First National Trust Co Sells 832 Shares of Occidental Petroleum Co. (NYSE:OXY)

First National Trust Co cut its stake in Occidental Petroleum Co. (NYSE:OXY) by 11.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,358 shares of the oil and gas producer’s stock after selling 832 shares during the quarter. First National Trust Co’s holdings in Occidental Petroleum were worth $380,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Occidental Petroleum in the 3rd quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $27,000. TLW Wealth Management LLC purchased a new position in shares of Occidental Petroleum in the 4th quarter worth approximately $28,000. Grove Bank & Trust grew its holdings in shares of Occidental Petroleum by 86.0% in the fourth quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer’s stock valued at $31,000 after acquiring an additional 240 shares in the last quarter. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter valued at approximately $34,000. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $65.19 on Monday. The company has a 50 day moving average of $64.80 and a 200 day moving average of $61.35. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.84. The stock has a market cap of $57.79 billion, a P/E ratio of 16.47 and a beta of 1.64. Occidental Petroleum Co. has a 12 month low of $55.12 and a 12 month high of $71.18.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $7.53 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Occidental Petroleum had a net margin of 16.24% and a return on equity of 20.63%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. As a group, sell-side analysts forecast that Occidental Petroleum Co. will post 3.81 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.88 dividend on an annualized basis and a yield of 1.35%. Occidental Petroleum’s dividend payout ratio is presently 22.51%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays began coverage on Occidental Petroleum in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $73.00 price objective for the company. StockNews.com upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Raymond James dropped their target price on shares of Occidental Petroleum from $70.00 to $68.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, January 24th. HSBC started coverage on shares of Occidental Petroleum in a research note on Monday, April 8th. They set a “hold” rating and a $65.00 price target for the company. Finally, Mizuho upped their price objective on Occidental Petroleum from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.94.

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.