Vanguard Personalized Indexing Management LLC Boosts Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Vanguard Personalized Indexing Management LLC boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 19.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,630 shares of the oil and gas producer’s stock after acquiring an additional 10,796 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Occidental Petroleum were worth $4,198,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Swedbank AB acquired a new position in shares of Occidental Petroleum in the first quarter valued at approximately $12,547,000. Allspring Global Investments Holdings LLC increased its position in shares of Occidental Petroleum by 139.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 78,529 shares of the oil and gas producer’s stock worth $5,104,000 after acquiring an additional 45,722 shares during the period. Bridgefront Capital LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at $763,000. Alberta Investment Management Corp boosted its holdings in Occidental Petroleum by 143.2% in the fourth quarter. Alberta Investment Management Corp now owns 36,475 shares of the oil and gas producer’s stock valued at $2,178,000 after purchasing an additional 21,475 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Occidental Petroleum by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 904,081 shares of the oil and gas producer’s stock worth $58,757,000 after purchasing an additional 8,863 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total value of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Up 0.5 %

Occidental Petroleum stock opened at $52.03 on Friday. The company has a market capitalization of $47.12 billion, a P/E ratio of 14.22 and a beta of 1.58. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. Occidental Petroleum Co. has a fifty-two week low of $49.90 and a fifty-two week high of $71.18. The stock has a 50-day simple moving average of $57.10 and a 200-day simple moving average of $61.32.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.26. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. Equities research analysts expect that Occidental Petroleum Co. will post 3.71 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.69%. Occidental Petroleum’s dividend payout ratio is presently 24.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OXY shares. Stephens reiterated an “overweight” rating and issued a $76.00 price objective on shares of Occidental Petroleum in a research note on Thursday, August 8th. Citigroup decreased their price target on shares of Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, May 24th. UBS Group dropped their price objective on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday. Wolfe Research assumed coverage on shares of Occidental Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $81.00 price objective for the company. Finally, Truist Financial dropped their target price on Occidental Petroleum from $67.00 to $65.00 and set a “hold” rating on the stock in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.60.

Occidental Petroleum Company Profile

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.