Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 20.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,924 shares of the oil and gas producer’s stock after selling 18,494 shares during the quarter. Atria Investments Inc’s holdings in Occidental Petroleum were worth $3,759,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Himalaya Capital Management LLC acquired a new stake in shares of Occidental Petroleum during the 2nd quarter worth about $92,433,000. Clean Energy Transition LLP purchased a new position in shares of Occidental Petroleum during the 1st quarter worth approximately $67,601,000. Sarasin & Partners LLP acquired a new stake in Occidental Petroleum in the second quarter valued at $63,880,000. Scharf Investments LLC acquired a new stake in Occidental Petroleum in the second quarter valued at $42,744,000. Finally, American Century Companies Inc. lifted its holdings in shares of Occidental Petroleum by 16.8% in the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock valued at $233,687,000 after purchasing an additional 532,318 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Stock Down 1.0 %

Occidental Petroleum stock opened at $50.29 on Wednesday. The company has a market capitalization of $45.54 billion, a P/E ratio of 12.39 and a beta of 1.58. Occidental Petroleum Co. has a 1-year low of $49.51 and a 1-year high of $71.18. The firm’s fifty day simple moving average is $52.07 and its 200-day simple moving average is $57.84. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be given a $0.22 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.75%. Occidental Petroleum’s dividend payout ratio is currently 21.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. TD Cowen cut their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Stephens reissued an “overweight” rating and set a $76.00 price target on shares of Occidental Petroleum in a research report on Thursday, August 8th. Wolfe Research lifted their target price on Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets lowered 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 research note on Friday, October 4th. Finally, The Goldman Sachs Group began coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.55.

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.