Everence Capital Management Inc. boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 36.1% in the first quarter, Holdings Channel reports. The fund owned 54,205 shares of the oil and gas producer’s stock after purchasing an additional 14,365 shares during the quarter. Occidental Petroleum makes up 0.6% of Everence Capital Management Inc.’s portfolio, making the stock its 28th largest position. Everence Capital Management Inc.’s holdings in Occidental Petroleum were worth $3,588,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. We Are One Seven LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth $25,000. Country Trust Bank raised its holdings in shares of Occidental Petroleum by 434.6% in the fourth quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 339 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Occidental Petroleum in the fourth quarter worth $28,000. Heritage Trust Co raised its holdings in shares of Occidental Petroleum by 496.2% in the fourth quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 387 shares during the last quarter. Finally, Sontag Advisory LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth $32,000. 84.05% of the stock is owned by institutional investors.

OXY opened at $53.43 on Wednesday. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The firm has a market cap of $40.51 billion, a price-to-earnings ratio of 10.66, a P/E/G ratio of 2.83 and a beta of 0.76. Occidental Petroleum Co. has a 52-week low of $53.51 and a 52-week high of $87.67.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Sunday, May 5th. The oil and gas producer reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.02 billion. Occidental Petroleum had a net margin of 21.17% and a return on equity of 17.70%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. On average, research analysts anticipate that Occidental Petroleum Co. will post 3.83 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 5.84%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s payout ratio is 62.28%.

A number of research analysts have issued reports on OXY shares. Royal Bank of Canada raised their price target on shares of Occidental Petroleum to $76.00 in a report on Tuesday, May 7th. Morgan Stanley set a $72.00 price objective on shares of Occidental Petroleum and gave the stock a “buy” rating in a research note on Thursday, February 14th. Mizuho reiterated a “buy” rating and issued a $82.00 price objective on shares of Occidental Petroleum in a research note on Wednesday, February 13th. Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, April 16th. Finally, ValuEngine upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $77.66.

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About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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