Occidental Petroleum Corporation $OXY Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC reduced its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 51.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,050 shares of the oil and gas producer’s stock after selling 37,540 shares during the quarter. Guggenheim Capital LLC’s holdings in Occidental Petroleum were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Northeast Financial Consultants Inc raised its holdings in shares of Occidental Petroleum by 0.4% during the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock worth $2,890,000 after purchasing an additional 242 shares during the period. Inspire Investing LLC grew its position in shares of Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after buying an additional 247 shares during the last quarter. S.A. Mason LLC raised its stake in Occidental Petroleum by 5.9% during the second quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after acquiring an additional 295 shares during the period. Moody National Bank Trust Division lifted its holdings in Occidental Petroleum by 2.0% in the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock worth $644,000 after acquiring an additional 300 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its stake in Occidental Petroleum by 3.7% in the second quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock valued at $354,000 after acquiring an additional 300 shares during the period. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the topic of a number of research reports. Mizuho increased their price target on Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. HSBC dropped their target price on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Scotiabank boosted their price target on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Melius Research started coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They issued a “hold” rating and a $64.00 price objective on the stock. Finally, Bank of America boosted their target price on shares of Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.19.

Occidental Petroleum Price Performance

Shares of OXY opened at $41.74 on Thursday. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $53.20. The stock’s fifty day moving average is $42.01 and its 200-day moving average is $43.75. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market capitalization of $41.12 billion, a price-to-earnings ratio of 30.69 and a beta of 0.39.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. Occidental Petroleum’s revenue was down 6.1% compared to the same quarter last year. Equities analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 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 2.3%. The ex-dividend date is Wednesday, December 10th. Occidental Petroleum’s dividend payout ratio (DPR) is currently 70.59%.

About Occidental Petroleum

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.