Occidental Petroleum Corporation (OXY) Shares Sold by Visionary Asset Management Inc.

Visionary Asset Management Inc. decreased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,511 shares of the oil and gas producer’s stock after selling 3,236 shares during the period. Visionary Asset Management Inc.’s holdings in Occidental Petroleum were worth $2,665,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Grove Bank & Trust lifted its position in Occidental Petroleum by 54.8% during the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 622 shares during the period. Oakworth Capital Inc. lifted its position in Occidental Petroleum by 14.7% during the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 250 shares during the period. Fis Group Inc. bought a new position in Occidental Petroleum during the third quarter valued at approximately $126,000. Enterprise Financial Services Corp lifted its position in Occidental Petroleum by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares during the period. Finally, Parallel Advisors LLC lifted its position in Occidental Petroleum by 14.2% during the second quarter. Parallel Advisors LLC now owns 2,240 shares of the oil and gas producer’s stock valued at $139,000 after purchasing an additional 279 shares during the period. Institutional investors own 80.34% of the company’s stock.

A number of research analysts recently weighed in on OXY shares. Morgan Stanley increased their price objective on shares of Occidental Petroleum from $62.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Jefferies Group set a $58.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research report on Tuesday, August 29th. BidaskClub downgraded shares of Occidental Petroleum from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Barclays increased their price objective on shares of Occidental Petroleum from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. Occidental Petroleum has an average rating of “Hold” and an average price target of $66.07.

Occidental Petroleum Corporation (OXY) traded up $0.58 on Friday, reaching $70.55. 5,522,500 shares of the company’s stock traded hands, compared to its average volume of 4,500,105. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. Occidental Petroleum Corporation has a fifty-two week low of $57.20 and a fifty-two week high of $73.51. The company has a market capitalization of $53,544.22, a P/E ratio of 199.91, a PEG ratio of 14.09 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period last year, the firm earned ($0.15) earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. research analysts expect that Occidental Petroleum Corporation will post 0.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be given a $0.77 dividend. The ex-dividend date is Friday, December 8th. This represents a $3.08 annualized dividend and a yield of 4.37%. Occidental Petroleum’s payout ratio is presently 440.00%.

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Occidental Petroleum Company Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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