Wesbanco Bank Inc. Has $964,000 Stake in Occidental Petroleum Corporation (OXY)

Wesbanco Bank Inc. decreased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,109 shares of the oil and gas producer’s stock after selling 200 shares during the quarter. Wesbanco Bank Inc.’s holdings in Occidental Petroleum Corporation were worth $964,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Partnervest Advisory Services LLC raised its position in shares of Occidental Petroleum Corporation by 0.5% in the 1st quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 16 shares during the period. Guardian Life Insurance Co. of America raised its position in shares of Occidental Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock worth $187,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. raised its position in shares of Occidental Petroleum Corporation by 0.3% in the 1st quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 23 shares during the period. BerganKDV Wealth Management LLC raised its position in shares of Occidental Petroleum Corporation by 0.5% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after buying an additional 23 shares during the period. Finally, Glenview State Bank Trust DEPT. raised its position in shares of Occidental Petroleum Corporation by 0.4% in the 2nd quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock worth $348,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 80.85% of the company’s stock.

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In other news, Director William R. Klesse bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now directly owns 70,692 shares in the company, valued at $4,353,213.36. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is owned by insiders.

Several research analysts recently weighed in on OXY shares. BidaskClub lowered Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Jefferies Group LLC set a $58.00 target price on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Mitsubishi UFJ Financial Group started coverage on Occidental Petroleum Corporation in a research report on Monday, May 29th. They issued a “hold” rating and a $69.00 target price on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research report on Tuesday, May 23rd. Finally, Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $65.14.

Occidental Petroleum Corporation (OXY) opened at 60.41 on Tuesday. The stock has a market capitalization of $46.19 billion, a price-to-earnings ratio of 425.42 and a beta of 0.66. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $75.60. The firm has a 50-day moving average price of $60.57 and a 200 day moving average price of $61.42.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. Occidental Petroleum Corporation’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. On average, equities research analysts predict that Occidental Petroleum Corporation will post $0.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be given a dividend of $0.77 per share. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a yield of 5.10%. Occidental Petroleum Corporation’s payout ratio is currently 2,369.23%.

Occidental Petroleum Corporation Profile

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

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