Occidental Petroleum Corporation $OXY Shares Sold by RBF Capital LLC

RBF Capital LLC decreased its position in Occidental Petroleum Corporation (NYSE:OXY) by 20.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 40,000 shares of the oil and gas producer’s stock after selling 10,000 shares during the period. RBF Capital LLC’s holdings in Occidental Petroleum were worth $1,645,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Woodline Partners LP boosted its stake in shares of Occidental Petroleum by 40.7% during the first quarter. Woodline Partners LP now owns 57,079 shares of the oil and gas producer’s stock valued at $2,817,000 after acquiring an additional 16,506 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Occidental Petroleum during the second quarter valued at $4,584,000. Federated Hermes Inc. boosted its stake in shares of Occidental Petroleum by 696.7% during the second quarter. Federated Hermes Inc. now owns 23,997 shares of the oil and gas producer’s stock valued at $1,008,000 after acquiring an additional 20,985 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Occidental Petroleum by 7.4% during the second quarter. Daiwa Securities Group Inc. now owns 105,767 shares of the oil and gas producer’s stock valued at $4,443,000 after acquiring an additional 7,285 shares during the last quarter. Finally, AXA S.A. boosted its stake in shares of Occidental Petroleum by 24.3% during the second quarter. AXA S.A. now owns 136,625 shares of the oil and gas producer’s stock valued at $5,740,000 after acquiring an additional 26,741 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY opened at $53.64 on Wednesday. The company has a market cap of $53.35 billion, a P/E ratio of 13.51 and a beta of 0.14. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.01 and a current ratio of 1.21. Occidental Petroleum Corporation has a one year low of $38.80 and a one year high of $67.45. The business’s 50-day simple moving average is $57.52 and its 200 day simple moving average is $51.32.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, May 5th. The oil and gas producer reported $1.06 EPS for the quarter, beating the consensus estimate of $0.60 by $0.46. The business had revenue of $5.11 billion for 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%.The company’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, sell-side analysts forecast that Occidental Petroleum Corporation will post 5.79 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 26.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. HSBC increased their price objective on Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Stephens increased their price objective on Occidental Petroleum from $59.00 to $74.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Barclays raised Occidental Petroleum from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $59.00 to $72.00 in a research note on Tuesday, May 26th. Jefferies Financial Group increased their price objective on Occidental Petroleum from $47.00 to $58.00 and gave the company a “hold” rating in a research note on Monday, April 13th. Finally, Weiss Ratings raised Occidental Petroleum from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $63.74.

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.