Threadgill Financial LLC Sells 20,165 Shares of Occidental Petroleum Co. (NYSE:OXY)

Threadgill Financial LLC cut its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 78.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,595 shares of the oil and gas producer’s stock after selling 20,165 shares during the period. Threadgill Financial LLC’s holdings in Occidental Petroleum were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sterling Investment Management LLC grew its stake in Occidental Petroleum by 94.3% during the 4th quarter. Sterling Investment Management LLC now owns 70,553 shares of the oil and gas producer’s stock worth $4,213,000 after buying an additional 34,248 shares during the last quarter. S.A. Mason LLC boosted its stake in shares of Occidental Petroleum by 16.9% in the fourth quarter. S.A. Mason LLC now owns 2,771 shares of the oil and gas producer’s stock worth $165,000 after buying an additional 400 shares during the last quarter. Highland Capital Management LLC boosted its stake in shares of Occidental Petroleum by 0.7% in the fourth quarter. Highland Capital Management LLC now owns 37,011 shares of the oil and gas producer’s stock worth $2,210,000 after buying an additional 270 shares during the last quarter. PFG Investments LLC boosted its stake in shares of Occidental Petroleum by 14.0% in the fourth quarter. PFG Investments LLC now owns 7,323 shares of the oil and gas producer’s stock worth $437,000 after buying an additional 900 shares during the last quarter. Finally, Jamison Private Wealth Management Inc. boosted its stake in shares of Occidental Petroleum by 51.4% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,002 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 680 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Morgan Stanley upgraded Occidental Petroleum from an “equal weight” rating to an “overweight” rating and set a $68.00 target price on the stock in a research note on Monday, December 11th. Truist Financial reduced their price target on Occidental Petroleum from $80.00 to $77.00 and set a “buy” rating for the company in a report on Friday, February 16th. Raymond James reduced their target price on Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. Mizuho increased their target price on Occidental Petroleum from $63.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company increased their target price on Occidental Petroleum from $59.00 to $62.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Eight analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.94.

Occidental Petroleum Stock Up 1.4 %

Occidental Petroleum stock opened at $64.21 on Thursday. The company has a market capitalization of $56.92 billion, a P/E ratio of 16.42 and a beta of 1.63. Occidental Petroleum Co. has a fifty-two week low of $55.12 and a fifty-two week high of $67.67. The stock has a 50-day simple moving average of $59.84 and a 200-day simple moving average of $60.79. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.69 and a current ratio of 0.92.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The company had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The firm’s quarterly revenue was down 9.6% on a year-over-year basis. Equities research analysts expect that Occidental Petroleum Co. will post 3.56 earnings per share for the current year.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 8th will be given a dividend of $0.22 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, March 7th. This represents a $0.88 annualized dividend and a yield of 1.37%. Occidental Petroleum’s payout ratio is presently 22.51%.

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.