Motco Has $5.84 Million Position in Occidental Petroleum Corporation (OXY)
Motco lifted its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 5.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,930 shares of the oil and gas producer’s stock after acquiring an additional 4,386 shares during the period. Motco’s holdings in Occidental Petroleum Corporation were worth $5,838,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Grove Bank & Trust lifted its holdings in shares of Occidental Petroleum Corporation by 54.8% in the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 622 shares during the last quarter. Oakworth Capital Inc. lifted its holdings in shares of Occidental Petroleum Corporation by 14.7% in the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 250 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Occidental Petroleum Corporation by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after acquiring an additional 264 shares during the last quarter. FNY Partners Fund LP bought a new position in shares of Occidental Petroleum Corporation in the 1st quarter valued at about $126,000. Finally, Fis Group Inc. bought a new position in shares of Occidental Petroleum Corporation in the 3rd quarter valued at about $126,000. 80.29% of the stock is owned by hedge funds and other institutional investors.
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Shares of Occidental Petroleum Corporation (NYSE OXY) traded up $0.49 during trading hours on Thursday, hitting $67.16. 1,489,759 shares of the stock were exchanged, compared to its average volume of 4,521,507. The stock has a market capitalization of $51,516.32, a price-to-earnings ratio of 192.34, a PEG ratio of 14.33 and a beta of 0.63. Occidental Petroleum Corporation has a fifty-two week low of $57.20 and a fifty-two week high of $73.51. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.
Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted ($0.15) earnings per share. sell-side analysts expect that Occidental Petroleum Corporation will post 0.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.59%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s payout ratio is 440.00%.
A number of research analysts recently commented on OXY shares. Morgan Stanley increased their price target on shares of Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Jefferies Group LLC set a $58.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BidaskClub downgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Barclays PLC raised their price objective on shares of Occidental Petroleum Corporation from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $66.07.
About Occidental Petroleum Corporation
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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