Ffcm LLC boosted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 40.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 36,696 shares of the oil and gas producer’s stock after acquiring an additional 10,572 shares during the period. Ffcm LLC’s holdings in Occidental Petroleum were worth $3,016,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sawtooth Solutions LLC raised its holdings in Occidental Petroleum by 2.0% during the second quarter. Sawtooth Solutions LLC now owns 34,912 shares of the oil and gas producer’s stock worth $2,922,000 after buying an additional 679 shares during the last quarter. Segment Wealth Management LLC raised its holdings in shares of Occidental Petroleum by 20.5% in the third quarter. Segment Wealth Management LLC now owns 4,052 shares of the oil and gas producer’s stock valued at $333,000 after purchasing an additional 689 shares during the last quarter. Wetherby Asset Management Inc. raised its holdings in shares of Occidental Petroleum by 7.7% in the second quarter. Wetherby Asset Management Inc. now owns 9,789 shares of the oil and gas producer’s stock valued at $820,000 after purchasing an additional 703 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Occidental Petroleum by 3.4% in the second quarter. TCW Group Inc. now owns 21,697 shares of the oil and gas producer’s stock valued at $1,815,000 after purchasing an additional 705 shares during the last quarter. Finally, HighPoint Advisor Group LLC raised its holdings in shares of Occidental Petroleum by 4.7% in the third quarter. HighPoint Advisor Group LLC now owns 16,151 shares of the oil and gas producer’s stock valued at $1,168,000 after purchasing an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

NYSE OXY opened at $70.30 on Wednesday. Occidental Petroleum Co. has a 52-week low of $62.47 and a 52-week high of $87.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 1.21. The stock has a market cap of $55.39 billion, a P/E ratio of 78.99, a P/E/G ratio of 2.21 and a beta of 0.80.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Monday, November 5th. The oil and gas producer reported $1.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.26. Occidental Petroleum had a net margin of 22.19% and a return on equity of 15.43%. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 98.9% compared to the same quarter last year. On average, equities research analysts anticipate that Occidental Petroleum Co. will post 5.17 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 10th will be issued a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.12 dividend on an annualized basis and a yield of 4.44%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 350.56%.

Several brokerages have recently commented on OXY. Morgan Stanley set a $88.00 target price on shares of Occidental Petroleum and gave the company a “buy” rating in a report on Tuesday. Citigroup lowered their target price on shares of Occidental Petroleum from $97.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, November 14th. Zacks Investment Research downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a report on Wednesday, November 14th. BMO Capital Markets reiterated a “neutral” rating on shares of Occidental Petroleum in a report on Wednesday, November 14th. Finally, Barclays began coverage on shares of Occidental Petroleum in a report on Monday, November 12th. They issued an “overweight” rating and a $84.00 target price for the company. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $86.35.

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Occidental Petroleum Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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