MGO One Seven LLC Decreases Position in Occidental Petroleum Corporation $OXY

MGO One Seven LLC lessened its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 27.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,022 shares of the oil and gas producer’s stock after selling 10,763 shares during the quarter. MGO One Seven LLC’s holdings in Occidental Petroleum were worth $1,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Occidental Petroleum by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock valued at $3,696,716,000 after purchasing an additional 699,137 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Occidental Petroleum by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock worth $412,045,000 after acquiring an additional 900,677 shares during the last quarter. Invesco Ltd. raised its stake in Occidental Petroleum by 0.4% in the 3rd quarter. Invesco Ltd. now owns 5,658,899 shares of the oil and gas producer’s stock worth $267,383,000 after acquiring an additional 24,755 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Occidental Petroleum by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,241,267 shares of the oil and gas producer’s stock worth $200,400,000 after acquiring an additional 15,304 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Occidental Petroleum by 9.9% in the 3rd quarter. American Century Companies Inc. now owns 3,905,711 shares of the oil and gas producer’s stock worth $184,545,000 after acquiring an additional 353,056 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the subject of a number of research analyst reports. 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. Mizuho raised their target price on Occidental Petroleum from $67.00 to $72.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. BMO Capital Markets raised their target price on Occidental Petroleum from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Citigroup reduced their target price on Occidental Petroleum from $67.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.43.

Occidental Petroleum Price Performance

Shares of OXY opened at $55.17 on Tuesday. The business’s 50-day moving average is $58.13 and its two-hundred day moving average is $48.36. The company has a market capitalization of $54.88 billion, a P/E ratio of 13.90 and a beta of 0.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. Research analysts predict that Occidental Petroleum Corporation will post 4.87 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 26.20%.

Occidental Petroleum 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.