Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 208,980 shares of the oil and gas producer’s stock after selling 10,172 shares during the quarter. Empowered Funds LLC’s holdings in Occidental Petroleum were worth $10,771,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OXY. Nicolet Advisory Services LLC acquired a new stake in shares of Occidental Petroleum during the 1st quarter valued at approximately $205,000. Trustmark National Bank Trust Department increased its stake in Occidental Petroleum by 10.8% during the first quarter. Trustmark National Bank Trust Department now owns 33,098 shares of the oil and gas producer’s stock valued at $2,151,000 after purchasing an additional 3,238 shares during the last quarter. Secured Retirement Advisors LLC raised its holdings in shares of Occidental Petroleum by 24.5% during the first quarter. Secured Retirement Advisors LLC now owns 17,208 shares of the oil and gas producer’s stock worth $1,118,000 after purchasing an additional 3,384 shares during the period. Lane Generational LLC lifted its position in shares of Occidental Petroleum by 4.8% in the 1st quarter. Lane Generational LLC now owns 80,801 shares of the oil and gas producer’s stock worth $5,251,000 after buying an additional 3,711 shares during the last quarter. Finally, Cedar Wealth Management LLC boosted its stake in Occidental Petroleum by 150.6% in the first quarter. Cedar Wealth Management LLC now owns 11,988 shares of the oil and gas producer’s stock valued at $779,000 after acquiring an additional 7,205 shares during the period. Institutional investors own 88.70% of the company’s stock.

Wall Street Analysts Forecast Growth

OXY has been the subject of several recent research reports. UBS Group lowered their price target 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. Raymond James decreased their price target on Occidental Petroleum from $85.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Barclays decreased their target price on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group assumed coverage on shares of Occidental Petroleum in a research report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $63.70.

Occidental Petroleum Stock Down 1.5 %

OXY opened at $49.93 on Friday. Occidental Petroleum Co. has a twelve month low of $48.42 and a twelve month high of $71.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.75 and a current ratio of 1.00. The business has a 50 day moving average price of $51.80 and a 200 day moving average price of $57.49. The firm has a market cap of $46.85 billion, a P/E ratio of 13.00 and a beta of 1.58.

Occidental Petroleum Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 10th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum’s dividend payout ratio is currently 22.92%.

About Occidental Petroleum

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.