Occidental Petroleum Co. (OXY) Shares Sold by Pictet & Cie Europe SA

Pictet & Cie Europe SA decreased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 33.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,220 shares of the oil and gas producer’s stock after selling 2,100 shares during the period. Pictet & Cie Europe SA’s holdings in Occidental Petroleum were worth $279,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Country Trust Bank lifted its stake in Occidental Petroleum by 434.6% during the fourth quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 339 shares during the last quarter. We Are One Seven LLC bought a new stake in Occidental Petroleum during the fourth quarter worth about $25,000. Pinnacle Bank bought a new stake in Occidental Petroleum during the fourth quarter worth about $28,000. Heritage Trust Co lifted its stake in Occidental Petroleum by 496.2% during the fourth quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock worth $29,000 after purchasing an additional 387 shares during the last quarter. Finally, Sontag Advisory LLC bought a new stake in Occidental Petroleum during the fourth quarter worth about $32,000. 84.34% of the stock is owned by institutional investors.

NYSE OXY opened at $57.95 on Friday. Occidental Petroleum Co. has a 1-year low of $56.83 and a 1-year high of $87.67. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.17. The stock has a market capitalization of $43.34 billion, a PE ratio of 11.57, a P/E/G ratio of 1.10 and a beta of 0.76.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Tuesday, February 12th. The oil and gas producer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Occidental Petroleum had a return on equity of 18.17% and a net margin of 21.87%. The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the company posted $0.41 EPS. Occidental Petroleum’s revenue for the quarter was up 33.8% on a year-over-year basis. Equities research analysts forecast that Occidental Petroleum Co. will post 3.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, March 11th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Friday, March 8th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 62.28%.

Several brokerages have issued reports on OXY. ValuEngine lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Zacks Investment Research lowered Occidental Petroleum from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Mizuho lowered Occidental Petroleum from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $83.00 to $70.00 in a research note on Monday, April 22nd. Jefferies Financial Group lowered Occidental Petroleum from a “buy” rating to a “hold” rating and dropped their price target for the stock from $74.00 to $66.00 in a research note on Monday, April 29th. Finally, Atlantic Securities lowered Occidental Petroleum from an “overweight” rating to a “neutral” rating and set a $61.50 price target for the company. in a research note on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $78.97.

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About Occidental Petroleum

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls.

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

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