Occidental Petroleum Corporation $OXY Stock Bought by Vise Technologies Inc.

Vise Technologies Inc. raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 51.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,743 shares of the oil and gas producer’s stock after acquiring an additional 10,413 shares during the quarter. Vise Technologies Inc.’s holdings in Occidental Petroleum were worth $1,701,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Axiom Investment Management LLC bought a new position in Occidental Petroleum during the 1st quarter valued at about $25,000. GKV Capital Management Co. Inc. acquired a new position in shares of Occidental Petroleum in the 1st quarter worth approximately $26,000. William Mack & Associates Inc. bought a new stake in Occidental Petroleum during the 3rd quarter worth approximately $27,000. Hara Capital LLC bought a new position in Occidental Petroleum in the 2nd quarter valued at $25,000. Finally, Ballast Advisors LLC bought a new position in Occidental Petroleum in the 1st quarter valued at $39,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.2%

NYSE:OXY traded up $0.13 on Friday, hitting $56.49. 9,020,601 shares of the stock were exchanged, compared to its average volume of 8,615,304. The stock has a market capitalization of $56.47 billion, a price-to-earnings ratio of 8.75, a P/E/G ratio of 0.70 and a beta of 0.16. Occidental Petroleum Corporation has a 52 week low of $38.80 and a 52 week high of $67.45. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.13 and a current ratio of 1.41. The company’s 50-day moving average price is $60.05 and its 200 day moving average price is $56.29.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 5th. The oil and gas producer reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.57. Occidental Petroleum had a net margin of 28.36% and a return on equity of 15.31%. The company had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm earned $0.39 EPS. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. On average, equities research analysts forecast that Occidental Petroleum Corporation will post 6.81 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, December 10th. This represents a $1.12 annualized dividend and a dividend yield of 2.0%. Occidental Petroleum’s payout ratio is presently 17.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on OXY. Citigroup decreased their target price on Occidental Petroleum from $62.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, July 17th. The Goldman Sachs Group increased their price objective on shares of Occidental Petroleum from $69.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, October 27th. Wells Fargo & Company boosted their target price on shares of Occidental Petroleum from $79.00 to $82.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. Truist Financial upped their target price on shares of Occidental Petroleum from $63.00 to $64.00 and gave the stock a “hold” rating in a research report on Thursday, October 15th. Finally, Stifel Nicolaus began coverage on shares of Occidental Petroleum in a research note on Thursday, September 10th. They set a “hold” rating and a $68.00 price target on the stock. Twelve research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.88.

About Occidental Petroleum

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa.

Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods.

The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.