Evelyn Partners Investment Management Europe Ltd Has $69,000 Stock Holdings in Occidental Petroleum Corporation $OXY

Evelyn Partners Investment Management Europe Ltd boosted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 994.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,641 shares of the oil and gas producer’s stock after buying an additional 1,491 shares during the period. Evelyn Partners Investment Management Europe Ltd’s holdings in Occidental Petroleum were worth $69,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Northeast Financial Consultants Inc grew its position in shares of Occidental Petroleum by 0.4% in the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock valued at $2,890,000 after purchasing an additional 242 shares during the last quarter. Inspire Investing LLC grew its holdings in Occidental Petroleum by 3.8% in the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after buying an additional 247 shares in the last quarter. S.A. Mason LLC increased its position in Occidental Petroleum by 5.9% during the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after buying an additional 295 shares during the period. Moody National Bank Trust Division lifted its holdings in shares of Occidental Petroleum by 2.0% during the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock worth $644,000 after buying an additional 300 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of Occidental Petroleum by 3.7% in the second quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock valued at $354,000 after acquiring an additional 300 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OXY has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Piper Sandler lowered their target price on shares of Occidental Petroleum from $47.00 to $46.00 and set a “neutral” rating on the stock in a report on Tuesday. Scotiabank lifted their price target on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on Occidental Petroleum from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Finally, Susquehanna lifted their price objective on Occidental Petroleum from $54.00 to $55.00 and gave the company a “positive” rating in a report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.24.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY opened at $41.47 on Friday. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The stock has a market capitalization of $40.86 billion, a price-to-earnings ratio of 24.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83. The company’s 50 day simple moving average is $43.34 and its 200 day simple moving average is $43.75.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, research analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 10th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.96 annualized dividend and a yield of 2.3%. Occidental Petroleum’s dividend payout ratio (DPR) is 70.59%.

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.