Occidental Petroleum Co. (OXY) Shares Bought by ETRADE Capital Management LLC
ETRADE Capital Management LLC raised its holdings in Occidental Petroleum Co. (NYSE:OXY) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,273 shares of the oil and gas producer’s stock after purchasing an additional 8,083 shares during the quarter. ETRADE Capital Management LLC’s holdings in Occidental Petroleum were worth $5,913,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Goodman Financial Corp bought a new position in Occidental Petroleum in the 4th quarter valued at $116,000. Trustcore Financial Services LLC acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at $153,000. Field & Main Bank acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at $166,000. Optimum Investment Advisors acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at $200,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Occidental Petroleum in the 4th quarter valued at $201,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Shares of Occidental Petroleum Co. (NYSE:OXY) opened at $65.64 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.12. Occidental Petroleum Co. has a 52 week low of $57.20 and a 52 week high of $78.09. The company has a market capitalization of $50,224.36, a price-to-earnings ratio of 73.75, a P/E/G ratio of 3.89 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.69%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 180.12%.
Several equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Macquarie assumed coverage on Occidental Petroleum in a research note on Wednesday, January 17th. They issued a “neutral” rating for the company. Citigroup raised Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 target price for the company in a research note on Monday, January 22nd. Cowen set a $85.00 target price on Occidental Petroleum and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Mizuho set a $79.00 target price on Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 16th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Occidental Petroleum has an average rating of “Hold” and an average price target of $71.60.
TRADEMARK VIOLATION WARNING: “Occidental Petroleum Co. (OXY) Shares Bought by ETRADE Capital Management LLC” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/03/05/occidental-petroleum-co-oxy-shares-bought-by-etrade-capital-management-llc.html.
About Occidental Petroleum
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.
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 Co. (NYSE:OXY).
Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.