Teacher Retirement System of Texas lowered its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 90.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,419 shares of the oil and gas producer’s stock after selling 96,529 shares during the quarter. Teacher Retirement System of Texas’ holdings in Occidental Petroleum Corporation were worth $669,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Grove Bank & Trust boosted its position in shares of Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 622 shares during the period. Oakworth Capital Inc. boosted its position in shares of Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 250 shares during the period. FNY Partners Fund LP bought a new stake in shares of Occidental Petroleum Corporation in the first quarter valued at approximately $126,000. Fis Group Inc. bought a new stake in shares of Occidental Petroleum Corporation in the third quarter valued at approximately $126,000. Finally, Enterprise Financial Services Corp boosted its position in shares of Occidental Petroleum Corporation by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 806 shares during the period. 80.82% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Scotiabank reissued a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum Corporation in a research report on Wednesday. Barclays PLC upped their target price on Occidental Petroleum Corporation from $45.00 to $47.00 and gave the company an “underweight” rating in a research note on Monday. Cowen and Company restated a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research note on Thursday, September 28th. BMO Capital Markets set a $60.00 target price on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Finally, Mizuho restated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum Corporation in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $66.80.

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Occidental Petroleum Corporation (NYSE OXY) opened at $68.23 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $73.51. The stock has a market capitalization of $51,944.85, a price-to-earnings ratio of 193.94, a price-to-earnings-growth ratio of 14.45 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company posted ($0.15) earnings per share. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities analysts anticipate that Occidental Petroleum Corporation will post 0.72 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.51%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 440.00%.

Occidental Petroleum Corporation Company Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), 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 Corporation (NYSE:OXY)

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