Occidental Petroleum Corporation (OXY) Shares Sold by Fayez Sarofim & Co.

Fayez Sarofim & Co. lowered its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 67.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,066 shares of the oil and gas producer’s stock after selling 1,208,071 shares during the quarter. Fayez Sarofim & Co. owned approximately 0.08% of Occidental Petroleum Corporation worth $37,889,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Glassman Wealth Services boosted its stake in Occidental Petroleum Corporation by 0.3% during the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 8 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in Occidental Petroleum Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock valued at $187,000 after buying an additional 20 shares during the last quarter. Glenview State Bank Trust DEPT. boosted its stake in Occidental Petroleum Corporation by 0.4% during the second quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock valued at $348,000 after buying an additional 24 shares during the last quarter. Good Life Advisors LLC boosted its stake in Occidental Petroleum Corporation by 0.8% during the second quarter. Good Life Advisors LLC now owns 7,401 shares of the oil and gas producer’s stock valued at $436,000 after buying an additional 58 shares during the last quarter. Finally, Savant Capital LLC boosted its stake in Occidental Petroleum Corporation by 1.5% during the second quarter. Savant Capital LLC now owns 5,154 shares of the oil and gas producer’s stock valued at $309,000 after buying an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 80.29% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded up $1.23 during midday trading on Friday, hitting $68.40. The stock had a trading volume of 5,503,841 shares, compared to its average volume of 4,786,403. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $73.51. The stock has a market capitalization of $52,358.06, a P/E ratio of 195.49, a price-to-earnings-growth ratio of 14.57 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. research analysts expect that Occidental Petroleum Corporation will post 0.72 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be issued a $0.77 dividend. The ex-dividend date is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.50%. Occidental Petroleum Corporation’s payout ratio is 440.00%.

A number of brokerages recently commented on OXY. BidaskClub raised Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Piper Jaffray Companies set a $55.00 price target on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. Barclays PLC set a $38.00 price target on Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Jefferies Group LLC set a $64.00 price target on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. Finally, Mizuho reissued a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $66.07.

TRADEMARK VIOLATION WARNING: This article was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://sportsperspectives.com/2017/11/19/occidental-petroleum-corporation-oxy-shares-sold-by-fayez-sarofim-co.html.

Occidental Petroleum Corporation Company 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.

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

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply