Occidental Petroleum Corporation (NYSE:OXY) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lowered its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 19.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,681 shares of the oil and gas producer’s stock after selling 1,895 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Occidental Petroleum were worth $379,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC grew its position in shares of Occidental Petroleum by 2.3% in the fourth quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer’s stock valued at $554,000 after purchasing an additional 257 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in Occidental Petroleum by 20.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer’s stock worth $81,000 after buying an additional 274 shares during the last quarter. World Investment Advisors grew its holdings in Occidental Petroleum by 6.6% in the 1st quarter. World Investment Advisors now owns 4,912 shares of the oil and gas producer’s stock valued at $242,000 after buying an additional 306 shares during the period. Koshinski Asset Management Inc. grew its holdings in Occidental Petroleum by 1.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 32,736 shares of the oil and gas producer’s stock valued at $1,616,000 after buying an additional 309 shares during the period. Finally, Seaview Investment Managers LLC increased its stake in shares of Occidental Petroleum by 6.8% during the 4th quarter. Seaview Investment Managers LLC now owns 4,891 shares of the oil and gas producer’s stock valued at $242,000 after acquiring an additional 310 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Price Performance

Shares of OXY stock opened at $45.14 on Tuesday. The firm has a fifty day simple moving average of $43.18 and a 200-day simple moving average of $45.24. The company has a market capitalization of $44.43 billion, a PE ratio of 18.35 and a beta of 0.84. Occidental Petroleum Corporation has a twelve month low of $34.79 and a twelve month high of $64.76. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.90.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. Occidental Petroleum had a net margin of 11.20% and a return on equity of 16.60%. The company had revenue of $6.80 billion during the quarter, compared to analysts’ expectations of $6.97 billion. During the same period in the prior year, the company posted $0.63 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum’s payout ratio is 39.02%.

Analyst Upgrades and Downgrades

OXY has been the subject of a number of recent analyst reports. Hsbc Global Res upgraded shares of Occidental Petroleum to a “hold” rating in a report on Wednesday, April 16th. Stephens decreased their price target on shares of Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Barclays upped their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Thursday, May 8th. Citigroup increased their target price on Occidental Petroleum from $42.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company boosted their price target on Occidental Petroleum from $42.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, June 26th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.62.

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.