YHB Investment Advisors Inc. Has $2.30 Million Position in Occidental Petroleum Corporation (OXY)

YHB Investment Advisors Inc. reduced its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,874 shares of the oil and gas producer’s stock after selling 1,720 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Occidental Petroleum Corporation were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Boston Financial Mangement LLC increased its stake in Occidental Petroleum Corporation by 8.8% during the first quarter. Boston Financial Mangement LLC now owns 4,455 shares of the oil and gas producer’s stock worth $282,000 after acquiring an additional 360 shares during the last quarter. KDI Capital Partners LLC acquired a new stake in Occidental Petroleum Corporation during the first quarter worth about $5,419,000. Partnervest Advisory Services LLC increased its stake in Occidental Petroleum Corporation by 0.5% during the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after acquiring an additional 16 shares during the last quarter. Global Financial Private Capital LLC acquired a new stake in Occidental Petroleum Corporation during the first quarter worth about $14,993,000. Finally, Stephens Inc. AR increased its stake in Occidental Petroleum Corporation by 106.4% during the first quarter. Stephens Inc. AR now owns 94,731 shares of the oil and gas producer’s stock worth $6,002,000 after acquiring an additional 48,831 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.

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OXY has been the subject of several research analyst reports. Morgan Stanley upped their price target on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. Jefferies Group LLC set a $58.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BidaskClub lowered Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. BMO Capital Markets set a $60.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research note on Tuesday, October 10th. Finally, Barclays PLC upped their price target on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.07.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded down $0.53 on Friday, reaching $68.17. The company had a trading volume of 3,493,900 shares, compared to its average volume of 4,574,908. The stock has a market capitalization of $52,166.75, a P/E ratio of 194.77, a P/E/G ratio of 13.71 and a beta of 0.63. Occidental Petroleum Corporation has a 1 year low of $57.20 and a 1 year high of $73.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. Occidental Petroleum Corporation’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.15) earnings per share. sell-side analysts anticipate that Occidental Petroleum Corporation will post 0.77 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio is currently 440.00%.

About Occidental Petroleum Corporation

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Institutional Ownership by Quarter for Occidental Petroleum Corporation (NYSE:OXY)

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