Kingswood Wealth Advisors LLC Sells 13,182 Shares of Occidental Petroleum Corporation $OXY

Kingswood Wealth Advisors LLC lessened its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 37.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 22,489 shares of the oil and gas producer’s stock after selling 13,182 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Occidental Petroleum were worth $945,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Solitude Financial Services grew its holdings in shares of Occidental Petroleum by 52.1% during the second quarter. Solitude Financial Services now owns 13,353 shares of the oil and gas producer’s stock worth $561,000 after purchasing an additional 4,574 shares during the last quarter. Mraz Amerine & Associates Inc. grew its holdings in shares of Occidental Petroleum by 11.5% during the second quarter. Mraz Amerine & Associates Inc. now owns 125,774 shares of the oil and gas producer’s stock worth $5,284,000 after purchasing an additional 12,973 shares during the last quarter. Capital Advisors Inc. OK lifted its stake in shares of Occidental Petroleum by 153.9% during the second quarter. Capital Advisors Inc. OK now owns 15,925 shares of the oil and gas producer’s stock valued at $669,000 after acquiring an additional 9,652 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Occidental Petroleum by 10.7% during the second quarter. Valeo Financial Advisors LLC now owns 14,014 shares of the oil and gas producer’s stock valued at $589,000 after acquiring an additional 1,358 shares during the period. Finally, OLD National Bancorp IN lifted its stake in shares of Occidental Petroleum by 35.1% during the second quarter. OLD National Bancorp IN now owns 6,934 shares of the oil and gas producer’s stock valued at $291,000 after acquiring an additional 1,800 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 0.6%

NYSE:OXY opened at $45.05 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05. The company has a market cap of $44.35 billion, a PE ratio of 26.66 and a beta of 0.95. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $55.24. The stock has a 50-day simple moving average of $45.63 and a 200 day simple moving average of $43.76.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.Occidental Petroleum’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. On average, sell-side analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 56.80%.

Wall Street Analysts Forecast Growth

OXY has been the topic of several research reports. UBS Group cut their price target on Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. Mizuho raised Occidental Petroleum from a “neutral” rating to an “outperform” rating and upped their price target for the company from $58.00 to $60.00 in a research note on Friday, October 3rd. JPMorgan Chase & Co. upped their price target on Occidental Petroleum from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Roth Capital increased their target price on Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Finally, Melius assumed coverage on Occidental Petroleum in a research note on Wednesday, August 20th. They issued a “hold” rating and a $64.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and an average target price of $52.43.

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.