Occidental Petroleum Corporation $OXY Shares Sold by MYDA Advisors LLC

MYDA Advisors LLC reduced its stake in Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 66.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the oil and gas producer’s stock after selling 80,000 shares during the period. MYDA Advisors LLC’s holdings in Occidental Petroleum were worth $1,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OXY. Bernard Wealth Management Corp. acquired a new position in Occidental Petroleum during the 4th quarter worth approximately $32,000. Grove Bank & Trust raised its holdings in Occidental Petroleum by 129.2% during the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 407 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Occidental Petroleum during the 1st quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd acquired a new position in Occidental Petroleum in the first quarter valued at $39,000. Finally, Quarry LP increased its position in shares of Occidental Petroleum by 615.2% during the fourth quarter. Quarry LP now owns 987 shares of the oil and gas producer’s stock worth $49,000 after purchasing an additional 849 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Performance

NYSE OXY opened at $46.91 on Thursday. The business has a 50 day moving average price of $44.21 and a 200 day moving average price of $44.07. The company has a market capitalization of $46.18 billion, a P/E ratio of 27.76 and a beta of 0.91. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $57.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83.

Occidental Petroleum (NYSE:OXY — Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The business had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.29 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts expect that Occidental Petroleum Corporation 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 Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 56.80%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Melius started coverage on Occidental Petroleum in a research note on Wednesday, August 20th. They issued a “hold” rating and a $64.00 price objective for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $52.00 price target on shares of Occidental Petroleum in a research report on Monday, August 18th. Scotiabank increased their price target on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research note on Friday, July 11th. Wall Street Zen lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company reduced their price objective on Occidental Petroleum from $47.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $54.65.

Check Out Our Latest Stock Analysis on Occidental Petroleum

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.

See Also

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY — Free Report).

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