9,618 Shares of Occidental Petroleum Corporation $OXY Bought by Vista Investment Partners LLC

Vista Investment Partners LLC acquired a new position in Occidental Petroleum Corporation (NYSE:OXY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,618 shares of the oil and gas producer’s stock, valued at approximately $532,000.

Other large investors have also modified their holdings of the company. Berkshire Hathaway Inc bought a new position in shares of Occidental Petroleum during the second quarter valued at approximately $12,868,205,000. State Street Corp lifted its holdings in Occidental Petroleum by 6.6% during the second quarter. State Street Corp now owns 46,141,269 shares of the oil and gas producer’s stock worth $2,252,271,000 after buying an additional 2,870,472 shares during the period. Bank of New York Mellon Corp boosted its position in Occidental Petroleum by 84.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer’s stock valued at $516,975,000 after acquiring an additional 4,882,834 shares in the last quarter. Amundi increased its holdings in shares of Occidental Petroleum by 2.7% in the 1st quarter. Amundi now owns 2,979,380 shares of the oil and gas producer’s stock valued at $193,660,000 after acquiring an additional 78,335 shares during the period. Finally, Danske Bank A S bought a new position in shares of Occidental Petroleum in the 2nd quarter worth $172,413,000. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. UBS Group raised their price objective on Occidental Petroleum from $59.00 to $67.00 and gave the company a “neutral” rating in a research report on Monday, September 14th. Susquehanna increased their price target on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company a “positive” rating in a research report on Tuesday, August 11th. Seaport Research Partners began coverage on shares of Occidental Petroleum in a report on Thursday, September 3rd. They issued a “buy” rating and a $73.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Occidental Petroleum in a research note on Thursday, September 10th. They set a “hold” rating and a $68.00 price objective for the company. Finally, Evercore raised shares of Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $65.00 target price for the company in a research report on Wednesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating and sixteen have given a Hold rating to the company. Based on data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $65.54.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY traded up $1.76 on Thursday, hitting $59.98. 5,938,826 shares of the company were exchanged, compared to its average volume of 12,166,368. The firm has a market capitalization of $59.95 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 0.91 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 stock’s 50 day moving average price is $58.64 and its 200 day moving average price is $57.31. Occidental Petroleum Corporation has a 1-year low of $38.80 and a 1-year high of $67.45.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.57. The company had revenue of $8.06 billion during the quarter, compared to analysts’ expectations of $7.07 billion. Occidental Petroleum had a return on equity of 15.31% and a net margin of 28.36%.The firm’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS. Sell-side analysts predict that Occidental Petroleum Corporation will post 6.2 EPS for the current year.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, September 10th will be issued a $0.28 dividend. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, September 10th. This represents a $1.12 annualized dividend and a yield of 1.9%. Occidental Petroleum’s dividend payout ratio is currently 17.34%.

Occidental Petroleum Company Profile

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.