Empowered Funds LLC Decreases Stake in Occidental Petroleum Co. (NYSE:OXY)

Empowered Funds LLC decreased its stake in Occidental Petroleum Co. (NYSE:OXY) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 208,980 shares of the oil and gas producer’s stock after selling 10,172 shares during the period. Empowered Funds LLC’s holdings in Occidental Petroleum were worth $10,771,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OXY. Nicolet Advisory Services LLC purchased a new stake in Occidental Petroleum during the first quarter worth $205,000. Trustmark National Bank Trust Department boosted its position in shares of Occidental Petroleum by 10.8% in the 1st quarter. Trustmark National Bank Trust Department now owns 33,098 shares of the oil and gas producer’s stock worth $2,151,000 after buying an additional 3,238 shares in the last quarter. Secured Retirement Advisors LLC grew its stake in Occidental Petroleum by 24.5% in the 1st quarter. Secured Retirement Advisors LLC now owns 17,208 shares of the oil and gas producer’s stock valued at $1,118,000 after acquiring an additional 3,384 shares during the last quarter. Lane Generational LLC increased its holdings in Occidental Petroleum by 4.8% during the 1st quarter. Lane Generational LLC now owns 80,801 shares of the oil and gas producer’s stock valued at $5,251,000 after acquiring an additional 3,711 shares in the last quarter. Finally, Cedar Wealth Management LLC raised its position in Occidental Petroleum by 150.6% during the first quarter. Cedar Wealth Management LLC now owns 11,988 shares of the oil and gas producer’s stock worth $779,000 after acquiring an additional 7,205 shares during the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analysts Set New Price Targets

OXY has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $56.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday. StockNews.com raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. TD Cowen lowered their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, UBS Group cut their price objective on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.70.

Occidental Petroleum Stock Performance

Shares of OXY stock opened at $49.93 on Friday. Occidental Petroleum Co. has a 12 month low of $48.42 and a 12 month high of $71.18. The firm has a market capitalization of $46.85 billion, a P/E ratio of 13.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.75. The company’s fifty day moving average price is $51.80 and its two-hundred day moving average price is $57.49.

Occidental Petroleum Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.76%. Occidental Petroleum’s dividend payout ratio is presently 22.92%.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.