69,724 Shares in Occidental Petroleum Corporation $OXY Bought by Leonteq Securities AG

Leonteq Securities AG purchased a new position in Occidental Petroleum Corporation (NYSE:OXY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 69,724 shares of the oil and gas producer’s stock, valued at approximately $2,867,000.

Several other large investors also recently bought and sold shares of OXY. Wellington Management Group LLP increased its position in Occidental Petroleum by 1,029.9% in the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock worth $70,580,000 after purchasing an additional 1,361,541 shares during the last quarter. AQR Capital Management LLC increased its position in Occidental Petroleum by 134.3% during the third quarter. AQR Capital Management LLC now owns 1,815,821 shares of the oil and gas producer’s stock valued at $85,798,000 after acquiring an additional 1,040,941 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Occidental Petroleum by 11.5% during the third quarter. Dimensional Fund Advisors LP now owns 8,718,939 shares of the oil and gas producer’s stock valued at $412,045,000 after acquiring an additional 900,677 shares during the last quarter. Aventail Capital Group LP bought a new position in Occidental Petroleum during the third quarter valued at $39,613,000. Finally, Vanguard Group Inc. increased its position in Occidental Petroleum by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock valued at $3,696,716,000 after acquiring an additional 699,137 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of analyst reports. Zacks Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Wolfe Research boosted their price objective on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Wells Fargo & Company boosted their price objective on shares of Occidental Petroleum from $69.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, April 9th. Piper Sandler upgraded shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $54.00 to $66.00 in a research report on Thursday, March 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.43.

Occidental Petroleum Trading Down 3.0%

NYSE OXY opened at $58.85 on Thursday. The company’s 50-day moving average price is $58.75 and its 200-day moving average price is $49.18. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market cap of $58.54 billion, a PE ratio of 14.82 and a beta of 0.17. Occidental Petroleum Corporation has a 12 month low of $38.80 and a 12 month high of $67.45.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. Equities research analysts forecast that Occidental Petroleum Corporation will post 5.14 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio is 26.20%.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.