34,406 Shares of Occidental Petroleum Corporation $OXY Purchased by Fluent Financial LLC

Fluent Financial LLC bought a new stake in Occidental Petroleum Corporation (NYSE:OXY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 34,406 shares of the oil and gas producer’s stock, valued at approximately $1,903,000. Occidental Petroleum comprises about 0.7% of Fluent Financial LLC’s investment portfolio, making the stock its 25th biggest position.

Other institutional investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. grew its holdings in Occidental Petroleum by 12.5% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,765 shares of the oil and gas producer’s stock worth $111,000 after acquiring an additional 196 shares during the period. Venture Visionary Partners LLC lifted its stake in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Venture Visionary Partners LLC now owns 9,639 shares of the oil and gas producer’s stock valued at $533,000 after purchasing an additional 203 shares during the period. Athena Wealth Management LLC lifted 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 period. Elevation Wealth Partners LLC lifted its stake in shares of Occidental Petroleum by 15.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 1,615 shares of the oil and gas producer’s stock valued at $78,000 after purchasing an additional 220 shares during the period. Finally, HBK Sorce Advisory LLC boosted its position in shares of Occidental Petroleum by 2.8% in the 2nd quarter. HBK Sorce Advisory LLC now owns 8,210 shares of the oil and gas producer’s stock worth $442,000 after purchasing an additional 220 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OXY shares. The Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $63.00 to $69.00 in a research note on Thursday, October 1st. Wells Fargo & Company increased their target price on Occidental Petroleum from $79.00 to $82.00 and gave the company an “overweight” rating in a research note on Monday, September 14th. Susquehanna raised their target price on Occidental Petroleum from $67.00 to $70.00 and gave the stock a “positive” rating in a report on Tuesday, August 11th. Seaport Research Partners assumed coverage on Occidental Petroleum in a report on Thursday, September 3rd. They set a “buy” rating and a $73.00 target price on the stock. Finally, Stifel Nicolaus started coverage on Occidental Petroleum in a research report on Thursday, September 10th. They set a “hold” rating and a $68.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $65.54.

Occidental Petroleum Trading Up 0.8%

Shares of OXY stock traded up $0.49 on Tuesday, hitting $61.62. The stock had a trading volume of 9,179,674 shares, compared to its average volume of 12,125,505. Occidental Petroleum Corporation has a twelve month low of $38.80 and a twelve month high of $67.45. The firm has a market cap of $61.60 billion, a P/E ratio of 9.54, a PEG ratio of 0.94 and a beta of 0.24. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average price of $59.03 and a two-hundred day moving average price of $57.30.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas producer reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.57. The business had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.31%. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. As a group, analysts forecast that Occidental Petroleum Corporation will post 6.20 earnings per share for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 10th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s payout ratio is presently 17.34%.

About Occidental Petroleum

Occidental Petroleum Corporation, commonly known as Oxy, is an energy company engaged in the exploration, development and production of oil and natural gas. Its upstream operations are concentrated in the United States, including the Permian and Denver-Julesburg basins, and in selected international regions such as the Middle East and North Africa.

The company also operates midstream and marketing businesses that support the gathering, processing, transportation and sale of oil, natural gas and natural gas liquids.