Occidental Petroleum Co. (NYSE:OXY) Stake Lowered by SFE Investment Counsel

SFE Investment Counsel trimmed its position in Occidental Petroleum Co. (NYSE:OXY) by 17.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,555 shares of the oil and gas producer’s stock after selling 2,305 shares during the quarter. SFE Investment Counsel’s holdings in Occidental Petroleum were worth $777,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Goodman Financial Corp purchased a new position in Occidental Petroleum during the fourth quarter valued at approximately $116,000. Fis Group Inc. purchased a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $126,000. Enterprise Financial Services Corp increased its position in shares of Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after buying an additional 806 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Occidental Petroleum in the second quarter valued at approximately $147,000. Finally, Atlantic Trust LLC increased its position in shares of Occidental Petroleum by 23.8% in the second quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after buying an additional 535 shares in the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Shares of Occidental Petroleum Co. (NYSE:OXY) traded down $1.47 during trading on Thursday, hitting $68.38. The stock had a trading volume of 1,705,004 shares, compared to its average volume of 4,061,836. Occidental Petroleum Co. has a twelve month low of $57.20 and a twelve month high of $78.09. The firm has a market cap of $53,352.91, a price-to-earnings ratio of 40.01, a PEG ratio of 4.47 and a beta of 0.53. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The firm had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.54 billion. Occidental Petroleum had a return on equity of 3.28% and a net margin of 9.88%. During the same quarter in the previous year, the business earned ($0.13) EPS. research analysts expect that Occidental Petroleum Co. will post 2.47 earnings per share for the current year.

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 annualized dividend and a yield of 4.50%. Occidental Petroleum’s dividend payout ratio (DPR) is 180.12%.

A number of analysts have recently commented on OXY shares. Scotiabank restated a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Mizuho set a $79.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Credit Suisse Group started coverage on Occidental Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $62.00 price target on the stock. Cowen set a $85.00 price target on Occidental Petroleum and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Zacks Investment Research raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $70.60.

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Occidental Petroleum Company Profile

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.

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

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