Occidental Petroleum Corporation $OXY Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 43.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,130,736 shares of the oil and gas producer’s stock after acquiring an additional 341,685 shares during the quarter. Gotham Asset Management LLC’s holdings in Occidental Petroleum were worth $46,496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Activest Wealth Management grew its holdings in Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 305 shares during the period. Binnacle Investments Inc acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $35,000. Rossby Financial LCC lifted its position in shares of Occidental Petroleum by 155.0% during the 4th quarter. Rossby Financial LCC now owns 765 shares of the oil and gas producer’s stock valued at $31,000 after buying an additional 465 shares in the last quarter. McMillan Office Inc. acquired a new stake in Occidental Petroleum in the 4th quarter valued at $35,000. Finally, Garner Asset Management Corp purchased a new stake in Occidental Petroleum in the 4th quarter worth $37,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of several recent analyst reports. UBS Group decreased their price objective on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Weiss Ratings upgraded shares of Occidental Petroleum from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Raymond James Financial raised their price target on shares of Occidental Petroleum from $64.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, May 4th. The Goldman Sachs Group upgraded Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $64.00 price objective for the company in a research note on Thursday, May 21st. Finally, Wells Fargo & Company increased their target price on shares of Occidental Petroleum from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.74.

Key Stories Impacting Occidental Petroleum

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Several recent articles highlight OXY as an attractive value stock, citing its appealing EV-to-EBITDA ratio and solid earnings outlook, which may be supporting bargain-hunting interest. 5 Value Stocks With Attractive EV-to-EBITDA Ratios to Scoop Up
• Positive Sentiment: Analyst-style coverage says Occidental has outperformed the industry over the past six months, helped by Permian expansion, CrownRock integration gains, and the Bandit discovery, all of which point to improving operating momentum. Occidental Outperforms Industry in the Past Six Months: Buy or Wait?
• Positive Sentiment: OXY was included in a piece on women-run companies viewed as strong investments, adding a small thematic boost to the stock’s visibility. Do Women-Run Companies Make Better Investments? 5 Stocks to Buy

Occidental Petroleum Price Performance

OXY stock opened at $52.97 on Thursday. The business has a 50 day moving average price of $57.32 and a 200 day moving average price of $51.40. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45. 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 stock has a market cap of $52.69 billion, a price-to-earnings ratio of 13.34 and a beta of 0.14.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The business’s revenue was down 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Equities research analysts anticipate that Occidental Petroleum Corporation will post 5.79 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The company 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 $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 26.20%.

Occidental Petroleum Company Profile

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.