Great Valley Advisor Group Inc. Acquires 1,017 Shares of Occidental Petroleum Co. (NYSE:OXY)

Great Valley Advisor Group Inc. lifted its holdings in Occidental Petroleum Co. (NYSE:OXY) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,635 shares of the oil and gas producer’s stock after buying an additional 1,017 shares during the period. Great Valley Advisor Group Inc.’s holdings in Occidental Petroleum were worth $1,734,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in OXY. Advisors Asset Management Inc. lifted its position in Occidental Petroleum by 14.2% in the first quarter. Advisors Asset Management Inc. now owns 33,180 shares of the oil and gas producer’s stock worth $2,156,000 after buying an additional 4,125 shares during the last quarter. LRI Investments LLC purchased a new position in shares of Occidental Petroleum during the 1st quarter worth about $51,000. Lazard Asset Management LLC grew its holdings in Occidental Petroleum by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 12,470 shares of the oil and gas producer’s stock valued at $809,000 after purchasing an additional 589 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Occidental Petroleum by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 904,081 shares of the oil and gas producer’s stock worth $58,757,000 after purchasing an additional 8,863 shares during the period. Finally, Earnest Partners LLC lifted its stake in 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 purchasing an additional 173 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on Occidental Petroleum in a report on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 price target on the stock. Wells Fargo & Company reduced their target price on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Friday, September 27th. Scotiabank lowered their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Wolfe Research boosted their price objective on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus price target of $63.70.

Occidental Petroleum Trading Up 0.8 %

NYSE:OXY opened at $51.93 on Monday. The stock has a market capitalization of $48.73 billion, a price-to-earnings ratio of 13.52 and a beta of 1.58. 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 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The firm has a 50 day moving average of $51.79 and a 200 day moving average of $56.91.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a $0.22 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.69%. Occidental Petroleum’s payout ratio is 22.92%.

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.