Raymond James Financial Services Advisors Inc. Boosts Stake in Occidental Petroleum Co. (OXY)

Raymond James Financial Services Advisors Inc. grew its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 12.8% in the 4th quarter, HoldingsChannel reports. The firm owned 265,075 shares of the oil and gas producer’s stock after purchasing an additional 30,172 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Occidental Petroleum were worth $19,526,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barometer Capital Management Inc. bought a new position in shares of Occidental Petroleum during the 3rd quarter valued at about $12,213,000. California Public Employees Retirement System boosted its position 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 purchasing an additional 64,533 shares in the last quarter. Stoneridge Investment Partners LLC bought a new position in shares of Occidental Petroleum during the 4th quarter valued at about $355,000. Swiss National Bank boosted its position 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 purchasing an additional 25,100 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Occidental Petroleum during the 3rd quarter valued at about $3,792,000. Institutional investors own 79.98% of the company’s stock.

Shares of Occidental Petroleum Co. (NYSE OXY) opened at $68.16 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The company has a market cap of $52,159.10, a P/E ratio of 76.58, a P/E/G ratio of 4.23 and a beta of 0.53. Occidental Petroleum Co. has a fifty-two week low of $57.20 and a fifty-two week high of $78.09.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. During the same period last year, the company posted ($0.13) earnings per share. analysts anticipate that Occidental Petroleum Co. will post 2.61 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio is currently 180.12%.

OXY has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of Occidental Petroleum from $74.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday. Scotiabank reiterated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a report on Wednesday, November 22nd. Mizuho set a $79.00 target price on shares of Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 16th. Cowen set a $85.00 target price on shares of Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Morgan Stanley raised their target price on shares of Occidental Petroleum from $66.00 to $84.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $70.60.

TRADEMARK VIOLATION NOTICE: This article was first published by Week Herald and is owned by of Week Herald. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://weekherald.com/2018/02/18/raymond-james-financial-services-advisors-inc-boosts-stake-in-occidental-petroleum-co-oxy.html.

Occidental Petroleum Company 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).

Institutional Ownership by Quarter for Occidental Petroleum (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.

Leave a Reply