Occidental Petroleum Co. (OXY) Stake Decreased by Rational Advisors LLC
Rational Advisors LLC lessened its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 16.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,900 shares of the oil and gas producer’s stock after selling 1,200 shares during the quarter. Rational Advisors LLC’s holdings in Occidental Petroleum were worth $435,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Occidental Petroleum by 45.2% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,217 shares of the oil and gas producer’s stock valued at $458,000 after buying an additional 1,935 shares during the last quarter. Ffcm LLC raised its holdings in shares of Occidental Petroleum by 19.5% during the fourth quarter. Ffcm LLC now owns 34,639 shares of the oil and gas producer’s stock valued at $2,552,000 after buying an additional 5,649 shares during the last quarter. Doyle Wealth Management bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $258,000. Wealth Advisors of Tampa Bay LLC bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $4,726,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $203,000. 79.98% of the stock is currently owned by institutional investors.
Occidental Petroleum Co. (NYSE OXY) opened at $69.85 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The stock has a market cap of $53,352.91, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 4.47 and a beta of 0.53. Occidental Petroleum Co. has a 12-month low of $57.20 and a 12-month high of $78.09.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be given a $0.77 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 annualized dividend and a yield of 4.41%. Occidental Petroleum’s dividend payout ratio (DPR) is 180.12%.
OXY has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on Occidental Petroleum from $62.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Bank of America cut Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Macquarie initiated coverage on Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating on the stock. Finally, Cowen set a $85.00 target price on Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $70.07.
Occidental Petroleum Company Profile
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), 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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