Sequoia Financial Advisors LLC Purchases 13,882 Shares of Occidental Petroleum Corporation $OXY

Sequoia Financial Advisors LLC lifted its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 55.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,095 shares of the oil and gas producer’s stock after acquiring an additional 13,882 shares during the period. Sequoia Financial Advisors LLC’s holdings in Occidental Petroleum were worth $2,541,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Occidental Petroleum by 21.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock valued at $436,008,000 after purchasing an additional 1,883,721 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Occidental Petroleum by 54.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock valued at $162,820,000 after buying an additional 1,393,638 shares in the last quarter. Wellington Management Group LLP raised its position in shares of 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 valued at $70,580,000 after buying an additional 1,361,541 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Occidental Petroleum by 18.9% in the fourth quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock valued at $276,772,000 after buying an additional 1,071,948 shares during the period. Finally, AQR Capital Management LLC grew 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 worth $85,798,000 after buying an additional 1,040,941 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Insider Buying and Selling at Occidental Petroleum

In related news, CEO Richard A. Jackson purchased 4,770 shares of Occidental Petroleum stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the purchase, the chief executive officer owned 444,098 shares in the company, valued at approximately $23,261,853.24. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.50% of the company’s stock.

Occidental Petroleum Trading Down 0.4%

Shares of OXY opened at $54.60 on Wednesday. Occidental Petroleum Corporation has a 52-week low of $38.80 and a 52-week high of $67.45. The business’s fifty day moving average is $54.80 and its 200-day moving average is $52.75. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. The firm has a market cap of $54.31 billion, a price-to-earnings ratio of 13.75 and a beta of 0.15.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.46. The business had revenue of $5.11 billion during the quarter, compared to the consensus estimate of $5.44 billion. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.Occidental Petroleum’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 EPS. Equities analysts anticipate that Occidental Petroleum Corporation will post 5.93 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th will be issued 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 dividend yield of 1.9%. Occidental Petroleum’s dividend payout ratio is 26.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Capital One Financial lifted their price objective on Occidental Petroleum from $67.00 to $70.00 in a report on Wednesday, May 27th. The Goldman Sachs Group decreased their price target on Occidental Petroleum from $64.00 to $60.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their price target on Occidental Petroleum from $64.00 to $63.00 in a research note on Thursday, May 7th. Truist Financial cut their price objective on shares of Occidental Petroleum from $65.00 to $57.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Finally, UBS Group decreased their target price on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and sixteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.26.

Occidental Petroleum 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.