Today, Crestwood Advisors LLC decides to keep it stake in Occidental Petroleum Corp. (OXY) to the level of $246,000

Today, Crestwood Advisors LLC decides to keep it stake in Occidental Petroleum Corp. (OXY) to the level of $246,000

Crestwood Advisors LLC lowered its stake in Occidental Petroleum Corp. (NYSE:OXY) by 34.3% during the third quarter, Holdings Channel reports. The fund owned 3,372 shares of the company’s stock after selling 1,760 shares during the period. Crestwood Advisors LLC’s holdings in Occidental Petroleum Corp. were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of OXY. Kistler Tiffany Companies LLC increased its position in Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock valued at $102,000 after buying an additional 19 shares during the last quarter. First New York Securities LLC NY acquired a new position in Occidental Petroleum Corp. during the second quarter valued at approximately $110,000. LSV Asset Management acquired a new position in Occidental Petroleum Corp. during the second quarter valued at approximately $111,000. Oakworth Capital Inc. increased its position in Occidental Petroleum Corp. by 7.0% in the second quarter. Oakworth Capital Inc. now owns 1,521 shares of the company’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. Finally, Financial Architects Inc increased its position in Occidental Petroleum Corp. by 47.5% in the third quarter. Financial Architects Inc now owns 1,524 shares of the company’s stock valued at $112,000 after buying an additional 491 shares during the last quarter. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded down 0.14% on Friday, reaching $69.75. 1,319,206 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $70.88 and its 200 day moving average price is $74.01. The company’s market cap is $53.30 billion. Occidental Petroleum Corp. has a 12 month low of $58.24 and a 12 month high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last released its quarterly earnings data on Tuesday, November 1st. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.04. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.69 billion. Occidental Petroleum Corp. had a negative return on equity of 3.43% and a negative net margin of 52.62%. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities research analysts predict that Occidental Petroleum Corp. will post ($0.86) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $3.04 annualized dividend and a dividend yield of 4.36%. Occidental Petroleum Corp.’s dividend payout ratio is presently -42.34%.

Several research firms have commented on OXY. Jefferies Group reissued a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, August 4th. Deutsche Bank AG cut shares of Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price target for the company. in a report on Friday, August 5th. Credit Suisse Group AG restated a “hold” rating and set a $72.00 price target on shares of Occidental Petroleum Corp. in a report on Monday, September 12th. Mizuho assumed coverage on shares of Occidental Petroleum Corp. in a report on Wednesday, October 5th. They set a “buy” rating and a $83.00 price target for the company. Finally, JPMorgan Chase & Co. cut shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and upped their price target for the company from $76.11 to $78.00 in a report on Monday, September 12th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $75.74.

In other news, Director Stephen I. Chazen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.12, for a total transaction of $138,240.00. Following the transaction, the director now directly owns 1,581,619 shares in the company, valued at approximately $109,321,505.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen I. Chazen sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $77.64, for a total transaction of $698,760.00. Following the transaction, the director now owns 1,673,119 shares in the company, valued at $129,900,959.16. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Occidental Petroleum Corp. Company Profile

Occidental Petroleum Corporation 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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