Occidental Petroleum Co. (NYSE:OXY) Position Increased by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC raised its stake in Occidental Petroleum Co. (NYSE:OXY) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,238 shares of the oil and gas producer’s stock after buying an additional 1,469 shares during the period. Occidental Petroleum makes up about 0.9% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Jeppson Wealth Management LLC’s holdings in Occidental Petroleum were worth $2,383,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Himalaya Capital Management LLC purchased a new stake in Occidental Petroleum during the second quarter valued at about $92,433,000. Clean Energy Transition LLP acquired a new position in Occidental Petroleum in the 1st quarter worth approximately $67,601,000. Sarasin & Partners LLP purchased a new position in Occidental Petroleum during the 2nd quarter worth approximately $63,880,000. Scharf Investments LLC acquired a new stake in Occidental Petroleum during the 2nd quarter valued at $42,744,000. Finally, American Century Companies Inc. lifted its holdings in shares of Occidental Petroleum by 16.8% in the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock valued at $233,687,000 after purchasing an additional 532,318 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 0.6 %

Shares of OXY stock opened at $50.81 on Tuesday. The stock’s 50 day simple moving average is $52.20 and its 200 day simple moving average is $57.96. Occidental Petroleum Co. has a twelve month low of $49.51 and a twelve month high of $71.18. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. The company has a market capitalization of $46.01 billion, a price-to-earnings ratio of 12.51 and a beta of 1.58.

Occidental Petroleum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is 21.67%.

Analyst Upgrades and Downgrades

OXY has been the topic of several recent analyst reports. The Goldman Sachs Group assumed coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price target on the stock. Susquehanna reduced their price target on shares of Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating for the company in a research report on Friday, October 18th. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Mizuho dropped their price objective on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Finally, Truist Financial lowered their price target on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $64.78.

Insider Buying and Selling

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of Occidental Petroleum stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is owned by insiders.

About Occidental Petroleum

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.