Natixis Advisors L.P. Sells 5,946 Shares of Occidental Petroleum Co. (NYSE:OXY)

Natixis Advisors L.P. lowered its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 170,789 shares of the oil and gas producer’s stock after selling 5,946 shares during the quarter. Natixis Advisors L.P.’s holdings in Occidental Petroleum were worth $10,197,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OXY. American Century Companies Inc. grew its stake in shares of Occidental Petroleum by 600.4% during the third quarter. American Century Companies Inc. now owns 2,242,910 shares of the oil and gas producer’s stock valued at $145,520,000 after purchasing an additional 1,922,656 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Occidental Petroleum by 22.2% during the fourth quarter. Pacer Advisors Inc. now owns 5,995,258 shares of the oil and gas producer’s stock worth $357,977,000 after acquiring an additional 1,088,052 shares during the last quarter. ANTIPODES PARTNERS Ltd lifted its stake in shares of Occidental Petroleum by 51.7% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 2,340,465 shares of the oil and gas producer’s stock valued at $139,749,000 after acquiring an additional 797,894 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in Occidental Petroleum in the third quarter valued at about $29,665,000. Finally, Assenagon Asset Management S.A. increased its position in Occidental Petroleum by 1,279.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 231,899 shares of the oil and gas producer’s stock worth $13,847,000 after purchasing an additional 215,091 shares during the period. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Trading Down 2.1 %

NYSE OXY opened at $63.69 on Thursday. The company has a market cap of $56.46 billion, a PE ratio of 16.29 and a beta of 1.64. Occidental Petroleum Co. has a 12 month low of $55.12 and a 12 month high of $71.18. The stock has a 50 day moving average of $64.98 and a 200-day moving average of $61.34. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas producer reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.70 billion. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The company’s quarterly revenue was down 17.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS. On average, equities research analysts anticipate that Occidental Petroleum Co. will post 3.81 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be given a $0.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.38%. Occidental Petroleum’s payout ratio is 22.51%.

Analyst Ratings Changes

A number of research firms recently weighed in on OXY. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. Susquehanna upped their price target on Occidental Petroleum from $70.00 to $81.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. HSBC started coverage on shares of Occidental Petroleum in a report on Monday, April 8th. They set a “hold” rating and a $65.00 price objective for the company. Mizuho boosted their price target on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Raymond James dropped their price objective on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.00.

Occidental Petroleum Company Profile

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.