498,311 Shares in Occidental Petroleum Corporation $OXY Bought by Life Cycle Investment Partners Ltd

Life Cycle Investment Partners Ltd bought a new position in Occidental Petroleum Corporation (NYSE:OXY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 498,311 shares of the oil and gas producer’s stock, valued at approximately $20,491,000. Life Cycle Investment Partners Ltd owned 0.05% of Occidental Petroleum at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Carrera Capital Advisors raised its position in shares of Occidental Petroleum by 0.5% in the 4th 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 period. Apella Capital LLC raised its position in shares of Occidental Petroleum by 3.4% in the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock worth $289,000 after buying an additional 233 shares during the period. Jamison Private Wealth Management Inc. raised its position in shares of Occidental Petroleum by 1.8% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 13,934 shares of the oil and gas producer’s stock worth $573,000 after buying an additional 249 shares during the period. Woodward Diversified Capital LLC raised its position in shares of Occidental Petroleum by 4.2% in the 4th quarter. Woodward Diversified Capital LLC now owns 6,652 shares of the oil and gas producer’s stock worth $274,000 after buying an additional 270 shares during the period. Finally, Independent Advisor Alliance raised its position in shares of Occidental Petroleum by 1.1% in the 4th quarter. Independent Advisor Alliance now owns 26,092 shares of the oil and gas producer’s stock worth $1,073,000 after buying an additional 276 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Down 0.0%

Shares of NYSE OXY opened at $58.82 on Friday. Occidental Petroleum Corporation has a 12-month low of $38.80 and a 12-month high of $67.45. The company has a market cap of $58.50 billion, a P/E ratio of 14.82 and a beta of 0.17. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $58.94 and a 200 day moving average price of $49.37.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.46. The company had revenue of $5.11 billion during 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 company’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the firm earned $0.14 earnings per share. Research analysts anticipate that Occidental Petroleum Corporation will post 5.33 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 26.20%.

Analyst Upgrades and Downgrades

OXY has been the topic of several research reports. Raymond James Financial increased their target price on Occidental Petroleum from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lowered their price target on Occidental Petroleum from $64.00 to $63.00 in a report on Thursday, May 7th. Argus upgraded Occidental Petroleum to a “hold” rating in a report on Friday, February 27th. Citigroup lowered their price target on Occidental Petroleum from $67.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, April 17th. Finally, Jefferies Financial Group increased their price target on Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $62.91.

About Occidental Petroleum

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.