Colonial Trust Co SC Has $112,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Colonial Trust Co SC decreased its stake in Occidental Petroleum Co. (NYSE:OXY) by 10.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,266 shares of the oil and gas producer’s stock after selling 251 shares during the quarter. Colonial Trust Co SC’s holdings in Occidental Petroleum were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OXY. Certified Advisory Corp purchased a new position in shares of Occidental Petroleum in the fourth quarter worth approximately $476,000. Benchmark Investment Advisors LLC acquired a new position in Occidental Petroleum in the 4th quarter worth approximately $642,000. Fisher Asset Management LLC grew its position in Occidental Petroleum by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer’s stock worth $30,320,000 after purchasing an additional 6,461 shares in the last quarter. Sarasin & Partners LLP raised its stake in Occidental Petroleum by 5.4% during the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock valued at $48,942,000 after purchasing an additional 50,983 shares during the period. Finally, Rule One Partners LLC lifted its holdings in shares of Occidental Petroleum by 18.1% in the fourth quarter. Rule One Partners LLC now owns 325,501 shares of the oil and gas producer’s stock valued at $16,083,000 after purchasing an additional 50,000 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the subject of several research analyst reports. UBS Group reduced their price objective on Occidental Petroleum from $44.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Scotiabank lowered shares of Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 price objective on the stock. in a research note on Friday, April 11th. TD Cowen lowered shares of Occidental Petroleum from a “buy” rating to a “hold” rating and decreased their target price for the company from $68.00 to $45.00 in a research note on Tuesday, April 8th. Finally, Raymond James downgraded shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $54.29.

Occidental Petroleum Price Performance

NYSE OXY opened at $41.43 on Friday. Occidental Petroleum Co. has a 1 year low of $34.79 and a 1 year high of $64.76. The company has a fifty day simple moving average of $43.05 and a 200 day simple moving average of $47.32. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The company has a market cap of $38.93 billion, a P/E ratio of 16.98 and a beta of 0.81.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.97 billion. During the same period in the prior year, the company earned $0.63 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.24 per share. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 39.34%.

About Occidental Petroleum

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.