Occidental Petroleum Co. (NYSE:OXY) Stock Position Lifted by Journey Advisory Group LLC

Journey Advisory Group LLC grew its position in Occidental Petroleum Co. (NYSE:OXY) by 33.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,334 shares of the oil and gas producer’s stock after acquiring an additional 2,349 shares during the quarter. Journey Advisory Group LLC’s holdings in Occidental Petroleum were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its position in shares of Occidental Petroleum by 14.2% in the 1st quarter. Advisors Asset Management Inc. now owns 33,180 shares of the oil and gas producer’s stock worth $2,156,000 after buying an additional 4,125 shares during the last quarter. 1832 Asset Management L.P. boosted its stake in Occidental Petroleum by 42.8% in the first quarter. 1832 Asset Management L.P. now owns 59,634 shares of the oil and gas producer’s stock valued at $3,876,000 after acquiring an additional 17,867 shares during the period. LRI Investments LLC bought a new position in shares of Occidental Petroleum during the first quarter valued at approximately $51,000. Lazard Asset Management LLC raised its position in shares of Occidental Petroleum by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 12,470 shares of the oil and gas producer’s stock worth $809,000 after purchasing an additional 589 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Occidental Petroleum by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 904,081 shares of the oil and gas producer’s stock worth $58,757,000 after purchasing an additional 8,863 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OXY has been the subject of a number of recent research reports. Susquehanna lowered their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research note on Thursday, November 14th. BMO Capital Markets lowered their price target on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Barclays cut their price objective on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Jefferies Financial Group upped their target price on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. Finally, Raymond James lifted their price target on Occidental Petroleum from $77.00 to $78.00 and gave the company a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $63.70.

Occidental Petroleum Price Performance

Shares of NYSE OXY opened at $51.93 on Friday. Occidental Petroleum Co. has a twelve month low of $48.42 and a twelve month high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The firm has a 50-day moving average of $51.79 and a two-hundred day moving average of $56.96. The company has a market capitalization of $48.73 billion, a price-to-earnings ratio of 13.52 and a beta of 1.58.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be issued a $0.22 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.69%. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

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.