Atria Wealth Solutions Inc. Has $585,000 Stock Holdings in Occidental Petroleum Corporation (NYSE:OXY)

Atria Wealth Solutions Inc. lessened its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 53.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,849 shares of the oil and gas producer’s stock after selling 13,410 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Occidental Petroleum were worth $585,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of OXY. Altshuler Shaham Ltd bought a new position in shares of Occidental Petroleum in the 4th quarter valued at $26,000. Bernard Wealth Management Corp. bought a new position in shares of Occidental Petroleum in the 4th quarter valued at $32,000. Grove Bank & Trust lifted its stake in shares of Occidental Petroleum by 129.2% in the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 407 shares during the last quarter. American National Bank & Trust bought a new position in shares of Occidental Petroleum in the 1st quarter valued at $39,000. Finally, Quarry LP lifted its stake in shares of Occidental Petroleum by 615.2% in the 4th quarter. Quarry LP now owns 987 shares of the oil and gas producer’s stock valued at $49,000 after acquiring an additional 849 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on OXY. Susquehanna lowered their target price on Occidental Petroleum from $59.00 to $55.00 and set a “positive” rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Mizuho lowered their target price on Occidental Petroleum from $60.00 to $58.00 and set a “neutral” rating for the company in a research report on Tuesday, May 13th. Barclays raised their target price on Occidental Petroleum from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 8th. Finally, Citigroup raised 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. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of “Hold” and an average target price of $53.71.

Occidental Petroleum Stock Performance

Shares of OXY opened at $44.70 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83. The stock has a 50-day moving average of $44.06 and a 200-day moving average of $44.25. The company has a market cap of $44.00 billion, a PE ratio of 26.45 and a beta of 0.91. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $58.47.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 EPS. On average, equities research analysts predict that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.24 per share. The ex-dividend date is Wednesday, September 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.1%. Occidental Petroleum’s payout ratio is 56.80%.

About Occidental Petroleum

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.