Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC increased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,239 shares of the oil and gas producer’s stock after purchasing an additional 272 shares during the period. Evergreen Wealth Management LLC’s holdings in Occidental Petroleum were worth $790,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OXY. Stratos Wealth Partners LTD. boosted its stake in shares of Occidental Petroleum by 9.2% in the third quarter. Stratos Wealth Partners LTD. now owns 17,716 shares of the oil and gas producer’s stock worth $1,149,000 after acquiring an additional 1,486 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new stake in Occidental Petroleum during the 3rd quarter worth $500,000. Sage Mountain Advisors LLC purchased a new stake in shares of Occidental Petroleum during the third quarter worth $249,000. Everhart Financial Group Inc. raised its position in shares of Occidental Petroleum by 2.3% in the third quarter. Everhart Financial Group Inc. now owns 7,457 shares of the oil and gas producer’s stock valued at $484,000 after buying an additional 169 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its stake in shares of Occidental Petroleum by 12.0% in the third quarter. Verdence Capital Advisors LLC now owns 8,894 shares of the oil and gas producer’s stock worth $577,000 after buying an additional 955 shares in the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OXY has been the subject of several recent research reports. Truist Financial increased their price target on Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. HSBC initiated coverage on shares of Occidental Petroleum in a research report on Monday, April 8th. They issued a “hold” rating and a $65.00 price target for the company. Barclays initiated coverage on Occidental Petroleum in a report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price target on the stock. Finally, Susquehanna boosted their price objective on Occidental Petroleum from $70.00 to $81.00 and gave the stock a “positive” rating in a research report on Monday, April 22nd. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and an average price target of $71.94.

Occidental Petroleum Stock Performance

OXY traded down $0.27 on Friday, reaching $64.39. The company had a trading volume of 6,771,518 shares, compared to its average volume of 7,759,409. The stock has a 50-day moving average price of $64.80 and a 200-day moving average price of $61.35. The stock has a market capitalization of $57.08 billion, a PE ratio of 16.47 and a beta of 1.64. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The firm had revenue of $7.53 billion during the quarter, compared to analysts’ expectations of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The business’s revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. As a group, research analysts forecast that Occidental Petroleum Co. will post 3.81 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be issued a $0.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.37%. Occidental Petroleum’s payout ratio is 22.51%.

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.