Occidental Petroleum Co. (NYSE:OXY) Shares Purchased by B & T Capital Management DBA Alpha Capital Management

B & T Capital Management DBA Alpha Capital Management raised its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,217 shares of the oil and gas producer’s stock after buying an additional 984 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Occidental Petroleum were worth $1,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of OXY. Peirce Capital Management LLC boosted its stake in shares of Occidental Petroleum by 22.2% during the 3rd quarter. Peirce Capital Management LLC now owns 4,299 shares of the oil and gas producer’s stock worth $222,000 after acquiring an additional 782 shares in the last quarter. Northstar Group Inc. boosted its position in shares of Occidental Petroleum by 55.1% during the 3rd quarter. Northstar Group Inc. now owns 10,839 shares of the oil and gas producer’s stock valued at $559,000 after acquiring an additional 3,852 shares in the last quarter. Royal Fund Management LLC boosted its stake in Occidental Petroleum by 124.2% in the 3rd quarter. Royal Fund Management LLC now owns 57,416 shares of the oil and gas producer’s stock valued at $2,959,000 after buying an additional 31,809 shares in the last quarter. True North Advisors LLC grew its holdings in shares of Occidental Petroleum by 44.2% in the 3rd quarter. True North Advisors LLC now owns 6,272 shares of the oil and gas producer’s stock worth $323,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Chemistry Wealth Management LLC boosted its holdings in shares of Occidental Petroleum by 0.9% in the 3rd quarter. Chemistry Wealth Management LLC now owns 35,974 shares of the oil and gas producer’s stock worth $1,854,000 after acquiring an additional 313 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the completion of the sale, the insider now directly owns 165,681,578 shares of the company’s stock, valued at approximately $5,923,116,413.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by company insiders.

Occidental Petroleum Trading Up 1.6 %

OXY traded up $0.87 during trading on Thursday, hitting $54.77. The company’s stock had a trading volume of 3,398,480 shares, compared to its average volume of 9,105,623. The stock has a market cap of $48.56 billion, a PE ratio of 14.94 and a beta of 1.57. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.04 and a quick ratio of 0.75. The firm’s 50 day moving average price is $54.74 and its 200-day moving average price is $60.41. Occidental Petroleum Co. has a twelve month low of $49.75 and a twelve month high of $71.18.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.26. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 EPS. On average, analysts expect that Occidental Petroleum Co. will post 3.49 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 10th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.61%. Occidental Petroleum’s dividend payout ratio is presently 24.04%.

Analyst Upgrades and Downgrades

OXY has been the subject of several recent research reports. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Wolfe Research assumed coverage on Occidental Petroleum in a research report on Thursday, July 18th. They issued an “outperform” rating and a $81.00 target price on the stock. Truist Financial decreased their price target on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Wells Fargo & Company cut their price target on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a report on Friday, September 27th. Finally, The Goldman Sachs Group assumed coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.18.

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.