Occidental Petroleum Corporation $OXY Shares Sold by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC decreased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 17.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 6,382 shares of the oil and gas producer’s stock after selling 1,335 shares during the period. Woodward Diversified Capital LLC’s holdings in Occidental Petroleum were worth $268,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in OXY. Grove Bank & Trust lifted its holdings in shares of Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 407 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Occidental Petroleum during the first quarter worth about $39,000. Spectrum Wealth Counsel LLC grew its stake in shares of Occidental Petroleum by 5,000.0% in the first quarter. Spectrum Wealth Counsel LLC now owns 1,020 shares of the oil and gas producer’s stock valued at $50,000 after buying an additional 1,000 shares in the last quarter. Ransom Advisory Ltd purchased a new stake in shares of Occidental Petroleum during the 1st quarter valued at about $54,000. Finally, Trifecta Capital Advisors LLC lifted its position in Occidental Petroleum by 4,393.9% during the 1st quarter. Trifecta Capital Advisors LLC now owns 1,483 shares of the oil and gas producer’s stock worth $73,000 after acquiring an additional 1,450 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 7.1%

Shares of Occidental Petroleum stock opened at $44.32 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average price of $45.62 and a 200 day moving average price of $43.84. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $56.49. The firm has a market cap of $43.63 billion, a P/E ratio of 26.22 and a beta of 0.95.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The business’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. On average, sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio is 56.80%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on OXY shares. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price objective on shares of Occidental Petroleum in a report on Monday, August 18th. Melius began coverage on Occidental Petroleum in a research note on Wednesday, August 20th. They set a “hold” rating and a $64.00 target price for the company. Roth Capital increased their price target on Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price objective on Occidental Petroleum from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $53.95.

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.