Occidental Petroleum Co. (NYSE:OXY) Holdings Decreased by Bokf Na

Bokf Na reduced its holdings in Occidental Petroleum Co. (NYSE:OXY) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,936 shares of the oil and gas producer’s stock after selling 628 shares during the period. Bokf Na’s holdings in Occidental Petroleum were worth $1,383,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. boosted its holdings in shares of Occidental Petroleum by 75.2% during the first quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 167 shares during the period. LifeSteps Financial Inc. acquired a new stake in shares of Occidental Petroleum during the 1st quarter valued at $34,000. Able Wealth Management LLC purchased a new position in shares of Occidental Petroleum during the 4th quarter valued at $38,000. New Covenant Trust Company N.A. purchased a new stake in shares of Occidental Petroleum during the first quarter worth $44,000. Finally, LRI Investments LLC acquired a new stake in Occidental Petroleum during the first quarter valued at $44,000. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Stock Performance

OXY opened at $51.05 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.04 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average price is $57.85 and its two-hundred day moving average price is $61.57. The firm has a market capitalization of $46.23 billion, a P/E ratio of 13.95 and a beta of 1.58. Occidental Petroleum Co. has a 12-month low of $49.90 and a 12-month high of $71.18.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.26. Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%. The business had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the company posted $0.68 earnings per share. Occidental Petroleum’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts forecast that Occidental Petroleum Co. will post 3.71 earnings per share for the current year.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 10th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, September 10th. Occidental Petroleum’s payout ratio is presently 24.04%.

Analyst Ratings Changes

Several brokerages have weighed in on OXY. Wolfe Research assumed coverage on Occidental Petroleum in a research report on Thursday, July 18th. They issued an “outperform” rating and a $81.00 target price on the stock. Citigroup cut their price objective on shares of Occidental Petroleum from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Truist Financial decreased their target price on shares of Occidental Petroleum from $67.00 to $65.00 and set a “hold” rating for the company in a research report on Monday, August 12th. Wells Fargo & Company cut their price target on shares of Occidental Petroleum from $68.00 to $65.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. Finally, Stephens reiterated an “overweight” rating and issued a $76.00 price objective on shares of Occidental Petroleum in a report on Thursday, August 8th. Nine analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $72.27.

Insider Buying and Selling

In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total value of $697,125,000.00. Following the completion of the sale, the insider now owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 334,461 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were acquired at an average price of $59.75 per share, with a total value of $19,984,044.75. Following the completion of the purchase, the insider now directly owns 255,281,524 shares in the company, valued at approximately $15,253,071,059. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares of the company’s stock, valued at approximately $5,923,116,413.50. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

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.