Keynote Financial Services LLC Has $2.05 Million Position in Occidental Petroleum Corporation $OXY

Keynote Financial Services LLC raised its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,717 shares of the oil and gas producer’s stock after buying an additional 1,326 shares during the quarter. Occidental Petroleum accounts for approximately 1.4% of Keynote Financial Services LLC’s holdings, making the stock its 14th biggest holding. Keynote Financial Services LLC’s holdings in Occidental Petroleum were worth $2,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Northeast Financial Consultants Inc lifted its stake in Occidental Petroleum by 0.4% during the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock worth $2,890,000 after purchasing an additional 242 shares during the period. Inspire Investing LLC raised its holdings in shares of Occidental Petroleum by 3.8% in the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock worth $282,000 after buying an additional 247 shares in the last quarter. S.A. Mason LLC lifted its position in shares of Occidental Petroleum by 5.9% during the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after buying an additional 295 shares during the period. Moody National Bank Trust Division boosted its stake in Occidental Petroleum by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock valued at $644,000 after buying an additional 300 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its position in Occidental Petroleum by 3.7% in the second quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock valued at $354,000 after acquiring an additional 300 shares during the period. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $41.79 on Tuesday. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $44.10 and its 200-day moving average is $43.69. The firm has a market capitalization of $41.14 billion, a price-to-earnings ratio of 24.73 and a beta of 0.91.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company posted $1.00 EPS. Occidental Petroleum’s revenue was down 6.1% on a year-over-year basis. Sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio is 56.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OXY shares. Wells Fargo & Company assumed coverage on shares of Occidental Petroleum in a research note on Friday, October 17th. They issued an “underweight” rating and a $42.00 target price on the stock. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Melius Research initiated coverage on shares of Occidental Petroleum in a research note on Wednesday, August 20th. They set a “hold” rating and a $64.00 price objective on the stock. Melius began coverage on Occidental Petroleum in a report on Wednesday, August 20th. They issued a “hold” rating and a $64.00 target price on the stock. Finally, Morgan Stanley restated an “equal weight” rating and set a $52.00 price target on shares of Occidental Petroleum in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.26.

Occidental Petroleum Company 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.