Occidental Petroleum Corporation $OXY Shares Acquired by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. grew its stake in Occidental Petroleum Corporation (NYSE:OXYFree Report) by 31.1% during the second quarter, HoldingsChannel.com reports. The firm owned 418,750 shares of the oil and gas producer’s stock after purchasing an additional 99,320 shares during the period. Schwartz Investment Counsel Inc.’s holdings in Occidental Petroleum were worth $17,592,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock valued at $3,960,202,000 after purchasing an additional 12,107,285 shares in the last quarter. H&H International Investment LLC raised its stake in Occidental Petroleum by 1.8% during the first quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock worth $682,456,000 after acquiring an additional 249,100 shares during the period. Dimensional Fund Advisors LP raised its stake in Occidental Petroleum by 9.6% during the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock worth $401,162,000 after acquiring an additional 710,220 shares during the period. Northern Trust Corp raised its stake in Occidental Petroleum by 1.6% during the first quarter. Northern Trust Corp now owns 7,175,439 shares of the oil and gas producer’s stock worth $354,180,000 after acquiring an additional 110,378 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Occidental Petroleum by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,432,722 shares of the oil and gas producer’s stock worth $218,799,000 after acquiring an additional 195,742 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $41.05 on Tuesday. The firm’s 50 day moving average is $45.41 and its two-hundred day moving average is $43.39. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 week high of $53.20. The firm has a market capitalization of $40.41 billion, a P/E ratio of 24.29 and a beta of 0.95. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXYGet Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. Occidental Petroleum’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.03 earnings per share. Analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were issued a $0.24 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. Occidental Petroleum’s dividend payout ratio (DPR) is 56.80%.

Analyst Upgrades and Downgrades

OXY has been the topic of several research reports. Scotiabank increased their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. JPMorgan Chase & Co. increased their price objective on shares of Occidental Petroleum from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Melius Research initiated coverage on shares of Occidental Petroleum in a research note on Wednesday, August 20th. They set a “hold” rating and a $64.00 price objective on the stock. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $52.00 target price on shares of Occidental Petroleum in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $52.39.

View Our Latest Analysis on OXY

Occidental Petroleum Company Profile

(Free Report)

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

See Also

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 Corporation (NYSE:OXYFree Report).

Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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