Silvant Capital Management LLC Buys Shares of 2,146 Occidental Petroleum Co. (NYSE:OXY)

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Silvant Capital Management LLC acquired a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,146 shares of the oil and gas producer’s stock, valued at approximately $141,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OXY. Tompkins Financial Corp raised its stake in shares of Occidental Petroleum by 1.9% in the fourth quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock valued at $2,664,000 after acquiring an additional 661 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Occidental Petroleum by 25.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas producer’s stock valued at $261,000 after acquiring an additional 714 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Occidental Petroleum by 0.5% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 133,331 shares of the oil and gas producer’s stock valued at $8,661,000 after acquiring an additional 716 shares during the last quarter. Hermes Investment Management Ltd. raised its stake in shares of Occidental Petroleum by 1.6% in the fourth quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock valued at $3,327,000 after acquiring an additional 720 shares during the last quarter. Finally, Lenox Wealth Management Inc. raised its stake in shares of Occidental Petroleum by 7.0% in the fourth quarter. Lenox Wealth Management Inc. now owns 12,593 shares of the oil and gas producer’s stock valued at $937,000 after acquiring an additional 824 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on OXY shares. TheStreet upgraded shares of Occidental Petroleum from a “c+” rating to a “b” rating in a research note on Tuesday, May 8th. ValuEngine upgraded shares of Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Bank of America upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Thursday, May 10th. Deutsche Bank upgraded shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Friday, March 23rd. Finally, Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Monday, May 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $81.13.

Shares of Occidental Petroleum traded down $0.60, hitting $84.33, on Wednesday, Marketbeat reports. The stock had a trading volume of 4,401,622 shares, compared to its average volume of 5,146,927. Occidental Petroleum Co. has a twelve month low of $57.84 and a twelve month high of $87.67. The firm has a market capitalization of $65.97 billion, a price-to-earnings ratio of 94.75, a price-to-earnings-growth ratio of 3.22 and a beta of 0.62. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.50.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, May 8th. The oil and gas producer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.21. Occidental Petroleum had a net margin of 13.47% and a return on equity of 6.15%. The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $3.63 billion. During the same quarter in the previous year, the business earned $0.15 EPS. The firm’s revenue was up 28.4% on a year-over-year basis. research analysts expect that Occidental Petroleum Co. will post 4.12 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, June 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, June 8th. Occidental Petroleum’s dividend payout ratio (DPR) is 346.07%.

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 and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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