S&CO Inc. Purchases 5,655 Shares of Occidental Petroleum Corporation $OXY

S&CO Inc. lifted its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,920 shares of the oil and gas producer’s stock after purchasing an additional 5,655 shares during the period. S&CO Inc.’s holdings in Occidental Petroleum were worth $5,247,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Occidental Petroleum in the first quarter worth $1,274,000. Kestra Private Wealth Services LLC lifted its position in shares of Occidental Petroleum by 5.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 17,086 shares of the oil and gas producer’s stock valued at $843,000 after buying an additional 906 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Occidental Petroleum by 77.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 139,086 shares of the oil and gas producer’s stock worth $5,843,000 after acquiring an additional 60,793 shares during the period. Tevis Investment Management purchased a new stake in Occidental Petroleum in the 2nd quarter worth about $356,000. Finally, Strs Ohio bought a new stake in Occidental Petroleum in the 1st quarter valued at about $7,516,000. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Performance

Shares of OXY opened at $41.26 on Monday. The stock has a 50-day moving average price of $44.22 and a 200-day moving average price of $43.68. The company has a market cap of $40.62 billion, a PE ratio of 24.42 and a beta of 0.91. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. Occidental Petroleum Corporation has a 12-month low of $34.78 and a 12-month high of $53.20.

Occidental Petroleum Dividend Announcement

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

Analyst Ratings Changes

OXY has been the topic of several recent research reports. Bank of America increased their target price on shares of Occidental Petroleum from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Evercore ISI dropped their price target on shares of Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. Melius Research initiated coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They issued a “hold” rating and a $64.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Occidental Petroleum from $49.00 to $50.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Finally, Wells Fargo & Company initiated coverage on Occidental Petroleum in a research report on Friday, October 17th. They set an “underweight” rating and a $42.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently 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.