Syon Capital LLC Grows Stock Position in Occidental Petroleum Co. (NYSE:OXY)

Syon Capital LLC lifted its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 77.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,574 shares of the oil and gas producer’s stock after purchasing an additional 11,613 shares during the quarter. Syon Capital LLC’s holdings in Occidental Petroleum were worth $1,587,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Occidental Petroleum during the third quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Occidental Petroleum during the third quarter worth approximately $27,000. TLW Wealth Management LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth approximately $28,000. Grove Bank & Trust raised its stake in shares of Occidental Petroleum by 86.0% during the fourth quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock worth $31,000 after purchasing an additional 240 shares during the last quarter. Finally, Criterion Capital Advisors LLC purchased a new position in Occidental Petroleum in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OXY shares. HSBC started coverage on Occidental Petroleum in a research report on Monday, April 8th. They issued a “hold” rating and a $65.00 price objective for the company. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Raymond James decreased their price objective on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Wells Fargo & Company increased their price objective on Occidental Petroleum from $62.00 to $70.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Finally, Mizuho increased their price objective on Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus target price of $71.94.

Occidental Petroleum Trading Up 0.8 %

Shares of Occidental Petroleum stock traded up $0.55 during trading hours on Thursday, reaching $67.88. The stock had a trading volume of 5,227,145 shares, compared to its average volume of 8,646,181. The firm has a 50 day simple moving average of $63.97 and a two-hundred day simple moving average of $61.29. The firm has a market capitalization of $60.17 billion, a price-to-earnings ratio of 17.17 and a beta of 1.64. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $7.53 billion for the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.61 EPS. As a group, equities research analysts anticipate that Occidental Petroleum Co. will post 3.85 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 8th were issued a dividend of $0.22 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.18. This represents a $0.88 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend was Thursday, March 7th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.51%.

About Occidental Petroleum

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.