Occidental Petroleum Co. (OXY) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. cut its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.4% in the first quarter, HoldingsChannel.com reports. The fund owned 21,128 shares of the oil and gas producer’s stock after selling 520 shares during the period. First Allied Advisory Services Inc.’s holdings in Occidental Petroleum were worth $1,396,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OXY. Vanguard Group Inc lifted its stake in Occidental Petroleum by 2.2% during the third quarter. Vanguard Group Inc now owns 62,477,713 shares of the oil and gas producer’s stock worth $5,133,793,000 after purchasing an additional 1,370,841 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Occidental Petroleum by 3.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 38,076 shares of the oil and gas producer’s stock worth $2,337,000 after purchasing an additional 1,417 shares during the last quarter. BKD Wealth Advisors LLC lifted its stake in Occidental Petroleum by 39.4% during the fourth quarter. BKD Wealth Advisors LLC now owns 3,916 shares of the oil and gas producer’s stock worth $240,000 after purchasing an additional 1,107 shares during the last quarter. Virtu Financial LLC lifted its stake in Occidental Petroleum by 775.7% during the fourth quarter. Virtu Financial LLC now owns 26,639 shares of the oil and gas producer’s stock worth $1,635,000 after purchasing an additional 23,597 shares during the last quarter. Finally, BLB&B Advisors LLC lifted its stake in Occidental Petroleum by 14.3% during the fourth quarter. BLB&B Advisors LLC now owns 47,723 shares of the oil and gas producer’s stock worth $2,929,000 after purchasing an additional 5,982 shares during the last quarter. Institutional investors own 84.05% of the company’s stock.

Several equities research analysts have weighed in on OXY shares. KeyCorp cut their target price on Occidental Petroleum from $75.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, April 22nd. Zacks Investment Research upgraded Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Barclays cut Occidental Petroleum from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $77.00 to $70.00 in a research note on Friday, February 15th. Finally, Mizuho cut Occidental Petroleum from a “buy” rating to a “neutral” rating and dropped their price target for the company from $83.00 to $70.00 in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $75.01.

Shares of OXY opened at $53.75 on Friday. Occidental Petroleum Co. has a 52 week low of $53.12 and a 52 week high of $87.67. The firm has a market capitalization of $40.51 billion, a PE ratio of 10.73, a PEG ratio of 2.83 and a beta of 0.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Occidental Petroleum had a return on equity of 17.70% and a net margin of 21.17%. The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same period in the prior year, the company earned $0.92 EPS. Occidental Petroleum’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Occidental Petroleum Co. will post 3.83 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend is Friday, June 7th. Occidental Petroleum’s dividend payout ratio is currently 62.28%.

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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 and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

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

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