OneDigital Investment Advisors LLC Boosts Holdings in Occidental Petroleum Co. (NYSE:OXY)

OneDigital Investment Advisors LLC grew its position in Occidental Petroleum Co. (NYSE:OXY) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,639 shares of the oil and gas producer’s stock after purchasing an additional 410 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Occidental Petroleum were worth $1,064,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Earnest Partners LLC raised its holdings in shares of Occidental Petroleum by 2.6% in the first quarter. Earnest Partners LLC now owns 6,850 shares of the oil and gas producer’s stock worth $445,000 after buying an additional 173 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in Occidental Petroleum by 2.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer’s stock worth $573,000 after acquiring an additional 175 shares during the period. Atria Wealth Solutions Inc. grew its stake in Occidental Petroleum by 0.6% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer’s stock valued at $1,735,000 after purchasing an additional 176 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Occidental Petroleum by 1.0% in the second quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer’s stock valued at $1,109,000 after purchasing an additional 182 shares during the period. Finally, Gateway Advisory LLC raised its stake in shares of Occidental Petroleum by 3.9% in the second quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer’s stock worth $306,000 after purchasing an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 1.9 %

NYSE:OXY opened at $50.92 on Tuesday. Occidental Petroleum Co. has a 52 week low of $48.42 and a 52 week high of $71.18. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock’s fifty day moving average is $51.77 and its two-hundred day moving average is $57.29. The stock has a market capitalization of $47.78 billion, a price-to-earnings ratio of 13.26 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.92%.

Analyst Ratings Changes

Several analysts have recently commented on OXY shares. Susquehanna dropped their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a report on Thursday, November 14th. UBS Group cut their price target on Occidental Petroleum from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Monday. Raymond James decreased their price objective on Occidental Petroleum from $85.00 to $77.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Scotiabank dropped 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 research report on Thursday, October 10th. Finally, TD Cowen lowered their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus price target of $63.65.

Occidental Petroleum Company 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.