47,474 Shares in Occidental Petroleum Co. (NYSE:OXY) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 47,474 shares of the oil and gas producer’s stock, valued at approximately $2,447,000.

Other institutional investors have also recently modified their holdings of the company. Stephens Inc. AR raised its stake in Occidental Petroleum by 221.0% in the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after purchasing an additional 10,382 shares in the last quarter. Cerity Partners LLC raised its position in shares of Occidental Petroleum by 27.7% in the 3rd quarter. Cerity Partners LLC now owns 70,580 shares of the oil and gas producer’s stock valued at $3,638,000 after buying an additional 15,316 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Occidental Petroleum by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,482,049 shares of the oil and gas producer’s stock worth $76,385,000 after acquiring an additional 22,920 shares during the period. Czech National Bank boosted its position in shares of Occidental Petroleum by 8.3% during the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after acquiring an additional 10,456 shares in the last quarter. Finally, Discovery Capital Management LLC CT bought a new stake in Occidental Petroleum during the second quarter worth $10,331,000. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Trading Down 0.3 %

NYSE:OXY opened at $50.43 on Tuesday. The firm has a fifty day simple moving average of $51.64 and a two-hundred day simple moving average of $56.45. Occidental Petroleum Co. has a 12 month low of $48.42 and a 12 month high of $71.18. The stock has a market capitalization of $47.32 billion, a price-to-earnings ratio of 13.13 and a beta of 1.57. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Occidental Petroleum Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Monday. Citigroup decreased their target price on Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 26th. Stephens increased their target price on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $56.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 8th. Finally, The Goldman Sachs Group began coverage on shares of Occidental Petroleum in a research report on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.25.

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.