Fifth Third Wealth Advisors LLC Has $267,000 Holdings in Occidental Petroleum Corporation $OXY

Fifth Third Wealth Advisors LLC lowered its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 5.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,344 shares of the oil and gas producer’s stock after selling 347 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Occidental Petroleum were worth $267,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OXY. Northeast Financial Consultants Inc increased its stake in Occidental Petroleum by 0.4% in the 1st quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock valued at $2,890,000 after buying an additional 242 shares during the period. Inspire Investing LLC grew its stake in Occidental Petroleum by 3.8% in the second quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after purchasing an additional 247 shares in the last quarter. S.A. Mason LLC raised its stake in shares of Occidental Petroleum by 5.9% during the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after purchasing an additional 295 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Occidental Petroleum by 2.0% in the 2nd quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock valued at $644,000 after buying an additional 300 shares in the last quarter. Finally, Freestone Capital Holdings LLC lifted its stake in Occidental Petroleum by 4.2% in the first quarter. Freestone Capital Holdings LLC now owns 7,521 shares of the oil and gas producer’s stock valued at $371,000 after acquiring an additional 304 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on OXY. Hsbc Global Res upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Melius began coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They set a “hold” rating and a $64.00 price objective for the company. Scotiabank upped their price objective on shares of Occidental Petroleum from $45.00 to $47.00 and gave the stock a “sector perform” rating in a report on Thursday, October 9th. Roth Capital upped their price objective on shares of Occidental Petroleum from $45.00 to $46.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Finally, Piper Sandler upped their price objective on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $52.52.

Occidental Petroleum Trading Up 0.8%

OXY opened at $42.47 on Tuesday. The stock has a market capitalization of $41.81 billion, a PE ratio of 25.13 and a beta of 0.95. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. Occidental Petroleum Corporation has a 1-year low of $34.78 and a 1-year high of $54.40. The firm has a 50-day moving average price of $45.61 and a two-hundred day moving average price of $43.57.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 EPS. As a group, equities analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 56.80%.

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.