RFG Holdings Inc. Sells 35,157 Shares of Occidental Petroleum Corporation $OXY

RFG Holdings Inc. trimmed its stake in Occidental Petroleum Corporation (NYSE:OXY) by 75.0% in the 1st quarter, HoldingsChannel reports. The firm owned 11,692 shares of the oil and gas producer’s stock after selling 35,157 shares during the period. RFG Holdings Inc.’s holdings in Occidental Petroleum were worth $760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Occidental Petroleum by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 89,900,677 shares of the oil and gas producer’s stock worth $3,696,716,000 after buying an additional 699,137 shares in the last quarter. State Street Corp lifted its position in shares of Occidental Petroleum by 2.1% during the 4th quarter. State Street Corp now owns 39,539,743 shares of the oil and gas producer’s stock valued at $1,635,263,000 after buying an additional 828,848 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Occidental Petroleum by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 18,846,231 shares of the oil and gas producer’s stock valued at $771,949,000 after acquiring an additional 167,518 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Occidental Petroleum by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock valued at $436,008,000 after acquiring an additional 1,883,721 shares during the period. Finally, Invesco Ltd. increased its holdings in Occidental Petroleum by 18.9% in the 4th quarter. Invesco Ltd. now owns 6,730,847 shares of the oil and gas producer’s stock worth $276,772,000 after acquiring an additional 1,071,948 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Down 0.1%

Shares of OXY stock opened at $51.75 on Friday. The stock has a market cap of $51.47 billion, a P/E ratio of 13.03 and a beta of 0.14. Occidental Petroleum Corporation has a 52 week low of $38.80 and a 52 week high of $67.45. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $56.94 and its two-hundred day simple moving average is $51.47.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.46. Occidental Petroleum had a return on equity of 9.65% and a net margin of 19.98%.The firm had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the business posted $0.14 earnings per share. The business’s quarterly revenue was down 8.3% compared to the same quarter last year. Analysts predict that Occidental Petroleum Corporation will post 5.79 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.04 dividend on an annualized basis and a yield of 2.0%. Occidental Petroleum’s dividend payout ratio is presently 26.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Occidental Petroleum from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday, April 9th. Roth Mkm upped their price target on shares of Occidental Petroleum from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Occidental Petroleum from $64.00 to $63.00 in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings upgraded shares of Occidental Petroleum from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average target price of $63.74.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.