Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC trimmed its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,558 shares of the oil and gas producer’s stock after selling 374 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Occidental Petroleum were worth $373,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OXY. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $26,000. VSM Wealth Advisory LLC bought a new position in Occidental Petroleum during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC bought a new position in Occidental Petroleum during the fourth quarter valued at approximately $27,000. Atala Financial Inc bought a new position in Occidental Petroleum during the fourth quarter valued at approximately $40,000. Finally, Millstone Evans Group LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $42,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY opened at $41.30 on Friday. The stock has a market capitalization of $40.64 billion, a P/E ratio of 16.93 and a beta of 0.81. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $64.76. The business has a 50-day moving average price of $42.18 and a two-hundred day moving average price of $46.67. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last posted its earnings results 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. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.80 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period in the previous year, the company earned $0.63 EPS. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Equities analysts predict that Occidental Petroleum Co. will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.32%. Occidental Petroleum’s dividend payout ratio is presently 39.02%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OXY. Raymond James lowered shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from $81.00 to $64.00 in a research report on Monday, March 10th. TD Cowen downgraded shares of Occidental Petroleum from a “buy” rating to a “hold” rating and decreased their price target for the stock from $68.00 to $45.00 in a research note on Tuesday, April 8th. Barclays lifted their price target on shares of Occidental Petroleum from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 8th. Wells Fargo & Company reduced their target price on shares of Occidental Petroleum from $49.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, April 21st. Finally, Piper Sandler reduced their target price on shares of Occidental Petroleum from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $53.14.

Occidental Petroleum Company 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.