Haverford Trust Co Acquires New Holdings in Occidental Petroleum Co. (NYSE:OXY)

Haverford Trust Co bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY) in the third quarter, HoldingsChannel.com reports. The firm bought 4,672 shares of the oil and gas producer’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also bought and sold shares of OXY. Banco Santander S.A. lifted its stake in shares of Occidental Petroleum by 75.0% during the 1st quarter. Banco Santander S.A. now owns 138,584 shares of the oil and gas producer’s stock worth $9,007,000 after purchasing an additional 59,402 shares during the last quarter. Councilmark Asset Management LLC purchased a new stake in shares of Occidental Petroleum during the first quarter valued at about $254,000. Nicolet Advisory Services LLC bought a new stake in shares of Occidental Petroleum in the 1st quarter valued at about $205,000. South Street Advisors LLC grew its position in shares of Occidental Petroleum by 28.3% in the 1st quarter. South Street Advisors LLC now owns 156,920 shares of the oil and gas producer’s stock worth $10,198,000 after buying an additional 34,645 shares during the last quarter. Finally, Trustmark National Bank Trust Department raised its stake in shares of Occidental Petroleum by 10.8% during the 1st quarter. Trustmark National Bank Trust Department now owns 33,098 shares of the oil and gas producer’s stock worth $2,151,000 after acquiring an additional 3,238 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 0.9 %

OXY stock opened at $50.67 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $51.90 and a two-hundred day moving average of $57.67. The company has a market cap of $45.89 billion, a price-to-earnings ratio of 13.20 and a beta of 1.58. Occidental Petroleum Co. has a 12 month low of $48.42 and a 12 month high of $71.18.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OXY. Wolfe Research raised their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday. Wells Fargo & Company lowered their price objective on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. Scotiabank reduced their target price on 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. Mizuho decreased their price target on Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Finally, Truist Financial dropped their price target on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.70.

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.