M&T Bank Corp trimmed its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.9% in the fourth quarter, Holdings Channel reports. The firm owned 557,775 shares of the oil and gas producer’s stock after selling 22,387 shares during the period. M&T Bank Corp’s holdings in Occidental Petroleum were worth $41,086,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Westwood Holdings Group Inc. increased its position in shares of Occidental Petroleum by 2.6% during the 2nd quarter. Westwood Holdings Group Inc. now owns 10,728 shares of the oil and gas producer’s stock worth $642,000 after purchasing an additional 273 shares during the last quarter. Orleans Capital Management Corp LA increased its position in shares of Occidental Petroleum by 1.3% during the 2nd quarter. Orleans Capital Management Corp LA now owns 22,594 shares of the oil and gas producer’s stock worth $1,353,000 after purchasing an additional 300 shares during the last quarter. Atlantic Trust LLC increased its position in shares of Occidental Petroleum by 23.8% during the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock worth $154,000 after purchasing an additional 535 shares during the last quarter. Tompkins Financial Corp increased its position in shares of Occidental Petroleum by 1.9% during the 4th quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock worth $2,664,000 after purchasing an additional 661 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its position in shares of Occidental Petroleum by 3.8% during the 4th quarter. Koshinski Asset Management Inc. now owns 18,357 shares of the oil and gas producer’s stock worth $1,352,000 after purchasing an additional 679 shares during the last quarter. 80.21% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Co. (OXY) opened at $68.47 on Friday. Occidental Petroleum Co. has a twelve month low of $57.20 and a twelve month high of $78.09. The company has a market capitalization of $52,400.00, a PE ratio of 96.44, a P/E/G ratio of 4.48 and a beta of 0.53. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.50%. Occidental Petroleum’s payout ratio is presently 433.80%.

OXY has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Morgan Stanley raised their price objective on Occidental Petroleum from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Jefferies Group raised their target price on Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Mizuho restated a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum in a report on Friday, November 3rd. Finally, Goldman Sachs Group upgraded Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $70.07.

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About Occidental Petroleum

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 (NYSE:OXY)

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