Wealthcare Advisory Partners LLC Has $385,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Wealthcare Advisory Partners LLC increased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 36.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,455 shares of the oil and gas producer’s stock after acquiring an additional 1,731 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Occidental Petroleum were worth $385,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in OXY. PFG Investments LLC lifted its position in shares of Occidental Petroleum by 2.7% during the 3rd quarter. PFG Investments LLC now owns 6,423 shares of the oil and gas producer’s stock worth $417,000 after buying an additional 170 shares during the period. VisionPoint Advisory Group LLC lifted its position in Occidental Petroleum by 1.2% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 14,754 shares of the oil and gas producer’s stock worth $957,000 after buying an additional 174 shares in the last quarter. Donoghue Forlines LLC increased its position in Occidental Petroleum by 2.2% in the 3rd quarter. Donoghue Forlines LLC now owns 8,971 shares of the oil and gas producer’s stock valued at $582,000 after acquiring an additional 191 shares in the last quarter. Chicago Partners Investment Group LLC raised its stake in shares of Occidental Petroleum by 4.2% in the third quarter. Chicago Partners Investment Group LLC now owns 4,904 shares of the oil and gas producer’s stock worth $308,000 after acquiring an additional 197 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Occidental Petroleum by 2.8% during the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,326 shares of the oil and gas producer’s stock worth $475,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

OXY has been the subject of a number of research reports. Truist Financial raised their price target on shares of Occidental Petroleum from $77.00 to $84.00 and gave the company a “buy” rating in a report on Friday, April 5th. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. HSBC started coverage on Occidental Petroleum in a report on Monday, April 8th. They set a “hold” rating and a $65.00 price objective for the company. Barclays assumed coverage on shares of Occidental Petroleum in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $73.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of Occidental Petroleum from $70.00 to $68.00 and set an “equal weight” rating on the stock in a report on Thursday. Nine analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and an average target price of $71.88.

Occidental Petroleum Stock Up 0.9 %

NYSE:OXY opened at $64.24 on Friday. The stock has a market cap of $56.95 billion, a price-to-earnings ratio of 16.43 and a beta of 1.64. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. The stock has a 50-day moving average price of $65.05 and a two-hundred day moving average price of $61.36. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.70 billion. During the same period in the prior year, the business earned $1.09 EPS. Occidental Petroleum’s revenue for the quarter was down 17.2% compared to the same quarter last year. As a group, equities analysts expect that Occidental Petroleum Co. will post 3.81 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a $0.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.88 annualized dividend and a yield of 1.37%. Occidental Petroleum’s dividend payout ratio is currently 22.51%.

Occidental Petroleum 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.