Venturi Wealth Management LLC Grows Position in Occidental Petroleum Co. (NYSE:OXY)

Venturi Wealth Management LLC raised its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 16.9% during the third quarter, HoldingsChannel reports. The firm owned 1,920 shares of the oil and gas producer’s stock after purchasing an additional 278 shares during the period. Venturi Wealth Management LLC’s holdings in Occidental Petroleum were worth $99,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Earnest Partners LLC raised its stake in Occidental Petroleum by 2.6% in the first quarter. Earnest Partners LLC now owns 6,850 shares of the oil and gas producer’s stock worth $445,000 after buying an additional 173 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Occidental Petroleum by 2.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer’s stock worth $573,000 after purchasing an additional 175 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in shares of Occidental Petroleum by 0.6% during the second quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer’s stock valued at $1,735,000 after buying an additional 176 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Occidental Petroleum by 1.0% in the 2nd quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer’s stock valued at $1,109,000 after buying an additional 182 shares in the last quarter. Finally, Gateway Advisory LLC raised its stake in shares of Occidental Petroleum by 3.9% during the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer’s stock worth $306,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Trading Down 0.9 %

Shares of NYSE:OXY opened at $50.67 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. Occidental Petroleum Co. has a 12-month low of $48.42 and a 12-month high of $71.18. The business has a 50 day moving average of $51.90 and a two-hundred day moving average of $57.67. The company has a market capitalization of $45.89 billion, a PE ratio of 13.20 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 22.92%.

Analysts Set New Price Targets

Several research firms have issued reports on OXY. Wells Fargo & Company cut their price target on shares of Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $56.00 target price on shares of Occidental Petroleum in a research report on Friday, November 8th. TD Cowen lowered their price target on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday. Mizuho decreased their price objective on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, UBS Group dropped their target price on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $63.70.

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.