Insight Advisors LLC PA Sells 262 Shares of Occidental Petroleum Corporation $OXY

Insight Advisors LLC PA lessened its stake in Occidental Petroleum Corporation (NYSE:OXY) by 4.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,133 shares of the oil and gas producer’s stock after selling 262 shares during the period. Insight Advisors LLC PA’s holdings in Occidental Petroleum were worth $216,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of OXY. Vanguard Group Inc. grew its position in shares of Occidental Petroleum by 17.8% during the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after buying an additional 12,107,285 shares during the period. H&H International Investment LLC grew its holdings in Occidental Petroleum by 1.8% during the 1st quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock worth $682,456,000 after acquiring an additional 249,100 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Occidental Petroleum by 9.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock valued at $401,162,000 after acquiring an additional 710,220 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Occidental Petroleum by 1.6% in the 1st quarter. Northern Trust Corp now owns 7,175,439 shares of the oil and gas producer’s stock valued at $354,180,000 after purchasing an additional 110,378 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Occidental Petroleum by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,432,722 shares of the oil and gas producer’s stock worth $218,799,000 after purchasing an additional 195,742 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OXY has been the subject of several recent analyst reports. Melius Research initiated coverage on shares of Occidental Petroleum in a research note on Wednesday, August 20th. They issued a “hold” rating and a $64.00 target price for the company. Bank of America upped their price objective on shares of Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Hsbc Global Res raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Wall Street Zen cut Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Evercore ISI lowered their price target on Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating for the company in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average price target of $52.26.

Occidental Petroleum Stock Up 2.8%

OXY opened at $42.91 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock’s fifty day simple moving average is $45.25 and its 200 day simple moving average is $43.39. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $53.20. The stock has a market cap of $42.25 billion, a PE ratio of 25.39 and a beta of 0.95.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. Occidental Petroleum’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 10th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Occidental Petroleum’s payout ratio is 56.80%.

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, 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.