Fiera Capital Corp Purchases 1,806 Shares of Occidental Petroleum Co. (NYSE:OXY)

Fiera Capital Corp lifted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 28.6% during the third quarter, HoldingsChannel reports. The firm owned 8,116 shares of the oil and gas producer’s stock after buying an additional 1,806 shares during the quarter. Fiera Capital Corp’s holdings in Occidental Petroleum were worth $418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Advisory Services Inc. increased its stake in Occidental Petroleum by 2.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,503 shares of the oil and gas producer’s stock worth $553,000 after purchasing an additional 164 shares in the last quarter. Verus Capital Partners LLC bought a new stake in shares of Occidental Petroleum during the first quarter worth $257,000. Thoroughbred Financial Services LLC raised its holdings in shares of Occidental Petroleum by 9.2% during the first quarter. Thoroughbred Financial Services LLC now owns 3,846 shares of the oil and gas producer’s stock worth $250,000 after acquiring an additional 323 shares during the period. Inspire Advisors LLC bought a new stake in Occidental Petroleum in the 1st quarter valued at $236,000. Finally, Headlands Technologies LLC acquired a new position in Occidental Petroleum in the 1st quarter worth $800,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $50.53 on Monday. Occidental Petroleum Co. has a 12 month low of $49.51 and a 12 month high of $71.18. The stock has a 50 day moving average of $52.20 and a 200-day moving average of $58.03. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $45.76 billion, a P/E ratio of 12.45 and a beta of 1.58.

Occidental Petroleum Dividend Announcement

The business also recently disclosed 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 is Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.74%. Occidental Petroleum’s dividend payout ratio is currently 21.67%.

Insider Activity

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of Occidental Petroleum stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the completion of the sale, the insider now owns 165,681,578 shares of the company’s stock, valued at approximately $5,923,116,413.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the topic of a number of research reports. Susquehanna cut their price target on Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating on the stock in a report on Friday, October 18th. Bank of America started coverage on Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price target for the company. BMO Capital Markets lowered their price objective on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a report on Friday, October 4th. UBS Group reduced their target price on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Finally, Scotiabank lowered their price target on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $64.78.

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.