Jackson Creek Investment Advisors LLC Invests $224,000 in Occidental Petroleum Co. (NYSE:OXY)

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,757 shares of the oil and gas producer’s stock, valued at approximately $224,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Occidental Petroleum during the 3rd quarter worth about $26,000. Orion Capital Management LLC bought a new position in Occidental Petroleum during the third quarter valued at approximately $27,000. TLW Wealth Management LLC bought a new stake in Occidental Petroleum in the fourth quarter worth approximately $28,000. Grove Bank & Trust lifted its stake in shares of Occidental Petroleum by 86.0% in the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock valued at $31,000 after purchasing an additional 240 shares during the last quarter. Finally, Criterion Capital Advisors LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $34,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on shares of Occidental Petroleum from $62.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Raymond James cut their price target on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Stephens restated an “overweight” rating and set a $74.00 price objective on shares of Occidental Petroleum in a research report on Thursday, February 15th. Barclays began coverage on Occidental Petroleum in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $73.00 target price for the company. Finally, Truist Financial raised their price objective on shares of Occidental Petroleum from $77.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.94.

Occidental Petroleum Stock Performance

OXY opened at $64.45 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.92 and a quick ratio of 0.69. The company has a market capitalization of $57.13 billion, a price-to-earnings ratio of 16.48 and a beta of 1.64. The business’s 50-day moving average price is $64.63 and its two-hundred day moving average price is $61.40. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $7.53 billion for the quarter, compared to analyst estimates of $6.93 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. Equities analysts expect that Occidental Petroleum Co. will post 3.85 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 7th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.18. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.37%. Occidental Petroleum’s payout ratio is presently 22.51%.

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.