Integrated Quantitative Investments LLC Buys New Holdings in Occidental Petroleum Corporation $OXY

Integrated Quantitative Investments LLC purchased a new position in shares of Occidental Petroleum Corporation (NYSE:OXY) in the 2nd quarter, Holdings Channel reports. The firm purchased 9,196 shares of the oil and gas producer’s stock, valued at approximately $386,000.

Several other institutional investors have also modified their holdings of the company. Northeast Financial Consultants Inc increased its holdings in Occidental Petroleum by 0.4% in the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock valued at $2,890,000 after buying an additional 242 shares during the last quarter. Inspire Investing LLC boosted its position in shares of Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock worth $282,000 after acquiring an additional 247 shares in the last quarter. S.A. Mason LLC raised its position in shares of Occidental Petroleum by 5.9% during the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after acquiring an additional 295 shares in the last quarter. Moody National Bank Trust Division lifted its stake in Occidental Petroleum by 2.0% during the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock worth $644,000 after purchasing an additional 300 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Occidental Petroleum by 3.7% in the second quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock valued at $354,000 after purchasing an additional 300 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Performance

NYSE OXY opened at $42.75 on Monday. The firm has a market cap of $42.12 billion, a P/E ratio of 25.29 and a beta of 0.91. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $53.20. The business’s 50-day moving average price is $43.74 and its 200 day moving average price is $43.75. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 70.59%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OXY. Hsbc Global Res raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Melius Research started coverage on shares of Occidental Petroleum in a research note on Wednesday, August 20th. They set a “hold” rating and a $64.00 price target on the stock. Scotiabank upped their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. UBS Group reduced their target price on Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Finally, Piper Sandler decreased their target price on Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating for the company in a research report on Tuesday, October 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $51.24.

About Occidental Petroleum

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.