<div id="readability-page-1"><p>Raffles Associates LP bought a new position in shares of  Occidental Petroleum Co. (NYSE:OXY - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,000 shares of the oil and gas producer's stock, valued at approximately $2,835,000. Occidental Petroleum makes up  about  2.9% of Raffles Associates LP's investment portfolio, making the stock its 12th largest holding.</p><div><p><span></span><span>Get <strong>Occidental Petroleum</strong> alerts:</span></p></div><ul><li>Traders Are Flocking Back to Oil: What’s Fueling the Optimism</li></ul><p>Several other institutional investors and hedge funds have also made changes to their positions in OXY. Fortitude Family Office LLC boosted its stake in  Occidental Petroleum by 160.0% during the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer's stock worth $25,000 after purchasing an additional 304 shares during the period.  Mizuho Securities Co. Ltd. acquired a new stake in shares of  Occidental Petroleum during the third quarter worth about $32,000.  LRI Investments LLC purchased a new position in shares of  Occidental Petroleum during the first quarter worth about $44,000.  Transamerica Financial Advisors Inc. acquired a new position in  Occidental Petroleum in the 3rd quarter valued at about $50,000.  Finally, Strategic Financial Concepts LLC purchased a new stake in  Occidental Petroleum during the 2nd quarter valued at approximately $53,000. 88.70% of the stock is owned by hedge funds and other institutional investors. </p><h2>Analyst Ratings Changes</h2><p>OXY has been the topic of several analyst reports. JPMorgan Chase &amp; Co.  reiterated a &#34;neutral&#34; rating and issued a $56.00 target price on shares of Occidental Petroleum in a research note on Friday, November 8th. Barclays dropped their price objective on shares of Occidental Petroleum from $67.00 to $58.00 and set an &#34;equal weight&#34; rating on the stock in a research note on Thursday, October 3rd. Wells Fargo &amp; Company reduced their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set an &#34;equal weight&#34; rating for the company in a research note on Friday, September 27th. Citigroup dropped their price target on shares of Occidental Petroleum from $57.00 to $56.00 and set a &#34;neutral&#34; rating on the stock in a research note on Tuesday. Finally, TD Cowen reduced their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a &#34;buy&#34; rating for the company in a research report on Tuesday, November 12th. One research analyst  has rated the stock with a sell rating, thirteen have issued  a hold rating, six have issued  a buy rating and one  has assigned  a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34; and an average price target of $63.25.</p><ul><li>Post-Election Rally Stalls, But These 3 Stocks Can Keep Going</li></ul><p><b>Read Our Latest Stock Analysis on OXY</b></p><h2>Occidental Petroleum Trading Up 0.6 %</h2><p>OXY opened at $50.60 on Friday. The firm has a market capitalization of $47.48 billion, a P/E ratio of 13.18 and a beta of 1.58. The firm's 50 day moving average is $51.64 and its 200-day moving average is $56.54. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 52-week low of $48.42 and a 52-week high of $71.18. </p><h2>Occidental Petroleum Dividend Announcement</h2><ul><li>Occidental Petroleum Hits New Low: Will Buffett Take the Bait?</li></ul><p>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 given a $0.22 dividend. The ex-dividend date 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%. </p><h2>About Occidental Petroleum</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Occidental Petroleum</li><li>Natural Gas Prices Continue To Rally, These Stocks Should Benefit</li><li>ServiceNow: Will the High-Flyer Finally Split in 2024?</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>MarketBeat Week in Review – 11/25 - 11/29</li><li>How the NYSE and NASDAQ are Different, Why That Matters to Investors</li><li>These 3 Stocks Are Heavy Hitters in Alternative Asset Management</li></ul><p><strong>Want to see what other hedge funds are holding OXY?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Co. (NYSE:OXY - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9YWQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9YWQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Occidental Petroleum wasn't on the list.</p><p>While Occidental Petroleum currently has a &#34;Hold&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Raffles Associates LP acquired 55,000 shares of Occidental Petroleum Co. (NYSE: OXY) during Q3, valued at approximately $835,000, making it the 12th largest holding in their portfolio. Other institutional investors also adjusted their positions in OXY. Analyst ratings for the stock include a mix of hold and buy ratings, with a consensus rating of "Hold" and an average price target of $XX.XX. Occidental Petroleum recently announced a quarterly dividend of $0.22, payable on January 15th, with a yield of 1.74%.</p>

Raffles Associates LP Acquires Shares of 55,000 Occidental Petroleum Co. (NYSE:OXY)