Leonteq Securities AG Has $821,000 Holdings in Occidental Petroleum Corporation $OXY

Leonteq Securities AG decreased its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 81.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,626 shares of the oil and gas producer’s stock after selling 57,098 shares during the quarter. Leonteq Securities AG’s holdings in Occidental Petroleum were worth $821,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Athena Wealth Management LLC boosted its stake in shares of Occidental Petroleum by 1.2% in the 1st quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock valued at $1,206,000 after purchasing an additional 214 shares during the last quarter. Carrera Capital Advisors raised its stake in Occidental Petroleum by 0.5% during the fourth quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after buying an additional 227 shares during the last quarter. Summit Securities Group LLC lifted its holdings in Occidental Petroleum by 18.5% in the fourth quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock valued at $60,000 after buying an additional 229 shares during the period. Apella Capital LLC lifted its holdings in Occidental Petroleum by 3.4% in the fourth quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock valued at $289,000 after buying an additional 233 shares during the period. Finally, Jamison Private Wealth Management Inc. boosted its position in Occidental Petroleum by 1.8% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock valued at $573,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Buying and Selling

In other news, CEO Richard A. Jackson acquired 4,770 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the acquisition, the chief executive officer directly owned 444,098 shares in the company, valued at $23,261,853.24. The trade was a 1.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.50% of the company’s stock.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $48.84 on Friday. The firm’s 50-day moving average price is $55.65 and its 200-day moving average price is $52.04. Occidental Petroleum Corporation has a 1-year low of $38.80 and a 1-year high of $67.45. The firm has a market capitalization of $48.58 billion, a P/E ratio of 12.30 and a beta of 0.15. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The company had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Equities research analysts anticipate that Occidental Petroleum Corporation will post 5.99 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 2.1%. Occidental Petroleum’s dividend payout ratio is presently 26.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on OXY shares. Scotiabank lifted their price objective on Occidental Petroleum from $46.00 to $57.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. HSBC upped their target price on Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Susquehanna raised their target price on Occidental Petroleum from $60.00 to $67.00 and gave the stock a “positive” rating in a research note on Tuesday, April 21st. Jefferies Financial Group lifted their target price on Occidental Petroleum from $47.00 to $58.00 and gave the stock a “hold” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company increased their price target on Occidental Petroleum from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $63.30.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.