Occidental Petroleum Corporation $OXY Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in Occidental Petroleum Corporation (NYSE:OXY) by 7.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,168,414 shares of the oil and gas producer’s stock after acquiring an additional 145,100 shares during the period. Swiss National Bank’s holdings in Occidental Petroleum were worth $140,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Portus Wealth Advisors LLC bought a new position in Occidental Petroleum during the first quarter valued at about $29,000. Caitlin John LLC acquired a new stake in Occidental Petroleum in the 4th quarter valued at about $29,000. Activest Wealth Management grew its stake in shares of Occidental Petroleum by 68.5% in the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 305 shares during the last quarter. Rossby Financial LCC grew its stake in shares of Occidental Petroleum by 155.0% in the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 465 shares during the last quarter. Finally, Binnacle Investments Inc bought a new stake in shares of Occidental Petroleum in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Richard A. Jackson acquired 4,770 shares of Occidental Petroleum stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the transaction, the chief executive officer owned 444,098 shares of the company’s stock, valued at $23,261,853.24. The trade was a 1.09% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

OXY has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on Occidental Petroleum from $47.00 to $58.00 and gave the stock a “hold” rating in a research report on Monday, April 13th. Zacks Research lowered shares of Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wolfe Research raised their target price on shares of Occidental Petroleum from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. JPMorgan Chase & Co. dropped their target price on shares of Occidental Petroleum from $64.00 to $63.00 in a research report on Thursday, May 7th. Finally, Citigroup reduced their price target on shares of Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.17.

Occidental Petroleum Trading Up 0.7%

Shares of NYSE:OXY opened at $55.25 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $54.95 billion, a PE ratio of 13.92 and a beta of 0.15. Occidental Petroleum Corporation has a 1 year low of $38.80 and a 1 year high of $67.45. The firm has a fifty day moving average price of $54.80 and a 200 day moving average price of $53.14.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.14 earnings per share. Analysts expect that Occidental Petroleum Corporation will post 5.66 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.9%. Occidental Petroleum’s dividend payout ratio (DPR) is 26.20%.

Occidental Petroleum Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.