Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,238 shares of the oil and gas producer’s stock after purchasing an additional 1,469 shares during the period. Occidental Petroleum makes up 0.9% of Jeppson Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. Jeppson Wealth Management LLC’s holdings in Occidental Petroleum were worth $2,383,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its position in shares of Occidental Petroleum by 16.9% during the third quarter. Venturi Wealth Management LLC now owns 1,920 shares of the oil and gas producer’s stock worth $99,000 after acquiring an additional 278 shares during the last quarter. Kennebec Savings Bank acquired a new stake in Occidental Petroleum during the 3rd quarter valued at approximately $93,000. Ashton Thomas Securities LLC increased its holdings in Occidental Petroleum by 282.6% during the 3rd quarter. Ashton Thomas Securities LLC now owns 41,628 shares of the oil and gas producer’s stock worth $2,146,000 after purchasing an additional 30,749 shares during the last quarter. Intrinsic Value Partners LLC raised its position in shares of Occidental Petroleum by 101.2% in the 3rd quarter. Intrinsic Value Partners LLC now owns 38,370 shares of the oil and gas producer’s stock valued at $1,978,000 after purchasing an additional 19,295 shares in the last quarter. Finally, Asset Management Advisors LLC boosted its stake in shares of Occidental Petroleum by 0.8% during the 3rd quarter. Asset Management Advisors LLC now owns 118,345 shares of the oil and gas producer’s stock valued at $6,100,000 after buying an additional 895 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of several recent analyst reports. Scotiabank cut their price target on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Barclays cut their target price on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. The Goldman Sachs Group began coverage on Occidental Petroleum in a research note on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 price target for the company. Susquehanna cut their price objective on Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Finally, Bank of America began coverage on Occidental Petroleum in a research report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 target price for the company. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $64.78.

Insiders Place Their Bets

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Occidental Petroleum Trading Up 0.6 %

NYSE:OXY opened at $50.81 on Tuesday. Occidental Petroleum Co. has a 1 year low of $49.51 and a 1 year high of $71.18. The business has a fifty day moving average of $52.20 and a 200-day moving average of $57.96. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. The stock has a market cap of $46.01 billion, a price-to-earnings ratio of 12.51 and a beta of 1.58.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.73%. Occidental Petroleum’s payout ratio is 21.67%.

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.