First National Bank of Omaha lowered its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,919 shares of the oil and gas producer’s stock after selling 7,239 shares during the period. First National Bank of Omaha’s holdings in Occidental Petroleum were worth $2,222,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clean Yield Group acquired a new position in shares of Occidental Petroleum during the third quarter valued at about $29,000. Hall Laurie J Trustee acquired a new position in shares of Occidental Petroleum during the third quarter valued at about $33,000. Edge Wealth Management LLC raised its holdings in shares of Occidental Petroleum by 93.3% during the third quarter. Edge Wealth Management LLC now owns 773 shares of the oil and gas producer’s stock valued at $34,000 after purchasing an additional 373 shares during the period. Truewealth LLC raised its holdings in shares of Occidental Petroleum by 52.4% during the third quarter. Truewealth LLC now owns 785 shares of the oil and gas producer’s stock valued at $35,000 after purchasing an additional 270 shares during the period. Finally, Anderson Fisher LLC acquired a new position in shares of Occidental Petroleum during the second quarter valued at about $39,000. Hedge funds and other institutional investors own 78.53% of the company’s stock.
In other news, Director Jack B. Moore acquired 12,900 shares of Occidental Petroleum stock in a transaction on Friday, December 6th. The stock was acquired at an average cost of $38.61 per share, with a total value of $498,069.00. Following the transaction, the director now owns 129,203 shares of the company’s stock, valued at approximately $4,988,527.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bob Shearer acquired 5,000 shares of Occidental Petroleum stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of $38.96 per share, with a total value of $194,800.00. Following the completion of the transaction, the director now directly owns 24,218 shares in the company, valued at approximately $943,533.28. The disclosure for this purchase can be found here. Insiders acquired a total of 35,900 shares of company stock valued at $1,393,129 over the last ninety days. 0.15% of the stock is currently owned by insiders.
OXY opened at $45.83 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.33 and a quick ratio of 1.23. Occidental Petroleum Co. has a fifty-two week low of $37.25 and a fifty-two week high of $68.83. The firm has a market capitalization of $40.94 billion, a PE ratio of 9.15, a P/E/G ratio of 6.72 and a beta of 0.88. The company’s 50-day moving average is $40.98 and its 200 day moving average is $43.83.
Occidental Petroleum (NYSE:OXY) last posted its earnings results on Monday, November 4th. The oil and gas producer reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.30). Occidental Petroleum had a return on equity of 9.98% and a net margin of 6.34%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.59 billion. During the same quarter in the prior year, the company earned $1.77 EPS. The company’s revenue was down 4.9% on a year-over-year basis. As a group, analysts expect that Occidental Petroleum Co. will post 1.75 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were given a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date of this dividend was Monday, December 9th. Occidental Petroleum’s payout ratio is 63.07%.
Several brokerages have recently weighed in on OXY. Morgan Stanley upgraded shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $51.00 to $59.00 in a report on Monday, January 13th. Zacks Investment Research upgraded shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating and set a $34.00 price objective on the stock in a report on Tuesday, October 15th. ValuEngine upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Tudor Pickering upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating and set a $41.00 target price on the stock in a report on Friday, January 3rd. Finally, SunTrust Banks started coverage on shares of Occidental Petroleum in a report on Monday, September 23rd. They issued a “hold” rating and a $48.00 target price on the stock. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Occidental Petroleum currently has an average rating of “Hold” and an average target price of $57.08.
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 and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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