Todays Report: Today, Telos Capital Management Inc. Sold shares of Occidental Petroleum Corp. (OXY)

Today, Telos Capital Management Inc. Sold shares of Occidental Petroleum Corp. (OXY)

Telos Capital Management Inc. lowered its position in Occidental Petroleum Corp. (NYSE:OXY) by 12.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,666 shares of the company’s stock after selling 661 shares during the period. Telos Capital Management Inc.’s holdings in Occidental Petroleum Corp. were worth $340,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Reinhart Partners Inc. boosted its stake in shares of Occidental Petroleum Corp. by 0.3% in the third quarter. Reinhart Partners Inc. now owns 3,835 shares of the company’s stock worth $280,000 after buying an additional 10 shares in the last quarter. Cable Hill Partners LLC boosted its stake in shares of Occidental Petroleum Corp. by 0.5% in the second quarter. Cable Hill Partners LLC now owns 3,738 shares of the company’s stock worth $284,000 after buying an additional 18 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in shares of Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock worth $102,000 after buying an additional 19 shares in the last quarter. NEXT Financial Group Inc boosted its stake in shares of Occidental Petroleum Corp. by 0.5% in the second quarter. NEXT Financial Group Inc now owns 3,807 shares of the company’s stock valued at $287,000 after buying an additional 19 shares during the period. Finally, Clear Harbor Asset Management LLC boosted its stake in shares of Occidental Petroleum Corp. by 0.4% in the second quarter. Clear Harbor Asset Management LLC now owns 5,387 shares of the company’s stock valued at $407,000 after buying an additional 20 shares during the period. Institutional investors own 80.47% of the company’s stock.

Occidental Petroleum Corp. (NYSE:OXY) traded down 0.86% during mid-day trading on Monday, reaching $69.15. The company had a trading volume of 1,705,979 shares. The firm’s market capitalization is $52.84 billion. Occidental Petroleum Corp. has a 12-month low of $58.24 and a 12-month high of $78.48. The firm has a 50-day moving average price of $70.73 and a 200 day moving average price of $73.97.

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

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

OXY has been the subject of several recent research reports. Jefferies Group reiterated a “hold” rating on shares of Occidental Petroleum Corp. in a research note on Thursday, August 4th. Deutsche Bank AG cut Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price target for the company. in a research note on Friday, August 5th. reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note on Tuesday, August 16th. JPMorgan Chase & Co. cut Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and boosted their price target for the company from $76.11 to $78.00 in a research note on Monday, September 12th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG reiterated a “hold” rating and issued a $72.00 price target on shares of Occidental Petroleum Corp. in a research note on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $75.74.

In related news, Director William R. Klesse acquired 10,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was bought at an average cost of $64.89 per share, with a total value of $648,900.00. Following the acquisition, the director now owns 47,940 shares of the company’s stock, valued at approximately $3,110,826.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen I. Chazen sold 4,000 shares of Occidental Petroleum Corp. stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $68.31, for a total transaction of $273,240.00. Following the sale, the director now directly owns 1,585,619 shares of the company’s stock, valued at $108,313,633.89. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

About Occidental Petroleum Corp.

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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