Advisor Resource Council Takes Position in Occidental Petroleum Corporation (NYSE: OXY)
Advisor Resource Council purchased a new stake in Occidental Petroleum Corporation (NYSE: OXY– Free Report) throughout the first quarter, according to the company in its most current Form 13F filing with the Securities & Exchange Commission. The firm bought 5,183 shares of the oil and gas producer’s stock, valued at roughly $251,000.
Several other hedge funds have likewise recently contributed to or reduced their stakes in OXY. Altshuler Shaham Ltd bought a new stake in Occidental Petroleum during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum throughout the 4th quarter worth about $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Occidental Petroleum during the 4th quarter worth about $27,000. Bernard Wealth Management Corp. purchased a new position in shares of Occidental Petroleum during the 4th quarter worth about $32,000. Grove Bank & Trust increased its holdings in shares of Occidental Petroleum by 129.2% throughout the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas manufacturer’s stock worth $36,000 after acquiring an additional 407 shares throughout the period. Institutional financiers own 88.70% of the company’s stock.
Occidental Petroleum Cost Efficiency: Shares of OXY stock opened at $44.00 on Tuesday. The stock’s fifty-day moving average is $41.90 and its 200-day moving average is $45.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79, and a current ratio of 1.01. The stock has a market capitalization of $43.30 billion, a PE ratio of 17.89, and a beta of 0.87. Occidental Petroleum Corporation has a 52-week low of $34.79 and a 52-week high of $64.76.
Occidental Petroleum Dividend Announcement: The business likewise just recently divulged a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be provided a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.18%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.02%.
Analyst Ratings Changes: Several research analysts have just recently released reports on the stock. JPMorgan Chase & Co. dropped their rate objective on shares of Occidental Petroleum from $52.00 to $47.00 and set a “neutral” score on the stock in a report on Friday, May 9th. Three research analysts have ranked the stock with a sell score, fourteen have provided a hold rating, and 5 have provided a buy score to the stock.
Occidental Petroleum Profile: Occidental Petroleum Corporation, together with its subsidiaries, participates in the acquisition, exploration, and advancement of oil and gas properties in the United States, the Middle East, and North Africa.
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