Founders Financial Securities LLC trimmed its holdings in Occidental Petroleum Co. (NYSE:OXY) by 13.5% during the second quarter, HoldingsChannel.com reports. The firm owned 12,100 shares of the oil and gas producer’s stock after selling 1,886 shares during the period. Founders Financial Securities LLC’s holdings in Occidental Petroleum were worth $608,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pinnacle Bank bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $28,000. Liberty Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at approximately $34,000. Harvest Group Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 1st quarter valued at approximately $34,000. Cornerstone Advisors Inc. increased its holdings in shares of Occidental Petroleum by 110.9% in the 1st quarter. Cornerstone Advisors Inc. now owns 694 shares of the oil and gas producer’s stock valued at $46,000 after acquiring an additional 365 shares during the last quarter. Finally, Meridian Wealth Management LLC bought a new stake in shares of Occidental Petroleum in the 1st quarter valued at approximately $46,000. 81.32% of the stock is currently owned by institutional investors.

In other Occidental Petroleum news, Director Avedick Baruyr Poladian purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $48.77 per share, with a total value of $243,850.00. Following the completion of the purchase, the director now owns 60,319 shares in the company, valued at approximately $2,941,757.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Cedric W. Burgher purchased 4,100 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $49.61 per share, with a total value of $203,401.00. Following the purchase, the chief financial officer now owns 76,842 shares of the company’s stock, valued at approximately $3,812,131.62. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 80,660 shares of company stock valued at $3,893,851. 0.15% of the stock is owned by company insiders.

OXY has been the subject of a number of research analyst reports. Morgan Stanley set a $207.00 price target on Alibaba Group and gave the company a “buy” rating in a report on Friday, July 12th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 265 ($3.46) price target on shares of WM Morrison Supermarkets in a report on Monday, April 29th. Mizuho set a $208.00 price target on Amgen and gave the company a “buy” rating in a report on Monday, April 22nd. Wells Fargo & Co downgraded Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. Finally, Argus boosted their price target on Leidos to $82.00 and gave the company a “positive” rating in a report on Thursday, May 16th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Occidental Petroleum presently has a consensus rating of “Hold” and a consensus price target of $74.30.

OXY traded down $1.06 during trading on Monday, reaching $50.53. 1,754,732 shares of the company were exchanged, compared to its average volume of 6,809,200. The firm has a market capitalization of $38.40 billion, a PE ratio of 10.09, a P/E/G ratio of 3.00 and a beta of 0.83. The business’s 50 day moving average price is $50.22. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.23. Occidental Petroleum Co. has a 52 week low of $47.00 and a 52 week high of $84.55.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Sunday, May 5th. The oil and gas producer reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. Occidental Petroleum had a return on equity of 17.70% and a net margin of 21.17%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. On average, analysts forecast that Occidental Petroleum Co. will post 3.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.79 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.78. This represents a $3.16 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date is Monday, September 9th. Occidental Petroleum’s dividend payout ratio is presently 62.28%.

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 and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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