Thrivent Financial for Lutherans Reduces Holdings in Occidental Petroleum Co. (NYSE:OXY)

Thrivent Financial for Lutherans lowered its position in Occidental Petroleum Co. (NYSE:OXY) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,712 shares of the oil and gas producer’s stock after selling 381 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Occidental Petroleum were worth $2,924,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OXY. Stephens Inc. AR increased its stake in shares of Occidental Petroleum by 221.0% in the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock worth $777,000 after purchasing an additional 10,382 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Occidental Petroleum by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,482,049 shares of the oil and gas producer’s stock worth $76,385,000 after buying an additional 22,920 shares during the period. Czech National Bank boosted its holdings in Occidental Petroleum by 8.3% in the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after buying an additional 10,456 shares during the period. Discovery Capital Management LLC CT bought a new stake in Occidental Petroleum during the 2nd quarter valued at $10,331,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Occidental Petroleum by 15.2% during the third quarter. Janney Montgomery Scott LLC now owns 221,970 shares of the oil and gas producer’s stock worth $11,440,000 after acquiring an additional 29,344 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OXY has been the subject of several recent research reports. Scotiabank reduced their price target on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, November 12th. TD Cowen decreased their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. UBS Group cut their price target on shares of Occidental Petroleum from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Finally, The Goldman Sachs Group started coverage on shares of Occidental Petroleum in a report on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.25.

Occidental Petroleum Trading Down 1.2 %

OXY stock opened at $49.81 on Wednesday. The company has a market capitalization of $46.74 billion, a PE ratio of 12.97 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum Co. has a one year low of $48.42 and a one year high of $71.18. The company’s 50 day moving average price is $51.72 and its two-hundred day moving average price is $56.72.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.77%. 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.