Townsquare Capital LLC Has $5.92 Million Stake in Occidental Petroleum Co. (NYSE:OXY)

Townsquare Capital LLC trimmed its position in Occidental Petroleum Co. (NYSE:OXY) by 59.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,935 shares of the oil and gas producer’s stock after selling 171,961 shares during the quarter. Townsquare Capital LLC’s holdings in Occidental Petroleum were worth $5,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Stephens Inc. AR boosted its holdings in Occidental Petroleum by 221.0% during the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock valued at $777,000 after acquiring an additional 10,382 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in Occidental Petroleum by 1.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,482,049 shares of the oil and gas producer’s stock valued at $76,385,000 after purchasing an additional 22,920 shares during the period. Czech National Bank grew its holdings in Occidental Petroleum by 8.3% in the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock valued at $7,069,000 after buying an additional 10,456 shares during the last quarter. Discovery Capital Management LLC CT bought a new position in Occidental Petroleum in the 2nd quarter worth approximately $10,331,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Occidental Petroleum by 15.2% during the third quarter. Janney Montgomery Scott LLC now owns 221,970 shares of the oil and gas producer’s stock worth $11,440,000 after buying an additional 29,344 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Stock Performance

NYSE OXY opened at $50.32 on Friday. Occidental Petroleum Co. has a 1-year low of $48.42 and a 1-year high of $71.18. The company has a 50 day moving average of $51.66 and a 200-day moving average of $56.63. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The firm has a market cap of $47.22 billion, a price-to-earnings ratio of 13.10 and a beta of 1.58.

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 given a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.75%. Occidental Petroleum’s payout ratio is 22.92%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OXY shares. Wolfe Research boosted their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Mizuho dropped their price objective on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Jefferies Financial Group increased their target price on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research note on Tuesday, November 12th. Barclays lowered their price target on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, Bank of America began coverage on Occidental Petroleum in a research report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price objective for the company. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.25.

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.