Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Focus Partners Wealth

Focus Partners Wealth decreased its position in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 63.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,149 shares of the oil and gas producer's stock after selling 93,167 shares during the quarter. Focus Partners Wealth's holdings in Occidental Petroleum were worth $2,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Inc. grew its holdings in Occidental Petroleum by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock valued at $209,000 after buying an additional 216 shares during the period. Deseret Mutual Benefit Administrators grew its holdings in Occidental Petroleum by 27.1% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock valued at $58,000 after buying an additional 248 shares during the period. Park Avenue Securities LLC grew its holdings in Occidental Petroleum by 3.2% in the 4th quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock valued at $398,000 after buying an additional 250 shares during the period. Horizon Investments LLC grew its holdings in Occidental Petroleum by 2.3% in the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock valued at $554,000 after buying an additional 257 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its holdings in Occidental Petroleum by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 57,934 shares of the oil and gas producer's stock valued at $2,863,000 after buying an additional 290 shares during the period. Institutional investors and hedge funds own 88.70% of the company's stock.

Occidental Petroleum Stock Down 0.8%

Shares of OXY traded down $0.35 during trading on Friday, reaching $43.02. The company's stock had a trading volume of 7,555,730 shares, compared to its average volume of 11,173,057. The company has a fifty day moving average of $42.75 and a two-hundred day moving average of $47.05. Occidental Petroleum Co. has a twelve month low of $34.79 and a twelve month high of $64.76. The company has a market cap of $42.34 billion, a price-to-earnings ratio of 17.63 and a beta of 0.81. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Occidental Petroleum's quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 EPS. On average, sell-side analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio is currently 39.02%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com cut Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $54.00 to $45.00 in a report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating for the company in a report on Friday, May 9th. UBS Group decreased their target price on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Barclays boosted their target price on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Three 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 an average price target of $53.48.

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.