Atria Wealth Solutions Inc. Sells 13,410 Shares of Occidental Petroleum Corporation (NYSE:OXY)

Atria Wealth Solutions Inc. lowered its position in shares of Occidental Petroleum Corporation (NYSE:OXY - Free Report) by 53.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,849 shares of the oil and gas producer's stock after selling 13,410 shares during the period. Atria Wealth Solutions Inc.'s holdings in Occidental Petroleum were worth $585,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OXY. Berkshire Hathaway Inc grew its stake in Occidental Petroleum by 3.5% in the 4th quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock worth $13,053,055,000 after buying an additional 8,896,890 shares in the last quarter. Northern Trust Corp grew its stake in Occidental Petroleum by 7.5% in the 4th quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer's stock worth $349,085,000 after buying an additional 491,797 shares in the last quarter. Marshall Wace LLP grew its stake in Occidental Petroleum by 48.1% in the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock worth $203,459,000 after buying an additional 1,337,728 shares in the last quarter. Cooke & Bieler LP grew its stake in Occidental Petroleum by 3.1% in the 1st quarter. Cooke & Bieler LP now owns 3,051,713 shares of the oil and gas producer's stock worth $150,633,000 after buying an additional 93,117 shares in the last quarter. Finally, Scharf Investments LLC grew its stake in Occidental Petroleum by 20.4% in the 1st quarter. Scharf Investments LLC now owns 2,963,439 shares of the oil and gas producer's stock worth $146,275,000 after buying an additional 502,406 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

Occidental Petroleum Trading Down 0.4%

NYSE:OXY traded down $0.16 during midday trading on Friday, reaching $44.61. 8,755,868 shares of the stock traded hands, compared to its average volume of 9,930,384. The company has a fifty day moving average of $44.17 and a 200 day moving average of $44.19. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $58.47. 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 stock has a market capitalization of $43.92 billion, a P/E ratio of 26.40 and a beta of 0.91.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.29 billion. During the same period in the prior year, the business posted $1.03 EPS. The firm's revenue was down 6.1% compared to the same quarter last year. On average, research analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $0.96 annualized dividend and a yield of 2.2%. Occidental Petroleum's dividend payout ratio is 56.80%.

Analyst Upgrades and Downgrades

OXY has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Citigroup boosted their price target on shares of Occidental Petroleum from $42.00 to $44.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their price target on shares of Occidental Petroleum from $47.00 to $48.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen cut shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Scotiabank upped their price objective on shares of Occidental Petroleum from $40.00 to $45.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of "Hold" and a consensus target price of $53.71.

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.