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.
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.
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