Occidental Petroleum Co. (NYSE:OXY) Shares Bought by Swedbank AB

Swedbank AB grew its position in Occidental Petroleum Co. (NYSE:OXY) by 50.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 282,054 shares of the oil and gas producer’s stock after acquiring an additional 94,856 shares during the period. Swedbank AB’s holdings in Occidental Petroleum were worth $14,537,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Commerzbank Aktiengesellschaft FI raised its holdings in Occidental Petroleum by 2.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer’s stock worth $573,000 after purchasing an additional 175 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Occidental Petroleum by 0.6% in the second quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer’s stock valued at $1,735,000 after buying an additional 176 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Occidental Petroleum by 1.0% during the 2nd quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer’s stock worth $1,109,000 after buying an additional 182 shares during the period. Gateway Advisory LLC lifted its position in shares of Occidental Petroleum by 3.9% during the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer’s stock valued at $306,000 after buying an additional 184 shares in the last quarter. Finally, Joule Financial LLC grew its stake in Occidental Petroleum by 2.5% in the 2nd quarter. Joule Financial LLC now owns 7,863 shares of the oil and gas producer’s stock valued at $497,000 after acquiring an additional 191 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Performance

NYSE OXY opened at $49.81 on Wednesday. The stock has a market cap of $46.74 billion, a PE ratio of 12.97 and a beta of 1.58. Occidental Petroleum Co. has a twelve month low of $48.42 and a twelve month high of $71.18. The stock has a fifty day simple moving average of $51.72 and a 200-day simple moving average of $56.72. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

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 given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is presently 22.92%.

Analyst Ratings Changes

Several research firms have issued reports on OXY. Wells Fargo & Company decreased their price objective on shares of Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, September 27th. The Goldman Sachs Group assumed coverage on shares of Occidental Petroleum in a research note on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 price target on the stock. TD Cowen cut their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. BMO Capital Markets decreased their target price on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a research report on Friday, October 4th. Finally, UBS Group dropped their price target on Occidental Petroleum from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average target price of $63.25.

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.