Haverford Trust Co Takes $241,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Haverford Trust Co bought a new position in Occidental Petroleum Co. (NYSE:OXY) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 4,672 shares of the oil and gas producer’s stock, valued at approximately $241,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Banco Santander S.A. grew its stake in shares of Occidental Petroleum by 75.0% during the 1st quarter. Banco Santander S.A. now owns 138,584 shares of the oil and gas producer’s stock valued at $9,007,000 after acquiring an additional 59,402 shares during the period. Councilmark Asset Management LLC bought a new stake in Occidental Petroleum during the first quarter valued at about $254,000. Nicolet Advisory Services LLC purchased a new position in shares of Occidental Petroleum in the first quarter valued at about $205,000. South Street Advisors LLC boosted its stake in shares of Occidental Petroleum by 28.3% in the first quarter. South Street Advisors LLC now owns 156,920 shares of the oil and gas producer’s stock worth $10,198,000 after acquiring an additional 34,645 shares during the period. Finally, Trustmark National Bank Trust Department grew its position in shares of Occidental Petroleum by 10.8% during the first quarter. Trustmark National Bank Trust Department now owns 33,098 shares of the oil and gas producer’s stock worth $2,151,000 after purchasing an additional 3,238 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OXY. UBS Group dropped their price target on Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating for the company in a research note on Wednesday, September 18th. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. BMO Capital Markets dropped their price objective on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Wells Fargo & Company reduced their target price on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, September 27th. Finally, Scotiabank dropped their price target on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.70.

Occidental Petroleum Stock Down 0.9 %

Shares of NYSE OXY opened at $50.67 on Friday. Occidental Petroleum Co. has a 52-week low of $48.42 and a 52-week high of $71.18. The firm has a market capitalization of $45.89 billion, a price-to-earnings ratio of 13.20 and a beta of 1.58. The stock has a 50 day moving average price of $51.90 and a 200 day moving average price of $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 Dividend Announcement

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

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.