Investors Asset Management of Georgia Inc. GA ADV Has $1.54 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Investors Asset Management of Georgia Inc. GA ADV lowered its stake in Occidental Petroleum Co. (NYSE:OXY) by 28.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,834 shares of the oil and gas producer’s stock after selling 10,139 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Occidental Petroleum were worth $1,543,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Occidental Petroleum in the 3rd quarter valued at $26,000. Orion Capital Management LLC acquired a new position in shares of Occidental Petroleum in the 3rd quarter valued at $27,000. TLW Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at $28,000. Grove Bank & Trust increased its position in shares of Occidental Petroleum by 86.0% in the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 240 shares in the last quarter. Finally, BKM Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at $35,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

OXY stock traded down $0.19 during mid-day trading on Thursday, hitting $65.79. 4,446,455 shares of the company were exchanged, compared to its average volume of 8,760,021. The business has a 50 day simple moving average of $63.05 and a 200-day simple moving average of $61.09. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $58.32 billion, a PE ratio of 16.94 and a beta of 1.64. Occidental Petroleum Co. has a 1-year low of $55.12 and a 1-year high of $71.18.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The business’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. On average, equities analysts forecast that Occidental Petroleum Co. will post 3.74 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 8th were given a dividend of $0.22 per share. The ex-dividend date was Thursday, March 7th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a yield of 1.34%. Occidental Petroleum’s dividend payout ratio (DPR) is 22.51%.

Analyst Ratings Changes

A number of analysts recently commented on OXY shares. Raymond James lowered their price objective on shares of Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating for the company in a research report on Wednesday, January 24th. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Truist Financial upped their price objective on shares of Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their target price on Occidental Petroleum from $62.00 to $70.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Finally, HSBC began coverage on Occidental Petroleum in a report on Monday, April 8th. They set a “hold” rating and a $65.00 target price for the company. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Moderate Buy” and an average price target of $72.06.

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, 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.