Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Lifted by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 8.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,072 shares of the oil and gas producer’s stock after purchasing an additional 7,882 shares during the quarter. Wellington Management Group LLP’s holdings in Occidental Petroleum were worth $5,312,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. H&H International Investment LLC increased its holdings in shares of Occidental Petroleum by 497.7% during the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock valued at $475,389,000 after acquiring an additional 7,680,598 shares during the last quarter. Himalaya Capital Management LLC bought a new stake in Occidental Petroleum during the second quarter worth approximately $92,433,000. Scharf Investments LLC acquired a new position in Occidental Petroleum during the second quarter valued at approximately $42,744,000. American Century Companies Inc. lifted its stake in shares of Occidental Petroleum by 16.8% in the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock worth $233,687,000 after buying an additional 532,318 shares during the last quarter. Finally, Cooke & Bieler LP boosted its holdings in shares of Occidental Petroleum by 53.1% during the 2nd quarter. Cooke & Bieler LP now owns 1,450,064 shares of the oil and gas producer’s stock worth $91,398,000 after buying an additional 503,173 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY opened at $46.60 on Tuesday. The stock has a market capitalization of $43.72 billion, a price-to-earnings ratio of 12.13 and a beta of 1.57. The business’s fifty day moving average price is $50.68 and its two-hundred day moving average price is $55.37. Occidental Petroleum Co. has a fifty-two week low of $46.41 and a fifty-two week high of $71.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76.

Occidental Petroleum Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 22.92%.

Wall Street Analyst Weigh In

OXY has been the topic of several recent analyst reports. Mizuho dropped their target price on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday. Barclays cut their price objective on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Evercore ISI lowered their target price on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating on the stock in a report on Monday, September 30th. Scotiabank cut their price target on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.65.

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.