Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lowered its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,045 shares of the oil and gas producer’s stock after selling 220 shares during the period. Centaurus Financial Inc.’s holdings in Occidental Petroleum were worth $105,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Fortitude Family Office LLC lifted its stake in shares of Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after acquiring an additional 304 shares during the period. Mizuho Securities Co. Ltd. acquired a new stake in shares of Occidental Petroleum in the 3rd quarter worth $32,000. LRI Investments LLC acquired a new stake in shares of Occidental Petroleum in the 1st quarter worth $44,000. Strategic Financial Concepts LLC acquired a new stake in shares of Occidental Petroleum in the 2nd quarter worth $53,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Occidental Petroleum in the 3rd quarter valued at about $87,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE:OXY opened at $50.32 on Friday. The firm has a 50 day simple moving average of $51.66 and a 200-day simple moving average of $56.63. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The firm has a market cap of $47.22 billion, a PE ratio of 13.10 and a beta of 1.58. Occidental Petroleum Co. has a 1-year low of $48.42 and a 1-year high of $71.18.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 22.92%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OXY shares. Stephens increased their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Mizuho cut their price target on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, September 16th. UBS Group cut their price target on shares of Occidental Petroleum from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, November 18th. BMO Capital Markets dropped their target price on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a report on Friday, October 4th. Finally, Wolfe Research raised their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.25.

Occidental Petroleum 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.