H&H International Investment LLC Purchases 7,680,598 Shares of Occidental Petroleum Co. (NYSE:OXY)

H&H International Investment LLC raised its holdings in Occidental Petroleum Co. (NYSE:OXY) by 497.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,223,700 shares of the oil and gas producer’s stock after purchasing an additional 7,680,598 shares during the quarter. Occidental Petroleum accounts for approximately 2.9% of H&H International Investment LLC’s portfolio, making the stock its 6th largest position. H&H International Investment LLC’s holdings in Occidental Petroleum were worth $475,389,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC raised its holdings in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. acquired a new position in shares of Occidental Petroleum in the 3rd quarter valued at $32,000. LRI Investments LLC increased its position in Occidental Petroleum by 34.6% during the second quarter. LRI Investments LLC now owns 906 shares of the oil and gas producer’s stock worth $57,000 after purchasing an additional 233 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in shares of Occidental Petroleum during the third quarter valued at about $50,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth approximately $87,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Down 0.3 %

Shares of NYSE OXY opened at $50.43 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The firm has a 50-day simple moving average of $51.64 and a two-hundred day simple moving average of $56.45. The company has a market cap of $47.32 billion, a P/E ratio of 13.13 and a beta of 1.57. Occidental Petroleum Co. has a 1 year low of $48.42 and a 1 year high of $71.18.

Occidental Petroleum Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 price target on shares of Occidental Petroleum in a report on Friday, November 8th. Mizuho dropped their target price on Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, September 16th. UBS Group lowered their target price on Occidental Petroleum from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Bank of America assumed coverage on Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price target for the company. Finally, TD Cowen lowered their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.