Tdam USA Inc. Cuts Position in Occidental Petroleum Corporation (OXY)

Tdam USA Inc. decreased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 5.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 278,270 shares of the oil and gas producer’s stock after selling 17,124 shares during the period. Occidental Petroleum Corporation makes up about 1.1% of Tdam USA Inc.’s investment portfolio, making the stock its 27th largest position. Tdam USA Inc.’s holdings in Occidental Petroleum Corporation were worth $17,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of OXY. Grove Bank & Trust raised its stake in shares of Occidental Petroleum Corporation by 54.8% during the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after purchasing an additional 622 shares during the period. Oakworth Capital Inc. raised its stake in shares of Occidental Petroleum Corporation by 14.7% during the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 250 shares during the period. FNY Partners Fund LP purchased a new stake in shares of Occidental Petroleum Corporation during the first quarter valued at approximately $126,000. Fis Group Inc. purchased a new stake in shares of Occidental Petroleum Corporation during the third quarter valued at approximately $126,000. Finally, Enterprise Financial Services Corp raised its stake in shares of Occidental Petroleum Corporation by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Shares of Occidental Petroleum Corporation (OXY) traded up $0.30 during trading hours on Friday, hitting $68.54. 692,696 shares of the company were exchanged, compared to its average volume of 4,505,259. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $52,212.70, a price-to-earnings ratio of 194.94, a PEG ratio of 14.53 and a beta of 0.63. Occidental Petroleum Corporation has a fifty-two week low of $57.20 and a fifty-two week high of $73.51.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.15) earnings per share. analysts forecast that Occidental Petroleum Corporation will post 0.72 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.49%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 440.00%.

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A number of analysts have recently issued reports on OXY shares. Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Barclays PLC set a $38.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Scotiabank reiterated a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum Corporation in a research note on Wednesday. BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $58.00 price objective on shares of Occidental Petroleum Corporation in a research note on Friday, October 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $67.27.

Occidental Petroleum Corporation 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.

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

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