Citizens Financial Group Inc. RI Has $206,000 Holdings in Occidental Petroleum Co. (NYSE:OXY)

Citizens Financial Group Inc. RI decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 20.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,979 shares of the oil and gas producer’s stock after selling 1,050 shares during the period. Citizens Financial Group Inc. RI’s holdings in Occidental Petroleum were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of OXY. Fortitude Family Office LLC boosted its stake in Occidental Petroleum by 160.0% during the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares during the period. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $32,000. New Covenant Trust Company N.A. acquired a new stake in shares of Occidental Petroleum in the first quarter worth $44,000. LRI Investments LLC bought a new position in Occidental Petroleum during the first quarter worth $44,000. Finally, Exchange Traded Concepts LLC acquired a new position in Occidental Petroleum during the 3rd quarter valued at $87,000. 88.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on OXY. Stephens boosted their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. TD Cowen cut their price target on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Bank of America assumed coverage on Occidental Petroleum in a research report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price objective for the company. UBS Group cut their target price on Occidental Petroleum from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, Wolfe Research lifted their price target on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $63.70.

Occidental Petroleum Stock Performance

NYSE OXY opened at $51.93 on Friday. The firm has a market cap of $48.73 billion, a price-to-earnings ratio of 13.52 and a beta of 1.58. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 1-year low of $48.42 and a 1-year high of $71.18. The company has a 50 day moving average of $51.79 and a 200-day moving average of $56.96.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 annualized dividend and a yield of 1.69%. Occidental Petroleum’s payout ratio is 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.