Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC cut its stake in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 6.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 607,186 shares of the oil and gas producer's stock after selling 38,785 shares during the period. Fisher Asset Management LLC owned approximately 0.07% of Occidental Petroleum worth $31,294,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI lifted its stake in shares of Occidental Petroleum by 2.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer's stock valued at $573,000 after purchasing an additional 175 shares in the last quarter. Atria Wealth Solutions Inc. lifted its position in Occidental Petroleum by 0.6% during the second quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer's stock valued at $1,735,000 after buying an additional 176 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of Occidental Petroleum by 1.0% in the second quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer's stock worth $1,109,000 after acquiring an additional 182 shares in the last quarter. Gateway Advisory LLC raised its stake in shares of Occidental Petroleum by 3.9% in the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock valued at $306,000 after acquiring an additional 184 shares during the period. Finally, Joule Financial LLC lifted its holdings in shares of Occidental Petroleum by 2.5% during the 2nd quarter. Joule Financial LLC now owns 7,863 shares of the oil and gas producer's stock valued at $497,000 after acquiring an additional 191 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on OXY. Wells Fargo & Company cut their price objective on Occidental Petroleum from $65.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Friday, September 27th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $56.00 price target on shares of Occidental Petroleum in a research report on Friday, November 8th. Truist Financial lowered their price objective on shares of Occidental Petroleum from $65.00 to $56.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Wolfe Research upped their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Citigroup cut their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Occidental Petroleum has an average rating of "Hold" and a consensus target price of $63.25.

Occidental Petroleum Stock Performance

OXY stock traded up $0.68 during midday trading on Wednesday, reaching $50.53. The company had a trading volume of 4,494,711 shares, compared to its average volume of 9,372,025. The company has a quick ratio of 0.76, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. The stock has a 50 day moving average price of $51.72 and a 200 day moving average price of $56.72. The firm has a market capitalization of $47.41 billion, a PE ratio of 13.15 and a beta of 1.58. Occidental Petroleum Co. has a fifty-two week low of $48.42 and a fifty-two week high of $71.18.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum's dividend payout ratio is presently 22.92%.

Occidental Petroleum 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.