Gotham Asset Management LLC Cuts Position in Occidental Petroleum Co. (NYSE:OXY)

Gotham Asset Management LLC trimmed its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 64.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,535 shares of the oil and gas producer's stock after selling 203,700 shares during the period. Gotham Asset Management LLC's holdings in Occidental Petroleum were worth $5,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of OXY. Howard Capital Management Inc. lifted its position in Occidental Petroleum by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock valued at $209,000 after purchasing an additional 216 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in shares of 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 worth $58,000 after buying an additional 248 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of 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 worth $398,000 after buying an additional 250 shares in the last quarter. Horizon Investments LLC grew its stake in shares of 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 worth $554,000 after buying an additional 257 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of 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 worth $2,863,000 after buying an additional 290 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Hsbc Global Res raised shares of Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. UBS Group dropped their price objective on shares of Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Mizuho dropped their price objective on shares of Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday. Susquehanna lowered their target price on shares of Occidental Petroleum from $59.00 to $55.00 and set a "positive" rating for the company in a report on Tuesday, April 22nd. Finally, Citigroup lowered their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a report on Monday, March 17th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $53.48.

Occidental Petroleum Stock Up 1.2%

Shares of Occidental Petroleum stock opened at $44.40 on Wednesday. The firm's 50 day moving average price is $42.90 and its 200-day moving average price is $47.12. 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 Co. has a 52-week low of $34.79 and a 52-week high of $64.76. The company has a market cap of $43.70 billion, a P/E ratio of 18.20 and a beta of 0.81.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.80 billion for the quarter, compared to the consensus estimate of $6.97 billion. During the same quarter in the previous year, the firm earned $0.63 EPS. The company's quarterly revenue was up 13.9% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, June 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.02%.

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.

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