Occidental Petroleum Corporation $OXY Shares Purchased by Farley Capital L.P.

Farley Capital L.P. boosted its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 17.3% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,804 shares of the oil and gas producer’s stock after buying an additional 2,188 shares during the quarter. Occidental Petroleum makes up approximately 0.5% of Farley Capital L.P.’s holdings, making the stock its 14th largest holding. Farley Capital L.P.’s holdings in Occidental Petroleum were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in OXY. Caitong International Asset Management Co. Ltd acquired a new position in shares of Occidental Petroleum during the first quarter valued at about $39,000. Spectrum Wealth Counsel LLC raised its holdings 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 buying an additional 1,000 shares during the last quarter. Ransom Advisory Ltd purchased a new position in Occidental Petroleum during the 1st quarter worth approximately $54,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Occidental Petroleum in the 2nd quarter valued at $55,000. Finally, Quarry LP increased its stake in shares of Occidental Petroleum by 69.7% in the first quarter. Quarry LP now owns 1,675 shares of the oil and gas producer’s stock worth $83,000 after acquiring an additional 688 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Evercore ISI decreased their target price on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a research report on Friday, October 3rd. JPMorgan Chase & Co. upped their target price on Occidental Petroleum from $49.00 to $50.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Melius started coverage on Occidental Petroleum in a report on Wednesday, August 20th. They set a “hold” rating and a $64.00 target price on the stock. Susquehanna dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating on the stock in a research report on Monday. Finally, UBS Group reduced their price target on shares of Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.26.

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $41.73 on Thursday. The company has a fifty day simple moving average of $45.29 and a 200-day simple moving average of $43.36. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $41.08 billion, a price-to-earnings ratio of 24.69 and a beta of 0.95. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $53.20.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. Occidental Petroleum’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. On average, equities analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, September 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.3%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 56.80%.

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.