Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC decreased its position in Occidental Petroleum Co. (NYSE:OXY) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,529 shares of the oil and gas producer’s stock after selling 613 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Occidental Petroleum were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Siemens Fonds Invest GmbH lifted its stake in shares of Occidental Petroleum by 30.0% during the fourth quarter. Siemens Fonds Invest GmbH now owns 43,293 shares of the oil and gas producer’s stock valued at $2,139,000 after buying an additional 10,003 shares during the period. Rafferty Asset Management LLC raised its holdings in Occidental Petroleum by 5.1% in the 4th quarter. Rafferty Asset Management LLC now owns 289,201 shares of the oil and gas producer’s stock valued at $14,289,000 after acquiring an additional 14,070 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Occidental Petroleum by 5.9% during the fourth quarter. ProShare Advisors LLC now owns 126,647 shares of the oil and gas producer’s stock worth $6,258,000 after purchasing an additional 7,038 shares during the last quarter. Quadcap Wealth Management LLC grew its position in shares of Occidental Petroleum by 23.1% in the fourth quarter. Quadcap Wealth Management LLC now owns 11,597 shares of the oil and gas producer’s stock valued at $573,000 after purchasing an additional 2,178 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Occidental Petroleum by 57.8% in the fourth quarter. Quantinno Capital Management LP now owns 52,678 shares of the oil and gas producer’s stock valued at $2,603,000 after purchasing an additional 19,305 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on OXY shares. Raymond James lowered Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. UBS Group decreased their target price on shares of Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. dropped their price target on shares of Occidental Petroleum from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Scotiabank lowered shares of Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 price target on the stock. in a report on Friday, April 11th. Finally, Stephens dropped their price objective on Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, April 15th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.14.

Occidental Petroleum Stock Down 1.7%

Shares of Occidental Petroleum stock opened at $42.32 on Tuesday. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $64.76. The company has a market capitalization of $41.65 billion, a PE ratio of 17.34 and a beta of 0.81. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The business has a 50-day moving average of $42.61 and a 200-day moving average of $46.90.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.13. The company had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Occidental Petroleum’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. As a group, equities analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.27%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.02%.

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.