HighPoint Advisor Group LLC grew its position in Occidental Petroleum (NYSE:OXY) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,831 shares of the oil and gas producer’s stock after acquiring an additional 4,437 shares during the period. HighPoint Advisor Group LLC’s holdings in Occidental Petroleum were worth $964,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Goodman Financial Corp bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $116,000. Trustcore Financial Services LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $153,000. Field & Main Bank bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $166,000. Optimum Investment Advisors bought a new position in shares of Occidental Petroleum in the third quarter valued at approximately $200,000. Finally, Cetera Advisors LLC bought a new position in Occidental Petroleum in the 4th quarter worth approximately $201,000. Institutional investors own 82.68% of the company’s stock.
Shares of Occidental Petroleum (OXY) opened at $64.49 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum has a fifty-two week low of $57.20 and a fifty-two week high of $78.09. The company has a market cap of $49,313.83, a price-to-earnings ratio of 37.22, a price-to-earnings-growth ratio of 3.80 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio is presently 180.12%.
Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Occidental Petroleum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 13th. UBS assumed coverage on shares of Occidental Petroleum in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $71.00 price objective for the company. ValuEngine cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. BMO Capital Markets restated a “hold” rating and issued a $75.00 price objective on shares of Occidental Petroleum in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Occidental Petroleum from $74.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. Occidental Petroleum currently has an average rating of “Hold” and an average target price of $71.56.
TRADEMARK VIOLATION WARNING: This piece was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://stocknewstimes.com/2018/03/20/occidental-petroleum-oxy-shares-bought-by-highpoint-advisor-group-llc.html.
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 and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.