-standard-life-aberdeen-plc.html.
Occidental Petroleum Profile
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Co. (NYSE:OXY).
Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.