Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lessened its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,552 shares of the oil and gas producer’s stock after selling 1,017 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Occidental Petroleum were worth $8,953,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Fis Group Inc. purchased a new stake in Occidental Petroleum in the 3rd quarter worth about $126,000. Enterprise Financial Services Corp grew its stake in Occidental Petroleum by 68.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 806 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new position in shares of Occidental Petroleum in the 2nd quarter valued at about $147,000. Atlantic Trust LLC increased its holdings in shares of Occidental Petroleum by 23.8% in the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 535 shares during the period. Finally, Field & Main Bank purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth approximately $166,000. 79.98% of the stock is owned by institutional investors.

OXY has been the subject of several research reports. Goldman Sachs Group upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Credit Suisse Group initiated coverage on shares of Occidental Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $62.00 target price for the company. Jefferies Group lifted their target price on shares of Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Citigroup raised shares of Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price target on the stock in a research note on Monday, January 22nd. Finally, Macquarie initiated coverage on Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $70.07.

Occidental Petroleum Co. (NYSE:OXY) traded up $0.08 during midday trading on Wednesday, reaching $69.80. The company’s stock had a trading volume of 5,735,550 shares, compared to its average volume of 4,074,407. The company has a market capitalization of $53,350.00, a price-to-earnings ratio of 98.25, a P/E/G ratio of 4.48 and a beta of 0.53. Occidental Petroleum Co. has a one year low of $57.20 and a one year high of $78.09. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.41. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the prior year, the firm posted ($0.13) EPS. analysts forecast that Occidental Petroleum Co. will post 0.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be issued a dividend of $0.77 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.08 annualized dividend and a yield of 4.41%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 433.80%.

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Occidental Petroleum 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 (NYSE:OXY)

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