Associated Banc Corp increased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 46,625 shares of the oil and gas producer’s stock after acquiring an additional 2,174 shares during the period. Associated Banc Corp’s holdings in Occidental Petroleum were worth $3,434,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Goodman Financial Corp purchased a new position in shares of Occidental Petroleum during the fourth quarter worth about $116,000. Fis Group Inc. purchased a new position in shares of Occidental Petroleum during the third quarter worth about $126,000. Enterprise Financial Services Corp grew its holdings in shares of Occidental Petroleum by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 806 shares during the last quarter. Field & Main Bank purchased a new position in shares of Occidental Petroleum during the fourth quarter worth about $166,000. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Occidental Petroleum during the second quarter worth about $147,000. 79.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Co. (NYSE:OXY) opened at $69.87 on Tuesday. Occidental Petroleum Co. has a twelve month low of $57.20 and a twelve month high of $78.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The firm has a market capitalization of $53,470.00, a P/E ratio of 98.41, a price-to-earnings-growth ratio of 4.37 and a beta of 0.53.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.41%. Occidental Petroleum’s payout ratio is 433.80%.

A number of equities analysts recently issued reports on the company. Morgan Stanley raised their price target on Occidental Petroleum from $66.00 to $84.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Citigroup raised Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price objective on the stock in a report on Monday, January 22nd. Cowen set a $85.00 price objective on Occidental Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. Macquarie began coverage on Occidental Petroleum in a report on Wednesday, January 17th. They issued a “neutral” rating on the stock. Finally, Mizuho set a $79.00 price objective on Occidental Petroleum and gave the company a “hold” rating in a report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Occidental Petroleum currently has an average rating of “Hold” and an average target price of $70.07.

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About Occidental Petroleum

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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