Fifth Third Wealth Advisors LLC trimmed its place in shares of Occidental Petroleum Co. (NYSE:OXY – Free Report) by 38.9% throughout the third quarter, in accordance with its most up-to-date Type 13F submitting with the Securities & Trade Fee. The institutional investor owned 6,645 shares of the oil and fuel producer’s inventory after promoting 4,223 shares throughout the interval. Fifth Third Wealth Advisors LLC’s holdings in Occidental Petroleum have been price $342,000 as of its most up-to-date SEC submitting.
A number of different hedge funds and different institutional buyers have additionally modified their holdings of OXY. Prospera Monetary Companies Inc raised its holdings in shares of Occidental Petroleum by 22.5% within the third quarter. Prospera Monetary Companies Inc now owns 9,160 shares of the oil and fuel producer’s inventory valued at $472,000 after shopping for a further 1,685 shares throughout the interval. Drive Wealth Administration LLC elevated its stake in Occidental Petroleum by 4.5% throughout the third quarter. Drive Wealth Administration LLC now owns 9,228 shares of the oil and fuel producer’s inventory price $477,000 after buying a further 394 shares throughout the interval. Investidor Profissional Gestao de Recursos Ltda. acquired a brand new stake in shares of Occidental Petroleum throughout the third quarter price about $1,011,000. Quest Companions LLC bought a brand new place in shares of Occidental Petroleum within the third quarter valued at roughly $1,360,000. Lastly, Swiss Nationwide Financial institution grew its holdings in shares of Occidental Petroleum by 0.3% within the third quarter. Swiss Nationwide Financial institution now owns 1,973,614 shares of the oil and fuel producer’s inventory valued at $101,720,000 after buying a further 5,200 shares within the final quarter. 88.70% of the inventory is at the moment owned by hedge funds and different institutional buyers.
Analysts Set New Value Targets
OXY has been the topic of a number of latest analysis stories. UBS Group decreased their value goal on shares of Occidental Petroleum from $59.00 to $58.00 and set a “impartial” ranking for the corporate in a analysis report on Monday. Financial institution of America began protection on Occidental Petroleum in a report on Thursday, October seventeenth. They issued a “impartial” ranking and a $57.00 goal value for the corporate. Stephens upped their value goal on Occidental Petroleum from $70.00 to $71.00 and gave the inventory an “obese” ranking in a report on Wednesday, November thirteenth. Evercore ISI decreased their value goal on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” ranking for the corporate in a analysis observe on Monday, September thirtieth. Lastly, Raymond James upped their goal value on shares of Occidental Petroleum from $77.00 to $78.00 and gave the inventory a “strong-buy” ranking in a analysis observe on Thursday. One analysis analyst has rated the inventory with a promote ranking, 13 have assigned a maintain ranking, six have assigned a purchase ranking and one has assigned a powerful purchase ranking to the corporate’s inventory. In keeping with MarketBeat.com, Occidental Petroleum at the moment has a consensus ranking of “Maintain” and a mean value goal of $63.70.
View Our Newest Evaluation on OXY
Occidental Petroleum Value Efficiency
OXY inventory opened at $51.54 on Friday. The corporate has a present ratio of 1.00, a fast ratio of 0.76 and a debt-to-equity ratio of 0.96. The corporate has a market capitalization of $48.36 billion, a P/E ratio of 13.42 and a beta of 1.58. The enterprise has a 50 day easy shifting common of $51.77 and a 200-day easy shifting common of $57.11. Occidental Petroleum Co. has a twelve month low of $48.42 and a twelve month excessive of $71.18.
Occidental Petroleum Dividend Announcement
The agency additionally not too long ago disclosed a quarterly dividend, which will likely be paid on Wednesday, January fifteenth. Shareholders of document on Tuesday, December tenth will likely be paid a $0.22 dividend. The ex-dividend date is Tuesday, December tenth. This represents a $0.88 dividend on an annualized foundation and a yield of 1.71%. Occidental Petroleum’s dividend payout ratio is presently 22.92%.
Occidental Petroleum Profile
Occidental Petroleum Company, along with its subsidiaries, engages within the acquisition, exploration, and growth of oil and fuel properties in america, the Center East, and North Africa. It operates by way of three segments: Oil and Gasoline, Chemical, and Midstream and Advertising. The corporate’s Oil and Gasoline section explores for, develops, and produces oil and condensate, pure fuel liquids (NGLs), and pure fuel.
Learn Extra
Need to see what different hedge funds are holding OXY? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Occidental Petroleum Co. (NYSE:OXY – Free Report).
Obtain Information & Rankings for Occidental Petroleum Each day – Enter your e-mail handle under to obtain a concise day by day abstract of the newest information and analysts’ scores for Occidental Petroleum and associated firms with MarketBeat.com’s FREE day by day e-mail publication.
