S&CO Inc. maintained its position in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,765 shares of the oil and gas producer’s stock at the end of the second quarter. S&CO Inc.’s holdings in Occidental Petroleum Corporation were worth $944,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Occidental Petroleum Corporation during the first quarter valued at about $102,000. Grove Bank & Trust raised its position in Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 622 shares during the last quarter. Parallel Advisors LLC raised its position in Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after buying an additional 264 shares during the last quarter. Mosaic Family Wealth LLC raised its position in Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock valued at $120,000 after buying an additional 72 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new position in Occidental Petroleum Corporation during the first quarter valued at about $126,000. 81.42% of the stock is owned by hedge funds and other institutional investors.
Occidental Petroleum Corporation (OXY) opened at 59.16 on Wednesday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The stock has a market cap of $45.23 billion, a price-to-earnings ratio of 416.62 and a beta of 0.65. The stock’s 50 day moving average price is $60.50 and its 200 day moving average price is $62.15.
Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The firm’s quarterly revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) EPS. Equities analysts predict that Occidental Petroleum Corporation will post $0.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 5.21%. The ex-dividend date is Friday, September 8th. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 2,338.46%.
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OXY has been the subject of several recent analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $75.00 price objective on shares of Occidental Petroleum Corporation in a research report on Tuesday. Scotiabank reaffirmed a “hold” rating and set a $68.00 price objective on shares of Occidental Petroleum Corporation in a research report on Monday, May 15th. Zacks Investment Research raised shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. BMO Capital Markets set a $65.00 price target on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Occidental Petroleum Corporation currently has an average rating of “Hold” and a consensus price target of $66.38.
In other news, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the acquisition, the director now directly owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Cedric W. Burgher purchased 1,700 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were purchased at an average price of $59.85 per share, with a total value of $101,745.00. Following the acquisition, the chief financial officer now directly owns 44,124 shares in the company, valued at $2,640,821.40. The disclosure for this purchase can be found here. Company insiders own 0.32% of the company’s stock.
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.
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