24,175 Shares in Occidental Petroleum Corporation $OXY Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,175 shares of the oil and gas producer’s stock, valued at approximately $994,000.

Other large investors have also recently bought and sold shares of the company. Activest Wealth Management raised its position in Occidental Petroleum by 68.5% in the fourth quarter. Activest Wealth Management now owns 750 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 305 shares during the last quarter. Binnacle Investments Inc bought a new position in Occidental Petroleum in the third quarter valued at about $35,000. Garner Asset Management Corp bought a new position in Occidental Petroleum in the fourth quarter valued at about $37,000. Elyxium Wealth LLC bought a new position in Occidental Petroleum in the fourth quarter valued at about $39,000. Finally, JPL Wealth Management LLC bought a new position in Occidental Petroleum in the third quarter valued at about $52,000. 88.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OXY has been the subject of several research reports. UBS Group dropped their target price on Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating for the company in a research report on Thursday, May 7th. Argus upgraded Occidental Petroleum to a “hold” rating in a research report on Friday, February 27th. HSBC increased their target price on Occidental Petroleum from $59.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Stephens increased their target price on Occidental Petroleum from $59.00 to $74.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Finally, Capital One Financial lowered their price objective on Occidental Petroleum from $69.00 to $67.00 and set an “equal weight” rating for the company in a research report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued 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.com, the stock presently has an average rating of “Hold” and an average price target of $62.43.

Occidental Petroleum Price Performance

Shares of OXY opened at $58.85 on Thursday. 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 current ratio of 1.21 and a quick ratio of 1.01. The company has a market capitalization of $58.54 billion, a price-to-earnings ratio of 14.82 and a beta of 0.17. The business has a 50-day moving average of $58.75 and a 200-day moving average of $49.18.

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

Occidental Petroleum Announces Dividend

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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 annualized dividend and a yield of 1.8%. Occidental Petroleum’s dividend payout ratio (DPR) is currently 26.20%.

Occidental Petroleum Company 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.