First Trust Direct Indexing L.P. Buys 3,057 Shares of Occidental Petroleum Co. (NYSE:OXY)

First Trust Direct Indexing L.P. grew its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,890 shares of the oil and gas producer’s stock after buying an additional 3,057 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Occidental Petroleum were worth $1,128,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Everhart Financial Group Inc. lifted its stake in Occidental Petroleum by 2.3% during the third quarter. Everhart Financial Group Inc. now owns 7,457 shares of the oil and gas producer’s stock worth $484,000 after purchasing an additional 169 shares during the last quarter. PFG Investments LLC lifted its position in Occidental Petroleum by 2.7% in the 3rd quarter. PFG Investments LLC now owns 6,423 shares of the oil and gas producer’s stock worth $417,000 after buying an additional 170 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in Occidental Petroleum by 1.2% during the third quarter. VisionPoint Advisory Group LLC now owns 14,754 shares of the oil and gas producer’s stock valued at $957,000 after acquiring an additional 174 shares during the last quarter. Conning Inc. raised its stake in shares of Occidental Petroleum by 3.6% during the third quarter. Conning Inc. now owns 5,146 shares of the oil and gas producer’s stock worth $334,000 after acquiring an additional 180 shares in the last quarter. Finally, Donoghue Forlines LLC lifted its holdings in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Donoghue Forlines LLC now owns 8,971 shares of the oil and gas producer’s stock worth $582,000 after acquiring an additional 191 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Down 0.2 %

Shares of NYSE:OXY traded down $0.16 during trading on Friday, hitting $64.50. The stock had a trading volume of 915,028 shares, compared to its average volume of 8,427,935. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.84. Occidental Petroleum Co. has a 12 month low of $55.12 and a 12 month high of $71.18. The company has a market capitalization of $57.18 billion, a PE ratio of 16.54 and a beta of 1.64. The firm’s fifty day moving average is $64.72 and its 200 day moving average is $61.43.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.74 EPS for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $7.53 billion during the quarter, compared to analyst estimates of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. Analysts anticipate that Occidental Petroleum Co. will post 3.81 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.36%. Occidental Petroleum’s payout ratio is presently 22.51%.

Analyst Ratings Changes

Several research firms recently commented on OXY. HSBC began coverage on shares of Occidental Petroleum in a report on Monday, April 8th. They set a “hold” rating and a $65.00 target price on the stock. Barclays began coverage on shares of Occidental Petroleum in a report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 target price on the stock. Susquehanna increased their target price on shares of Occidental Petroleum from $70.00 to $81.00 and gave the company a “positive” rating in a report on Monday, April 22nd. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Finally, Morgan Stanley increased their target price on shares of Occidental Petroleum from $66.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, March 28th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $71.94.

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.