Occidental Petroleum Corporation $OXY Holdings Reduced by Poehling Capital Management INC.

Poehling Capital Management INC. decreased its position in Occidental Petroleum Corporation (NYSE:OXY) by 10.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 99,262 shares of the oil and gas producer’s stock after selling 11,204 shares during the period. Poehling Capital Management INC.’s holdings in Occidental Petroleum were worth $4,082,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lighthouse Investment Partners LLC bought a new position in Occidental Petroleum in the 3rd quarter worth about $22,345,000. DNB Asset Management AS grew its position in Occidental Petroleum by 100.3% in the 3rd quarter. DNB Asset Management AS now owns 267,807 shares of the oil and gas producer’s stock worth $12,654,000 after purchasing an additional 134,128 shares during the last quarter. Mirabella Financial Services LLP boosted its holdings in shares of Occidental Petroleum by 154.7% in the third quarter. Mirabella Financial Services LLP now owns 29,566 shares of the oil and gas producer’s stock valued at $1,394,000 after acquiring an additional 17,958 shares in the last quarter. Gifford Fong Associates boosted its holdings in shares of Occidental Petroleum by 41.2% in the third quarter. Gifford Fong Associates now owns 171,429 shares of the oil and gas producer’s stock valued at $8,100,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Occidental Petroleum by 0.8% in 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 in the last quarter. Institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on OXY shares. Jefferies Financial Group increased their price objective on shares of Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a report on Monday, April 13th. Roth Mkm increased their price objective on shares of Occidental Petroleum from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, April 15th. Wolfe Research increased their price objective on shares of Occidental Petroleum from $67.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Zacks Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Capital One Financial decreased their price objective on shares of Occidental Petroleum from $69.00 to $67.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $62.43.

Occidental Petroleum Trading Up 1.7%

Shares of NYSE:OXY opened at $60.69 on Wednesday. The stock has a market capitalization of $60.37 billion, a price-to-earnings ratio of 15.29 and a beta of 0.17. Occidental Petroleum Corporation has a 1-year low of $38.80 and a 1-year high of $67.45. 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 company has a 50 day moving average price of $58.68 and a 200 day moving average price of $49.06.

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

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 26.20%.

Occidental Petroleum News Roundup

Here are the key news stories impacting Occidental Petroleum this week:

• Positive Sentiment: Analysts and market commentary say Occidental is showing strong momentum characteristics, which can draw in short-term buyers looking for stocks with improving trend strength. What Makes Occidental Petroleum (OXY) a Strong Momentum Stock: Buy Now?
• Positive Sentiment: Earnings estimate revisions have been rising, a sign that Wall Street expectations are improving and that OXY could have further upside if earnings continue to outperform. Earnings Estimates Rising for Occidental (OXY): Will It Gain?
• Positive Sentiment: Technical traders are also encouraged by OXY crossing above both its 20-day and 50-day moving averages, which is often viewed as a short-term bullish breakout and a sign that buying interest is strengthening. Occidental Petroleum (OXY) Crossed Above the 20-Day Moving Average: What That Means for Investors
• Positive Sentiment: The stock is also being highlighted as one of the better-performing oil names this year, with year-to-date gains suggesting momentum investors may continue to favor it over some peers. Occidental Petroleum Stock Is Up 45% This Year. Is It Outperforming Other Oil Stocks Like ConocoPhillips and Diamondback Energy?
• Neutral Sentiment: Additional coverage notes Occidental’s valuation screen looks attractive on an EV-to-EBITDA basis, but this is more of a stock-selection note than a direct catalyst. Earnings Estimates Rising for Occidental (OXY): Will It Gain?

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.