Well Done LLC reduced its stake in Occidental Petroleum Co. (NYSE:OXY) by 28.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,004 shares of the oil and gas producer’s stock after selling 1,215 shares during the quarter. Well Done LLC’s holdings in Occidental Petroleum were worth $222,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in OXY. Barometer Capital Management Inc. purchased a new position in Occidental Petroleum during the 3rd quarter worth approximately $12,213,000. Dupont Capital Management Corp acquired a new stake in Occidental Petroleum in the 4th quarter valued at $378,000. California Public Employees Retirement System grew its stake in Occidental Petroleum by 3.3% in 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 acquiring an additional 64,533 shares during the period. Stoneridge Investment Partners LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at $355,000. Finally, Taylor Hoffman Wealth Management acquired a new stake in Occidental Petroleum in the 4th quarter valued at $261,000. 83.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Occidental Petroleum Co. (NYSE:OXY) opened at $64.20 on Wednesday. The company has a market capitalization of $49,120.00, a P/E ratio of 37.99, a PEG ratio of 3.76 and a beta of 0.64. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum Co. has a 52 week low of $57.20 and a 52 week high of $78.09.
The business 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 dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s payout ratio is currently 182.25%.
Several research analysts have recently commented on the company. Macquarie started coverage on Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating on the stock. Cowen set a $85.00 target price on Occidental Petroleum and gave the company a “buy” rating in a research report on Thursday, January 18th. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Bank of America downgraded Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 price target for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Finally, UBS Group assumed coverage on Occidental Petroleum in a research note on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $71.56.
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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.
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