Encourage Investing LLC decreased its stake in shares of Occidental Petroleum Co. (NYSE:OXY – Free Report) by 38.1% through the 2nd quarter, in response to its most up-to-date 13F submitting with the Securities & Trade Fee. The fund owned 4,275 shares of the oil and fuel producer’s inventory after promoting 2,634 shares through the quarter. Encourage Investing LLC’s holdings in Occidental Petroleum had been value $269,000 on the finish of the latest quarter.
Different institutional traders and hedge funds additionally lately made modifications to their positions within the firm. Funding Analysis & Advisory Group Inc. grew its place in shares of Occidental Petroleum by 75.2% within the 1st quarter. Funding Analysis & Advisory Group Inc. now owns 389 shares of the oil and fuel producer’s inventory valued at $25,000 after buying a further 167 shares through the interval. LifeSteps Monetary Inc. purchased a brand new place in Occidental Petroleum through the first quarter value about $34,000. In a position Wealth Administration LLC acquired a brand new place in Occidental Petroleum through the fourth quarter value roughly $38,000. New Covenant Belief Firm N.A. purchased a brand new stake in Occidental Petroleum within the first quarter valued at roughly $44,000. Lastly, LRI Investments LLC acquired a brand new stake in shares of Occidental Petroleum within the first quarter valued at roughly $44,000. Institutional traders personal 88.70% of the corporate’s inventory.
Wall Road Analyst Weigh In
Plenty of equities analysis analysts lately weighed in on the corporate. UBS Group dropped their value goal on Occidental Petroleum from $70.00 to $59.00 and set a “impartial” score on the inventory in a analysis be aware on Wednesday, September 18th. Susquehanna decreased their goal value on shares of Occidental Petroleum from $81.00 to $78.00 and set a “constructive” score for the corporate in a report on Wednesday, September 4th. Wolfe Analysis began protection on shares of Occidental Petroleum in a analysis report on Thursday, July 18th. They set an “outperform” score and a $81.00 value goal for the corporate. Stephens reaffirmed an “obese” score and issued a $76.00 goal value on shares of Occidental Petroleum in a analysis report on Thursday, August eighth. Lastly, Wells Fargo & Firm dropped their value goal on Occidental Petroleum from $68.00 to $65.00 and set an “equal weight” score for the corporate in a report on Friday, August ninth. One funding analyst has rated the inventory with a promote score, eight have given a maintain score, 5 have assigned a purchase score and one has given a robust purchase score to the inventory. In response to knowledge from MarketBeat.com, the corporate has a consensus score of “Maintain” and a consensus goal value of $71.60.
Get Our Newest Analysis Report on Occidental Petroleum
Insider Shopping for and Promoting
In different Occidental Petroleum information, main shareholder Petroleum Corp /De/ Occidental bought 19,500,000 shares of Occidental Petroleum inventory in a transaction dated Wednesday, August 14th. The inventory was bought at a median value of $35.75, for a complete worth of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares within the firm, valued at $5,923,116,413.50. The transaction was disclosed in a doc filed with the SEC, which is accessible by means of this hyperlink. 0.31% of the inventory is owned by company insiders.
Occidental Petroleum Inventory Up 0.3 %
OXY inventory opened at $52.40 on Wednesday. The corporate has a market cap of $46.46 billion, a PE ratio of 14.32 and a beta of 1.58. The corporate has a fast ratio of 0.75, a present ratio of 1.04 and a debt-to-equity ratio of 0.77. Occidental Petroleum Co. has a 52 week low of $49.90 and a 52 week excessive of $71.18. The enterprise has a 50-day easy transferring common of $56.52 and a 200 day easy transferring common of $61.14.
Occidental Petroleum (NYSE:OXY – Get Free Report) final issued its quarterly earnings outcomes on Wednesday, August seventh. The oil and fuel producer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. The corporate had income of $6.88 billion through the quarter, in comparison with the consensus estimate of $6.93 billion. Occidental Petroleum had a internet margin of 16.62% and a return on fairness of 17.91%. The agency’s quarterly income was up 2.2% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the agency posted $0.68 EPS. Promote-side analysts anticipate that Occidental Petroleum Co. will publish 3.71 EPS for the present fiscal yr.
Occidental Petroleum Proclaims Dividend
The agency additionally lately declared a quarterly dividend, which might be paid on Tuesday, October fifteenth. Stockholders of document on Tuesday, September tenth might be paid a $0.22 dividend. The ex-dividend date is Tuesday, September tenth. This represents a $0.88 annualized dividend and a dividend yield of 1.68%. Occidental Petroleum’s payout ratio is 24.04%.
About Occidental Petroleum
Occidental Petroleum Company, along with its subsidiaries, engages within the acquisition, exploration, and growth of oil and fuel properties in the USA, the Center East, and North Africa. It operates by means of three segments: Oil and Fuel, Chemical, and Midstream and Advertising. The corporate’s Oil and Fuel phase explores for, develops, and produces oil and condensate, pure fuel liquids (NGLs), and pure fuel.
Additional Studying
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