Wealth Advisory Solutions LLC Sells 14,254 Shares of Occidental Petroleum Co. (NYSE:OXY)

Wealth Advisory Solutions LLC trimmed its position in Occidental Petroleum Co. (NYSE:OXY) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,047 shares of the oil and gas producer’s stock after selling 14,254 shares during the quarter. Occidental Petroleum comprises about 2.2% of Wealth Advisory Solutions LLC’s investment portfolio, making the stock its 11th biggest position. Wealth Advisory Solutions LLC’s holdings in Occidental Petroleum were worth $8,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Czech National Bank lifted its stake in shares of Occidental Petroleum by 8.3% in the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock valued at $7,069,000 after purchasing an additional 10,456 shares during the last quarter. Discovery Capital Management LLC CT purchased a new position in shares of Occidental Petroleum during the 2nd quarter worth about $10,331,000. Empyrean Capital Partners LP bought a new position in Occidental Petroleum during the 2nd quarter valued at about $2,975,000. Swedbank AB bought a new stake in Occidental Petroleum in the first quarter worth about $12,547,000. Finally, Royal Fund Management LLC grew its stake in shares of Occidental Petroleum by 124.2% during the third quarter. Royal Fund Management LLC now owns 57,416 shares of the oil and gas producer’s stock valued at $2,959,000 after buying an additional 31,809 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Up 0.0 %

NYSE:OXY traded up $0.01 during midday trading on Monday, reaching $51.67. 4,080,912 shares of the stock traded hands, compared to its average volume of 9,125,504. The business has a 50-day moving average of $54.08 and a two-hundred day moving average of $59.75. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04. Occidental Petroleum Co. has a 12-month low of $49.75 and a 12-month high of $71.18. The stock has a market capitalization of $45.81 billion, a PE ratio of 14.15 and a beta of 1.57.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter last year, the firm earned $0.68 EPS. The business’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Occidental Petroleum Co. will post 3.48 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, September 10th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, September 10th. Occidental Petroleum’s payout ratio is currently 24.04%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on OXY shares. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. UBS Group lowered their price objective on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Scotiabank reduced their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Susquehanna dropped their price objective on Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating on the stock in a research note on Friday. Finally, Wolfe Research began coverage on Occidental Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $81.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and an average price target of $65.72.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.

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.