69,724 Shares in Occidental Petroleum Corporation $OXY Purchased by Leonteq Securities AG

Leonteq Securities AG acquired a new position in Occidental Petroleum Corporation (NYSE:OXY) in the fourth quarter, HoldingsChannel reports. The fund acquired 69,724 shares of the oil and gas producer’s stock, valued at approximately $2,867,000.

A number of other hedge funds also recently added to or reduced their stakes in OXY. Vanguard Group Inc. lifted its position in shares of Occidental Petroleum by 0.8% during the fourth 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 buying an additional 699,137 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Occidental Petroleum by 11.5% during the third quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock valued at $412,045,000 after buying an additional 900,677 shares during the last quarter. Invesco Ltd. lifted its position in shares of Occidental Petroleum by 0.4% during the third quarter. Invesco Ltd. now owns 5,658,899 shares of the oil and gas producer’s stock valued at $267,383,000 after buying an additional 24,755 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Occidental Petroleum by 0.4% during the third quarter. Bank of New York Mellon Corp now owns 4,241,267 shares of the oil and gas producer’s stock valued at $200,400,000 after buying an additional 15,304 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Occidental Petroleum by 9.9% during the third quarter. American Century Companies Inc. now owns 3,905,711 shares of the oil and gas producer’s stock valued at $184,545,000 after buying an additional 353,056 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on OXY. TD Cowen increased their price target on shares of Occidental Petroleum from $48.00 to $54.00 and gave the company a “hold” rating in a research report on Monday, February 23rd. Bank of America increased their price target on shares of Occidental Petroleum from $44.00 to $45.00 in a research report on Tuesday, January 27th. BMO Capital Markets increased their price target on shares of Occidental Petroleum from $60.00 to $65.00 and gave the company a “market perform” rating in a research report on Tuesday, April 7th. Wolfe Research increased their price target on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Finally, The Goldman Sachs Group increased their price target on shares of Occidental Petroleum from $41.00 to $54.00 and gave the company a “sell” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $62.43.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $58.85 on Thursday. The firm has a market capitalization of $58.54 billion, a P/E ratio of 14.82 and a beta of 0.17. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $58.75 and a 200 day moving average price of $49.18. Occidental Petroleum Corporation has a 52 week low of $38.80 and a 52 week high of $67.45.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.60 by $0.46. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the firm posted $0.14 EPS. Occidental Petroleum’s revenue was down 8.3% on a year-over-year basis. Sell-side analysts expect that Occidental Petroleum Corporation will post 5.14 EPS for the current year.

Occidental Petroleum Announces Dividend

The company also recently disclosed 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 of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 26.20%.

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.