Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Trimmed by Captrust Financial Advisors

Captrust Financial Advisors reduced its position in Occidental Petroleum Co. (NYSE:OXY) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,923 shares of the oil and gas producer’s stock after selling 2,000 shares during the quarter. Captrust Financial Advisors’ holdings in Occidental Petroleum were worth $2,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OXY. Fortitude Family Office LLC increased its holdings in Occidental Petroleum by 160.0% in the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after buying an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Occidental Petroleum in the third quarter valued at about $32,000. Transamerica Financial Advisors Inc. bought a new stake in Occidental Petroleum in the third quarter valued at about $50,000. Strategic Financial Concepts LLC acquired a new position in Occidental Petroleum in the second quarter valued at approximately $53,000. Finally, LRI Investments LLC boosted its stake in Occidental Petroleum by 34.6% in the second quarter. LRI Investments LLC now owns 906 shares of the oil and gas producer’s stock valued at $57,000 after acquiring an additional 233 shares during the period. 88.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $56.00 target price on shares of Occidental Petroleum in a research note on Friday, November 8th. Wolfe Research lifted their target price on Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. BMO Capital Markets decreased their target price on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research note on Friday, October 4th. Wells Fargo & Company decreased their target price on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a research note on Friday, September 27th. Finally, Susquehanna reduced their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Occidental Petroleum has a consensus rating of “Hold” and an average target price of $63.25.

Occidental Petroleum Price Performance

NYSE OXY opened at $48.91 on Thursday. The stock has a market capitalization of $45.89 billion, a P/E ratio of 12.74 and a beta of 1.57. Occidental Petroleum Co. has a 1 year low of $48.42 and a 1 year high of $71.18. The business’s fifty day moving average is $51.52 and its two-hundred day moving average is $56.22. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.80%. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

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.