Occidental Petroleum Corporation $OXY Stock Holdings Lifted by Brighton Jones LLC

Brighton Jones LLC increased its stake in Occidental Petroleum Corporation (NYSE:OXY) by 108.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 65,199 shares of the oil and gas producer’s stock after buying an additional 33,863 shares during the period. Brighton Jones LLC’s holdings in Occidental Petroleum were worth $3,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Berkshire Hathaway Inc purchased a new stake in Occidental Petroleum in the 2nd quarter valued at about $12,868,205,000. State Street Corp grew its stake in Occidental Petroleum by 6.6% in the 2nd quarter. State Street Corp now owns 46,141,269 shares of the oil and gas producer’s stock worth $2,252,271,000 after acquiring an additional 2,870,472 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Occidental Petroleum by 84.8% during the second quarter. Bank of New York Mellon Corp now owns 10,643,916 shares of the oil and gas producer’s stock worth $516,975,000 after acquiring an additional 4,882,834 shares during the period. Danske Bank A S purchased a new position in shares of Occidental Petroleum during the second quarter worth approximately $172,413,000. Finally, Legal & General Group Plc bought a new stake in shares of Occidental Petroleum during the second quarter valued at approximately $168,860,000. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OXY. Stephens boosted their price target on Occidental Petroleum from $78.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, October 19th. Truist Financial raised their price objective on Occidental Petroleum from $63.00 to $64.00 and gave the stock a “hold” rating in a report on Thursday, October 15th. BMO Capital Markets restated a “market perform” rating and set a $68.00 price objective on shares of Occidental Petroleum in a report on Wednesday, October 14th. Piper Sandler assumed coverage on Occidental Petroleum in a research report on Tuesday, October 27th. They set a “neutral” rating and a $69.00 target price for the company. Finally, Stifel Nicolaus assumed coverage on Occidental Petroleum in a report on Thursday, September 10th. They issued a “hold” rating and a $68.00 target price for the company. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $67.88.

Occidental Petroleum Trading Up 0.2%

OXY opened at $56.49 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.13 and a debt-to-equity ratio of 0.40. The firm has a market cap of $56.47 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.65 and a beta of 0.16. Occidental Petroleum Corporation has a 12 month low of $38.80 and a 12 month high of $67.45. The stock has a fifty day moving average price of $60.05 and a 200-day moving average price of $56.29.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 10th will be issued a $0.28 dividend. The ex-dividend date is Thursday, December 10th. This represents a $1.12 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s payout ratio is currently 17.34%.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation is an energy and chemicals company headquartered in Houston, Texas. Its oil and gas business explores for and produces crude oil, natural gas liquids and natural gas, with operations in the United States and international markets, including the Middle East and North Africa.

Through its OxyChem business, Occidental manufactures and markets basic chemicals and vinyl products used in applications such as water treatment, construction and consumer goods.

The company also develops carbon management and lower-carbon technology projects, including carbon capture and storage.