Keystone Financial Planning Inc. cut its position in shares of Occidental Petroleum Corp. (NYSE:OXY) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,255 shares of the company’s stock after selling 146 shares during the period. Occidental Petroleum Corp. accounts for about 3.0% of Keystone Financial Planning Inc.’s investment portfolio, making the stock its 20th largest position. Keystone Financial Planning Inc.’s holdings in Occidental Petroleum Corp. were worth $4,540,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OXY. Cable Hill Partners LLC raised its stake in Occidental Petroleum Corp. by 0.5% in the second quarter. Cable Hill Partners LLC now owns 3,738 shares of the company’s stock valued at $284,000 after buying an additional 18 shares in the last quarter. Kistler Tiffany Companies LLC raised its stake in Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock valued at $102,000 after buying an additional 19 shares in the last quarter. NEXT Financial Group Inc raised its stake in Occidental Petroleum Corp. by 0.5% in the second quarter. NEXT Financial Group Inc now owns 3,807 shares of the company’s stock valued at $287,000 after buying an additional 19 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in Occidental Petroleum Corp. by 0.4% in the second quarter. Clear Harbor Asset Management LLC now owns 5,387 shares of the company’s stock valued at $407,000 after buying an additional 20 shares in the last quarter. Finally, Texan Capital Management raised its stake in Occidental Petroleum Corp. by 0.3% in the second quarter. Texan Capital Management now owns 9,985 shares of the company’s stock valued at $754,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.

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

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded down 1.20% during trading on Tuesday, hitting $67.57. 3,976,060 shares of the company’s stock were exchanged. Occidental Petroleum Corp. has a 1-year low of $58.24 and a 1-year high of $78.48. The stock’s 50-day moving average price is $70.58 and its 200-day moving average price is $73.88. The stock’s market cap is $51.64 billion.

Occidental Petroleum Corp. (NYSE:OXY) last released its quarterly earnings results on Tuesday, November 1st. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.04. Occidental Petroleum Corp. had a negative net margin of 52.62% and a negative return on equity of 3.43%. The business earned $2.65 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the company posted $0.03 earnings per share. The company’s revenue was down 15.0% on a year-over-year basis. On average, equities analysts expect that Occidental Petroleum Corp. will post ($0.86) earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $3.04 annualized dividend and a dividend yield of 4.50%. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is presently -42.34%.

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OXY has been the subject of a number of analyst reports. Mizuho initiated coverage on shares of Occidental Petroleum Corp. in a report on Wednesday, October 5th. They set a “buy” rating and a $83.00 price objective for the company. reaffirmed a “buy” rating on shares of Occidental Petroleum Corp. in a report on Tuesday, August 16th. Jefferies Group reaffirmed a “hold” rating on shares of Occidental Petroleum Corp. in a report on Thursday, September 8th. Deutsche Bank AG downgraded shares of Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price objective for the company. in a report on Friday, August 5th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $72.00 price objective on shares of Occidental Petroleum Corp. in a report on Monday, September 12th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $75.74.

In other Occidental Petroleum Corp. news, Director Stephen I. Chazen sold 9,000 shares of the stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $77.00, for a total transaction of $693,000.00. Following the sale, the director now directly owns 1,702,119 shares in the company, valued at $131,063,163. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen I. Chazen sold 2,000 shares of the stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $69.81, for a total transaction of $139,620.00. Following the sale, the director now owns 1,579,619 shares in the company, valued at $110,273,202.39. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

Occidental Petroleum Corp. Company Profile

Occidental Petroleum Corporation 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.

5 Day Chart for NYSE:OXY

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