Public Employees Retirement System of Ohio Grows Stake in Occidental Petroleum Co. (NYSE:OXY)

Public Employees Retirement System of Ohio lifted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 297,345 shares of the oil and gas producer’s stock after acquiring an additional 10,896 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Occidental Petroleum were worth $15,325,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Occidental Petroleum by 4.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 202,386 shares of the oil and gas producer’s stock valued at $10,431,000 after purchasing an additional 9,493 shares in the last quarter. Anson Funds Management LP boosted its position in Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock valued at $39,453,000 after acquiring an additional 745,050 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in shares of Occidental Petroleum by 9.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 42,736 shares of the oil and gas producer’s stock worth $2,203,000 after acquiring an additional 3,675 shares during the period. XTX Topco Ltd raised its position in shares of Occidental Petroleum by 42.8% in the 3rd quarter. XTX Topco Ltd now owns 5,797 shares of the oil and gas producer’s stock worth $299,000 after acquiring an additional 1,738 shares in the last quarter. Finally, EP Wealth Advisors LLC boosted its position in shares of Occidental Petroleum by 263.1% during the third quarter. EP Wealth Advisors LLC now owns 12,655 shares of the oil and gas producer’s stock valued at $652,000 after purchasing an additional 9,170 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Down 0.9 %

Occidental Petroleum stock opened at $48.05 on Wednesday. Occidental Petroleum Co. has a 52-week low of $47.20 and a 52-week high of $71.18. The company has a market cap of $45.09 billion, a P/E ratio of 12.51 and a beta of 1.57. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The business has a 50-day simple moving average of $51.37 and a two-hundred day simple moving average of $55.86.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s payout ratio is 22.92%.

Analyst Ratings Changes

Several equities analysts have commented on OXY shares. Jefferies Financial Group raised their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. Scotiabank dropped their price objective on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Susquehanna lowered their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Mizuho lowered their price objective on Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.75.

Occidental Petroleum 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.