Black Swift Group LLC Invests $515,000 in Occidental Petroleum Co. (NYSE:OXY)

Black Swift Group LLC acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 10,000 shares of the oil and gas producer’s stock, valued at approximately $515,000.

A number of other large investors also recently bought and sold shares of the company. Stephens Inc. AR boosted its stake in Occidental Petroleum by 221.0% during the 3rd 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 during the period. Czech National Bank grew its stake in shares of Occidental Petroleum by 8.3% in the third quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after purchasing an additional 10,456 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in shares of Occidental Petroleum during the 2nd quarter worth about $10,331,000. Janney Montgomery Scott LLC boosted its holdings in shares of Occidental Petroleum by 15.2% in the third quarter. Janney Montgomery Scott LLC now owns 221,970 shares of the oil and gas producer’s stock valued at $11,440,000 after acquiring an additional 29,344 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC acquired a new position in shares of Occidental Petroleum during the third quarter valued at approximately $593,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Up 1.5 %

Shares of NYSE OXY traded up $0.78 during mid-day trading on Thursday, reaching $51.90. 1,381,967 shares of the company traded hands, compared to its average volume of 9,298,658. The company’s fifty day moving average is $51.90 and its two-hundred day moving average is $57.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. Occidental Petroleum Co. has a fifty-two week low of $48.42 and a fifty-two week high of $71.18. The stock has a market cap of $47.00 billion, a PE ratio of 13.31 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.70%. Occidental Petroleum’s dividend payout ratio is presently 22.92%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on OXY shares. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Stephens increased their price target on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday. TD Cowen cut their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday. Bank of America initiated coverage on shares of Occidental Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 target price for the company. Finally, Wolfe Research boosted their price target on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $63.70.

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.