Whittier Trust Co. reduced its position in Occidental Petroleum Co. (NYSE:OXY) by 25.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 9,639 shares of the oil and gas producer’s stock after selling 3,328 shares during the period. Whittier Trust Co.’s holdings in Occidental Petroleum were worth $710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of OXY. Tompkins Financial Corp raised its position in Occidental Petroleum by 1.9% in the fourth quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock valued at $2,664,000 after purchasing an additional 661 shares during the period. Koshinski Asset Management Inc. raised its position in Occidental Petroleum by 3.8% in the fourth quarter. Koshinski Asset Management Inc. now owns 18,357 shares of the oil and gas producer’s stock valued at $1,352,000 after purchasing an additional 679 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in Occidental Petroleum by 25.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 714 shares during the period. Hermes Investment Management Ltd. raised its position in Occidental Petroleum by 1.6% in the fourth quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock valued at $3,327,000 after purchasing an additional 720 shares during the period. Finally, Enterprise Financial Services Corp raised its position in Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares during the period. 79.98% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on OXY shares. Morgan Stanley raised their price objective on Occidental Petroleum from $62.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Jefferies Group raised their price objective on Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Mizuho reissued a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 3rd. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Barclays raised their price objective on Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Occidental Petroleum presently has an average rating of “Hold” and an average price target of $70.07.

Occidental Petroleum Co. (NYSE OXY) opened at $69.85 on Thursday. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. Occidental Petroleum Co. has a 52 week low of $57.20 and a 52 week high of $78.09. The company has a market capitalization of $53,352.91, a P/E ratio of 78.34, a price-to-earnings-growth ratio of 4.47 and a beta of 0.53.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. Occidental Petroleum had a return on equity of 3.28% and a net margin of 9.88%. The company had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous year, the firm posted ($0.13) earnings per share. equities research analysts predict that Occidental Petroleum Co. will post 2.47 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.41%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 180.12%.

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

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