Captrust Financial Advisors cut its stake in Occidental Petroleum Co. (NYSE:OXY) by 26.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,718 shares of the oil and gas producer’s stock after selling 3,555 shares during the quarter. Captrust Financial Advisors’ holdings in Occidental Petroleum were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lincoln National Corp acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth about $249,000. LSV Asset Management acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth about $961,000. Nomura Asset Management Co. Ltd. increased its position in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 125,647 shares of the oil and gas producer’s stock worth $10,324,000 after purchasing an additional 2,712 shares during the last quarter. Montag A & Associates Inc. acquired a new stake in shares of Occidental Petroleum during the 3rd quarter worth about $973,000. Finally, MML Investors Services LLC increased its position in shares of Occidental Petroleum by 41.8% during the 3rd quarter. MML Investors Services LLC now owns 53,652 shares of the oil and gas producer’s stock worth $4,409,000 after purchasing an additional 15,814 shares during the last quarter. 82.58% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on OXY. Zacks Investment Research upgraded Occidental Petroleum from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 5th. ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, February 20th. Cowen began coverage on Occidental Petroleum in a report on Thursday, November 29th. They set a “market perform” rating and a $80.00 target price for the company. Capital One Financial cut Occidental Petroleum from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Finally, Barclays cut Occidental Petroleum from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $77.00 to $70.00 in a report on Friday, February 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $84.53.

Shares of OXY opened at $65.21 on Friday. 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 $48.77 billion, a PE ratio of 13.02, a P/E/G ratio of 1.27 and a beta of 0.83. Occidental Petroleum Co. has a 1 year low of $56.83 and a 1 year high of $87.67.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, February 12th. The oil and gas producer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. The business had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Occidental Petroleum had a return on equity of 18.17% and a net margin of 21.87%. The business’s quarterly revenue was up 33.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. As a group, sell-side analysts expect that Occidental Petroleum Co. will post 3.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, March 11th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, March 8th. Occidental Petroleum’s payout ratio is presently 62.28%.

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Occidental Petroleum Profile

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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