Occidental Petroleum Co. (NYSE:OXY) Stock Holdings Reduced by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its position in Occidental Petroleum Co. (NYSE:OXY — Free Report) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,389,353 shares of the oil and gas producer’s stock after selling 122,637 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.15% of Occidental Petroleum worth $68,648,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OXY. Brookstone Capital Management boosted its stake in shares of Occidental Petroleum by 13.3% during the 4th quarter. Brookstone Capital Management now owns 11,630 shares of the oil and gas producer’s stock worth $575,000 after acquiring an additional 1,367 shares in the last quarter. Park Avenue Securities LLC boosted its stake in shares of Occidental Petroleum by 3.2% during the 4th quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer’s stock worth $398,000 after acquiring an additional 250 shares in the last quarter. Carnegie Investment Counsel boosted its stake in shares of Occidental Petroleum by 22.5% during the 4th quarter. Carnegie Investment Counsel now owns 55,370 shares of the oil and gas producer’s stock worth $2,736,000 after acquiring an additional 10,167 shares in the last quarter. Certified Advisory Corp bought a new stake in shares of Occidental Petroleum during the 4th quarter worth about $476,000. Finally, Empirical Asset Management LLC bought a new stake in shares of Occidental Petroleum during the 4th quarter worth about $2,639,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Occidental Petroleum stock opened at $43.02 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The company has a market capitalization of $42.34 billion, a PE ratio of 17.63 and a beta of 0.81. Occidental Petroleum Co. has a one year low of $34.79 and a one year high of $64.76. The business has a 50 day simple moving average of $42.69 and a 200 day simple moving average of $46.98.

Occidental Petroleum (NYSE:OXY — Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.74 by $0.13. The business had revenue of $6.80 billion during the quarter, compared to the consensus estimate of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. Occidental Petroleum’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the company earned $0.63 EPS. On average, sell-side analysts forecast that Occidental Petroleum Co. will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be given a $0.24 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 annualized dividend and a yield of 2.23%. Occidental Petroleum’s payout ratio is 39.02%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stephens decreased their target price on Occidental Petroleum from $60.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Scotiabank downgraded Occidental Petroleum from a “sector outperform” rating to a “sector perform” rating and set a $40.00 target price for the company. in a research note on Friday, April 11th. StockNews.com downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, February 27th. Mizuho decreased their target price on Occidental Petroleum from $60.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, May 13th. Finally, Barclays increased their target price on Occidental Petroleum from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Thursday, May 8th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.48.

Check Out Our Latest Research Report on OXY

Occidental Petroleum Profile

(Free Report)

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.

Featured Articles

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Occidental Petroleum, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Occidental Petroleum wasn’t on the list.

While Occidental Petroleum currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here