Swedbank AB Has $32.39 Million Stock Position in Occidental Petroleum Corporation $OXY

Swedbank AB raised its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 4.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 787,586 shares of the oil and gas producer’s stock after acquiring an additional 35,905 shares during the quarter. Swedbank AB owned approximately 0.08% of Occidental Petroleum worth $32,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its position in Occidental Petroleum by 68.5% in the 4th quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 305 shares during the period. Binnacle Investments Inc acquired a new position in Occidental Petroleum in the 3rd quarter valued at approximately $35,000. Garner Asset Management Corp acquired a new position in Occidental Petroleum in the 4th quarter valued at approximately $37,000. Elyxium Wealth LLC acquired a new position in Occidental Petroleum in the 4th quarter valued at approximately $39,000. Finally, Byrne Asset Management LLC increased its position in Occidental Petroleum by 96.9% in the 4th quarter. Byrne Asset Management LLC now owns 1,219 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 600 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on OXY shares. Stephens upped their price target on shares of Occidental Petroleum from $59.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group raised shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $64.00 price objective on the stock in a research note on Thursday. Roth Mkm upped their price objective on shares of Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Susquehanna upped their price objective on shares of Occidental Petroleum from $60.00 to $67.00 and gave the company a “positive” rating in a research note on Tuesday, April 21st. Finally, Capital One Financial reduced their price objective on shares of Occidental Petroleum from $69.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Monday, April 13th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $62.91.

Occidental Petroleum Stock Up 0.0%

Shares of NYSE OXY opened at $58.82 on Monday. The firm has a market cap of $58.50 billion, a PE ratio of 14.82 and a beta of 0.17. Occidental Petroleum Corporation has a 12-month low of $38.80 and a 12-month high of $67.45. The company’s fifty day simple moving average is $58.94 and its 200 day simple moving average is $49.43. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.46. The business had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.44 billion. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. Occidental Petroleum’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 earnings per share. As a group, sell-side analysts forecast that Occidental Petroleum Corporation will post 5.33 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors 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 annualized dividend and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio is currently 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.