Deprince Race & Zollo Inc. Sells 232,094 Shares of Occidental Petroleum Corporation (OXY)

Deprince Race & Zollo Inc. lowered its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 25.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 676,425 shares of the oil and gas producer’s stock after selling 232,094 shares during the period. Occidental Petroleum Corporation comprises 1.0% of Deprince Race & Zollo Inc.’s holdings, making the stock its 16th biggest holding. Deprince Race & Zollo Inc. owned about 0.09% of Occidental Petroleum Corporation worth $43,433,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OXY. BlackRock Inc. increased its position in shares of Occidental Petroleum Corporation by 3,198.5% in the first quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock worth $3,737,692,000 after acquiring an additional 57,202,942 shares in the last quarter. Capital Research Global Investors purchased a new position in shares of Occidental Petroleum Corporation in the second quarter worth approximately $179,610,000. Morgan Stanley increased its position in shares of Occidental Petroleum Corporation by 22.1% in the first quarter. Morgan Stanley now owns 9,249,261 shares of the oil and gas producer’s stock worth $586,034,000 after acquiring an additional 1,672,384 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Occidental Petroleum Corporation by 119.6% in the second quarter. Principal Financial Group Inc. now owns 2,372,784 shares of the oil and gas producer’s stock worth $142,058,000 after acquiring an additional 1,292,162 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Occidental Petroleum Corporation by 18.0% in the second quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock worth $453,184,000 after acquiring an additional 1,152,152 shares in the last quarter. 80.29% of the stock is currently owned by institutional investors.

OXY has been the topic of several analyst reports. Cowen and Company set a $75.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Citigroup Inc. cut shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $66.00 to $58.00 in a report on Friday, July 21st. Jefferies Group LLC set a $64.00 price target on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Saturday, July 29th. BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Barclays PLC set a $38.00 price target on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $66.07.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded down $0.50 during trading on Wednesday, hitting $66.82. 1,899,978 shares of the stock were exchanged, compared to its average volume of 4,519,871. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. Occidental Petroleum Corporation has a twelve month low of $57.20 and a twelve month high of $73.51. The firm has a market capitalization of $51,160.00, a PE ratio of 194.09, a price-to-earnings-growth ratio of 13.66 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the firm posted ($0.15) earnings per share. Occidental Petroleum Corporation’s revenue was up 13.3% compared to the same quarter last year. equities research analysts anticipate that Occidental Petroleum Corporation will post 0.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 433.80%.

ILLEGAL ACTIVITY NOTICE: “Deprince Race & Zollo Inc. Sells 232,094 Shares of Occidental Petroleum Corporation (OXY)” was first published by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/11/15/deprince-race-zollo-inc-sells-232094-shares-of-occidental-petroleum-corporation-oxy.html.

About Occidental Petroleum Corporation

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.

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY).

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

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply