Jeppson Wealth Administration LLC diminished its stake in shares of Occidental Petroleum Co. (NYSE: OXY – Get Ranking ) by 5.0% within the fourth quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 42,278 shares of the oil and fuel producer’s inventory after promoting 2,206 shares in the course of the quarter. Occidental Petroleum makes up roughly 1.1% of Jeppson Wealth Administration LLC’s holdings, making the inventory its 18th largest place. Jeppson Wealth Administration LLC’s holdings in Occidental Petroleum had been value $2,663,000 on the finish of the latest reporting interval.
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Quite a lot of different hedge funds have additionally not too long ago added to or diminished their stakes within the inventory. Miller Wealth Advisors LLC raised its stake in shares of Occidental Petroleum by 29.6% within the 4th quarter. Miller Wealth Advisors LLC now owns 2,590 shares of the oil and fuel producer’s inventory valued at $161,000 after buying an extra 592 shares in the course of the interval. Greenup Avenue Wealth Administration LLC bought a brand new stake in shares of Occidental Petroleum in the course of the fourth quarter value about $203,000. Oregon Public Workers Retirement Fund boosted its place in shares of Occidental Petroleum by 13.7% in the course of the fourth quarter. Oregon Public Workers Retirement Fund now owns 215,325 shares of the oil and fuel producer’s inventory value $13,563,000 after shopping for an extra 25,940 shares in the course of the interval. Comerica Financial institution boosted its holdings in Occidental Petroleum by 18.0% within the 4th quarter. Comerica Financial institution now owns 127,742 shares of the oil and fuel producer’s inventory value $8,267,000 after shopping for an extra 19,481 shares within the final quarter. Lastly, Barden Capital Administration Inc. elevated its place in Occidental Petroleum by 2.1% within the 4th quarter. Barden Capital Administration Inc. now owns 16,190 shares of the oil and fuel producer’s inventory valued at $1,014,000 after buying an extra 334 shares in the course of the interval. At the moment, 78.45% of the shares are owned by institutional buyers.
Modifications in analysts’ scores
A number of analysts not too long ago issued experiences on OXY shares. Mizuho upped their goal worth on Occidental Petroleum from $82.00 to $83.00 in a analysis word on Friday, March tenth. Raymond James reduce their worth goal on shares of Occidental Petroleum from $80.00 to $75.00 and set a “strong-buy” score on the inventory in a analysis report on Friday, March thirty first. TD Cowen upgraded shares of Occidental Petroleum from a “market carry out” score to an “outperform” score and upped their worth goal for the corporate from $63.00 to $70.00 in a report on Tuesday, March twenty eighth. Morgan Stanley reduce their worth goal on Occidental Petroleum from $71.00 to $62.00 and set an “equal weight” score on the inventory in a report on Monday, March twenty seventh. Lastly, StockNews.com started protection on Occidental Petroleum in a analysis word on Thursday, March sixteenth. They gave the corporate a “maintain” score. Two analysts have rated the inventory with a promote score, ten have given a maintain score, seven have given a purchase score and one has issued a powerful purchase score to the corporate’s inventory. The corporate presently has a consensus score of “Maintain” and a mean goal worth of $74.61, based on MarketBeat.
Occidental Petroleum Buying and selling fell 2.4%
OXY inventory traded down $1.53 throughout noon buying and selling on Friday, hitting $63.04. The inventory had a buying and selling quantity of 10,480,902 shares in comparison with its common quantity of 17,197,198 shares. Occidental Petroleum Co. has a fifty-two week low of $51.53 and a fifty-two week excessive of $77.13. The enterprise has a 50-day easy transferring common of $61.49 and a 200-day easy transferring common of $64.84. The corporate has a present ratio of 1.15, a gearing ratio of 0.88, and a debt-to-equity ratio of 0.97. The agency has a market cap of $56.62 billion, a P/E ratio of 5.09, a price-to-earnings ratio of 0.51 and a beta of 1.78.
Occidental Petroleum (NYSE:OXY – Get Ranking ) final posted its quarterly earnings information on Monday, February twenty seventh. The oil and fuel producer reported $1.61 EPS for the quarter, lacking analysts’ consensus estimates of $1.83 by $0.22. The corporate had income of $8.22 billion for the quarter, in comparison with analyst estimates of $8.21 billion. Occidental Petroleum’s return on fairness was 52.68% and its internet margin was 35.87%. The corporate’s income for the quarter grew by 97.6% in comparison with the identical interval final yr. For a similar interval final yr, earnings per share had been $1.48. General, inventory analysts predict that Occidental Petroleum Co. shall be 5.79 earnings per share within the present yr.
Occidental Petroleum Will increase Dividend
The agency additionally not too long ago disclosed a quarterly dividend, which shall be paid on Monday, April seventeenth. Traders of report on Friday, March tenth shall be paid a $0.18 dividend. This is a rise from Occidental Petroleum’s earlier quarterly dividend of $0.13. This represents a $0.72 annualized dividend and a yield of 1.14%. The ex-dividend date is Thursday, March 9. Occidental Petroleum’s dividend payout ratio is at the moment 5.82%.
Insiders make bets
In associated information, main shareholder Berkshire Hathaway Inc bought 1,518,001 shares of Occidental Petroleum inventory in a transaction that occurred on Wednesday, March fifteenth. The shares had been bought at a mean worth of $56.70 per share, for a complete worth of $86,070,656.70. Following the completion of the transaction, the insider now instantly owns 208,040,405 shares within the firm, valued at $11,795,890,963.50. The transaction was disclosed in a authorized submitting with the Securities and Alternate Fee, which could be accessed by means of the SEC’s web site. Insiders bought 12,371,716 shares of firm inventory valued at $735,557,715 over the past ninety days. 0.31% of shares are at the moment owned by firm insiders.
About Occidental Petroleum
(Get Ranking)
Occidental Petroleum Corp. engages in exploration and manufacturing of oil and pure fuel. It operates by means of the next segments: Oil & Gasoline, Chemical substances and Midstream & Advertising. The Oil and Gasoline phase is engaged within the exploration, improvement and manufacturing of oil and condensate, pure fuel liquids and pure fuel.
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