Universal Beteiligungs und Servicegesellschaft mbH Buys 1,809 Shares of Occidental Petroleum Corporation $OXY

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in Occidental Petroleum Corporation (NYSE:OXY) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,858 shares of the oil and gas producer’s stock after acquiring an additional 1,809 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Occidental Petroleum were worth $8,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. University of Texas Texas AM Investment Management Co. bought a new position in Occidental Petroleum during the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Occidental Petroleum during the 1st quarter valued at $39,000. Hantz Financial Services Inc. increased its holdings in Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after acquiring an additional 788 shares during the last quarter. MeadowBrook Investment Advisors LLC lifted its holdings in Occidental Petroleum by 371.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 788 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC increased its stake in shares of Occidental Petroleum by 5,000.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 1,020 shares of the oil and gas producer’s stock worth $50,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $41.21 on Friday. The business’s 50-day moving average price is $43.42 and its 200-day moving average price is $43.73. The firm has a market capitalization of $40.60 billion, a PE ratio of 24.39 and a beta of 0.91. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $53.20. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 10th will be issued a dividend of $0.24 per share. The ex-dividend date is Wednesday, December 10th. This represents a $0.96 annualized dividend and a yield of 2.3%. Occidental Petroleum’s dividend payout ratio is currently 70.59%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore ISI reduced their price target on Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Occidental Petroleum in a report on Wednesday, October 8th. Wells Fargo & Company lowered their price target on shares of Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, November 12th. Melius Research started coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They set a “hold” rating and a $64.00 target price on the stock. Finally, Melius assumed coverage on shares of Occidental Petroleum in a research note on Wednesday, August 20th. They issued a “hold” rating and a $64.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus target price of $51.24.

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.