Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in shares of Occidental Petroleum Co. (NYSE:OXY – Get Rating) by 17.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,108 shares of the oil and gas producer’s stock after selling 24,664 shares during the quarter. Yousif Capital Management LLC’s holdings in Occidental Petroleum were worth $7,073,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OXY. Apeiron RIA LLC purchased a new position in Occidental Petroleum during the second quarter valued at $26,000. Selway Asset Management acquired a new stake in Occidental Petroleum in the 3rd quarter worth about $37,000. Tilia Fiduciary Partners Inc. acquired a new position in shares of Occidental Petroleum during the second quarter valued at approximately $40,000. Accel Wealth Management lifted its position in shares of Occidental Petroleum by 1,176.5% in the third quarter. Accel Wealth Management now owns 651 shares of the oil and gas producer’s stock valued at $43,000 after acquiring an additional 600 shares in the last quarter. Finally, James Investment Research Inc. acquired a new stake in shares of Occidental Petroleum in the second quarter worth approximately $50,000. Institutional investors and hedge funds own 78.45% of the company’s stock.

Occidental Petroleum Price Performance

OXY stock opened at $64.43 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.86 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $58.56 billion, a PE ratio of 5.36, a P/E/G ratio of 0.40 and a beta of 1.78. Occidental Petroleum Co. has a 12-month low of $33.22 and a 12-month high of $77.13. The business’s fifty day moving average price is $65.48 and its 200 day moving average price is $66.07.

Occidental Petroleum (NYSE:OXY – Get Rating) last issued its quarterly earnings results on Tuesday, November 8th. The oil and gas producer reported $2.44 earnings per share for the quarter, missing the consensus estimate of $2.48 by ($0.04). Occidental Petroleum had a return on equity of 59.90% and a net margin of 35.11%. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $9.35 billion. On average, sell-side analysts anticipate that Occidental Petroleum Co. will post 9.64 EPS for the current year.

Occidental Petroleum Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 12th. Shareholders of record on Monday, December 12th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, December 9th. This represents a $0.52 annualized dividend and a yield of 0.81%. Occidental Petroleum’s dividend payout ratio (DPR) is 4.33%.

Analysts Set New Price Targets

OXY has been the topic of a number of research analyst reports. Piper Sandler lowered their price target on Occidental Petroleum from $76.00 to $69.00 and set a “neutral” rating on the stock in a research note on Monday, December 19th. StockNews.com initiated coverage on Occidental Petroleum in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Wells Fargo & Company lowered their price target on Occidental Petroleum from $74.00 to $67.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 10th. Mizuho reissued a “buy” rating and set a $82.00 price objective (up previously from $81.00) on shares of Occidental Petroleum in a research note on Tuesday, January 10th. Finally, Bank of America raised Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, January 6th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $76.76.

Occidental Petroleum Company Profile

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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, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.