iA Global Asset Management Inc. Sells 143,730 Shares of Occidental Petroleum Co. (NYSE:OXY)

iA Global Asset Management Inc. decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 94.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,710 shares of the oil and gas producer’s stock after selling 143,730 shares during the quarter. iA Global Asset Management Inc.’s holdings in Occidental Petroleum were worth $449,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI boosted its holdings in Occidental Petroleum by 2.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer’s stock valued at $573,000 after acquiring an additional 175 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Occidental Petroleum by 0.6% during the second quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer’s stock worth $1,735,000 after buying an additional 176 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in Occidental Petroleum by 1.0% in the second quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer’s stock valued at $1,109,000 after buying an additional 182 shares during the period. Gateway Advisory LLC boosted its stake in Occidental Petroleum by 3.9% in the second quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer’s stock valued at $306,000 after acquiring an additional 184 shares during the last quarter. Finally, Joule Financial LLC grew its holdings in Occidental Petroleum by 2.5% during the 2nd quarter. Joule Financial LLC now owns 7,863 shares of the oil and gas producer’s stock worth $497,000 after acquiring an additional 191 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OXY has been the topic of several recent research reports. The Goldman Sachs Group assumed coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 price target on the stock. Barclays decreased their target price on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company cut their price target on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Monday. Evercore ISI lowered their target price on shares of Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating for the company in a research note on Monday, September 30th. Finally, Jefferies Financial Group lifted their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.10.

Occidental Petroleum Trading Up 2.5 %

Shares of NYSE:OXY opened at $48.74 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The company’s 50-day moving average price is $51.37 and its two-hundred day moving average price is $55.86. The stock has a market capitalization of $45.73 billion, a PE ratio of 12.69 and a beta of 1.57. Occidental Petroleum Co. has a one year low of $47.20 and a one year high of $71.18.

Occidental Petroleum Dividend Announcement

The business 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. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.88 dividend on an annualized basis and a yield of 1.81%. Occidental Petroleum’s dividend payout ratio is 22.92%.

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.