Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 38.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,042 shares of the oil and gas producer’s stock after selling 2,523 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Occidental Petroleum were worth $242,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its holdings in Occidental Petroleum by 8.6% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 156,279 shares of the oil and gas producer’s stock worth $10,139,000 after purchasing an additional 12,349 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in Occidental Petroleum by 8.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 5,825 shares of the oil and gas producer’s stock valued at $343,000 after acquiring an additional 474 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Occidental Petroleum during the 3rd quarter worth $29,665,000. Koshinski Asset Management Inc. increased its position in shares of Occidental Petroleum by 53.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 48,179 shares of the oil and gas producer’s stock worth $2,877,000 after purchasing an additional 16,871 shares during the last quarter. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Occidental Petroleum in the 3rd quarter valued at about $5,758,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on OXY. StockNews.com raised Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Raymond James dropped their price target on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, January 24th. Scotiabank raised shares of Occidental Petroleum from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $63.00 to $90.00 in a report on Thursday, April 11th. Mizuho raised their price target on shares of Occidental Petroleum from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, HSBC began coverage on shares of Occidental Petroleum in a research report on Monday, April 8th. They set a “hold” rating and a $65.00 price objective for the company. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Occidental Petroleum presently has an average rating of “Moderate Buy” and a consensus price target of $72.06.

Occidental Petroleum Trading Down 1.0 %

Shares of OXY stock opened at $68.35 on Tuesday. The firm has a market capitalization of $60.59 billion, a PE ratio of 17.48 and a beta of 1.64. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.92. Occidental Petroleum Co. has a 1 year low of $55.12 and a 1 year high of $71.18. The stock has a fifty day moving average of $62.70 and a two-hundred day moving average of $61.05.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The business had revenue of $7.53 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. As a group, research analysts expect that Occidental Petroleum Co. will post 3.84 EPS for the current year.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 8th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, March 7th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.18. Occidental Petroleum’s payout ratio is currently 22.51%.

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.