Natixis Advisors L.P. Has $16.50 Million Position in Occidental Petroleum (OXY)

Natixis Advisors L.P. lowered its position in shares of Occidental Petroleum (NYSE:OXY) by 4.7% in the 1st quarter, HoldingsChannel reports. The fund owned 253,960 shares of the oil and gas producer’s stock after selling 12,621 shares during the quarter. Natixis Advisors L.P.’s holdings in Occidental Petroleum were worth $16,497,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Occidental Petroleum by 0.5% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 133,331 shares of the oil and gas producer’s stock valued at $8,661,000 after acquiring an additional 716 shares in the last quarter. Hermes Investment Management Ltd. increased its position in shares of Occidental Petroleum by 1.6% during the fourth quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock valued at $3,327,000 after acquiring an additional 720 shares in the last quarter. Intrust Bank NA grew its position in Occidental Petroleum by 11.8% in the 4th quarter. Intrust Bank NA now owns 8,030 shares of the oil and gas producer’s stock worth $592,000 after purchasing an additional 850 shares during the period. Wrapmanager Inc. grew its position in Occidental Petroleum by 3.2% in the 1st quarter. Wrapmanager Inc. now owns 28,053 shares of the oil and gas producer’s stock worth $1,822,000 after purchasing an additional 857 shares during the period. Finally, State Treasurer State of Michigan grew its position in Occidental Petroleum by 0.4% in the 1st quarter. State Treasurer State of Michigan now owns 225,256 shares of the oil and gas producer’s stock worth $14,633,000 after purchasing an additional 900 shares during the period. 80.72% of the stock is owned by institutional investors.

Shares of OXY stock opened at $83.86 on Friday. Occidental Petroleum has a 1 year low of $57.84 and a 1 year high of $86.38. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.50. The firm has a market cap of $65.34 billion, a PE ratio of 94.22, a price-to-earnings-growth ratio of 3.27 and a beta of 0.60.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, May 8th. The oil and gas producer reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.21. Occidental Petroleum had a net margin of 13.47% and a return on equity of 6.15%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the previous year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. sell-side analysts forecast that Occidental Petroleum will post 4.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, June 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date is Friday, June 8th. Occidental Petroleum’s payout ratio is 346.07%.

OXY has been the subject of a number of research analyst reports. TheStreet raised shares of Occidental Petroleum from a “c+” rating to a “b” rating in a research report on Tuesday, May 8th. ValuEngine raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Bank of America raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Thursday, May 10th. Deutsche Bank raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Friday, March 23rd. Finally, Zacks Investment Research raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Monday, May 14th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.94.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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 (NYSE:OXY)

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