Ossiam Sells 7,636 Shares of Occidental Petroleum Co. (NYSE:OXY)

Ossiam reduced its position in shares of Occidental Petroleum Co. (NYSE:OXY - Free Report) by 38.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,443 shares of the oil and gas producer's stock after selling 7,636 shares during the quarter. Ossiam's holdings in Occidental Petroleum were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Occidental Petroleum by 18.1% during the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock worth $3,365,992,000 after purchasing an additional 10,434,098 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Occidental Petroleum by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock valued at $701,816,000 after acquiring an additional 398,467 shares during the last quarter. Invesco Ltd. increased its stake in shares of Occidental Petroleum by 25.2% in the 4th quarter. Invesco Ltd. now owns 6,357,689 shares of the oil and gas producer's stock valued at $314,133,000 after acquiring an additional 1,278,389 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Occidental Petroleum by 5.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,236,980 shares of the oil and gas producer's stock valued at $209,349,000 after acquiring an additional 229,210 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of 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 valued at $203,459,000 after acquiring an additional 1,337,728 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock traded up $0.01 during trading on Friday, hitting $40.38. 6,406,140 shares of the stock were exchanged, compared to its average volume of 10,890,456. The stock has a market capitalization of $37.95 billion, a price-to-earnings ratio of 16.55 and a beta of 1.02. The company has a fifty day moving average price of $44.74 and a 200-day moving average price of $48.03. Occidental Petroleum Co. has a 1-year low of $34.79 and a 1-year high of $68.43. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. As a group, equities analysts predict that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 10th were paid a $0.24 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.38%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's dividend payout ratio is 39.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on OXY shares. StockNews.com cut Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. UBS Group lowered their price target on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Raymond James cut Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $81.00 to $64.00 in a research note on Monday, March 10th. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the company an "overweight" rating in a research note on Wednesday, March 26th. Finally, Citigroup lowered their price objective on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating for the company in a research 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 data from MarketBeat, Occidental Petroleum has an average rating of "Hold" and an average target price of $54.19.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business's stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the acquisition, the insider now directly owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is owned by company insiders.

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.