Occidental Petroleum Corporation $OXY is Volterra Technologies LP’s 9th Largest Position

Volterra Technologies LP boosted its position in Occidental Petroleum Corporation (NYSE:OXY) by 225.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,045 shares of the oil and gas producer’s stock after purchasing an additional 37,459 shares during the period. Occidental Petroleum comprises 0.4% of Volterra Technologies LP’s portfolio, making the stock its 9th biggest holding. Volterra Technologies LP’s holdings in Occidental Petroleum were worth $3,513,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Occidental Petroleum by 12.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,765 shares of the oil and gas producer’s stock worth $111,000 after purchasing an additional 196 shares during the period. Athena Wealth Management LLC increased its holdings in Occidental Petroleum by 1.2% during the first quarter. Athena Wealth Management LLC now owns 18,547 shares of the oil and gas producer’s stock valued at $1,206,000 after buying an additional 214 shares during the last quarter. Carrera Capital Advisors raised its position in Occidental Petroleum by 0.5% in the fourth quarter. Carrera Capital Advisors now owns 44,279 shares of the oil and gas producer’s stock worth $1,831,000 after acquiring an additional 227 shares during the period. Summit Securities Group LLC boosted its stake in shares of Occidental Petroleum by 18.5% during the 4th quarter. Summit Securities Group LLC now owns 1,469 shares of the oil and gas producer’s stock worth $60,000 after acquiring an additional 229 shares during the last quarter. Finally, Apella Capital LLC boosted its stake in shares of Occidental Petroleum by 3.4% during the 4th quarter. Apella Capital LLC now owns 7,019 shares of the oil and gas producer’s stock worth $289,000 after acquiring an additional 233 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OXY shares. BMO Capital Markets upped their price objective on Occidental Petroleum from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. lowered their target price on Occidental Petroleum from $64.00 to $63.00 in a research report on Thursday, May 7th. Roth Capital upped their price target on Occidental Petroleum from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Wolfe Research raised their price objective on Occidental Petroleum from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Finally, Capital One Financial lifted their price objective on Occidental Petroleum from $67.00 to $70.00 in a research report on Wednesday, May 27th. Ten research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.17.

Occidental Petroleum Stock Up 0.3%

OXY opened at $57.68 on Friday. The stock has a market cap of $57.37 billion, a price-to-earnings ratio of 14.53 and a beta of 0.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. The firm’s fifty day moving average is $54.85 and its 200 day moving average is $53.47. Occidental Petroleum Corporation has a fifty-two week low of $38.80 and a fifty-two week high of $67.45.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. The business had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.Occidental Petroleum’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. On average, sell-side analysts forecast that Occidental Petroleum Corporation will post 5.66 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 26.20%.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, CEO Richard A. Jackson bought 4,770 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average price of $52.38 per share, with a total value of $249,852.60. Following the purchase, the chief executive officer owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

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.