Citizens Financial Group Inc RI Sells 35 Shares of Occidental Petroleum Corporation (OXY)

Citizens Financial Group Inc RI decreased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,047 shares of the oil and gas producer’s stock after selling 35 shares during the quarter. Citizens Financial Group Inc RI’s holdings in Occidental Petroleum Corporation were worth $302,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. lifted its position in Occidental Petroleum Corporation by 3,198.5% in the 1st quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock valued at $3,737,692,000 after acquiring an additional 57,202,942 shares in the last quarter. Vanguard Group Inc. lifted its position in Occidental Petroleum Corporation by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 54,072,614 shares of the oil and gas producer’s stock valued at $3,426,042,000 after acquiring an additional 983,992 shares in the last quarter. State Street Corp lifted its position in Occidental Petroleum Corporation by 1.7% in the 1st quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock valued at $2,511,168,000 after acquiring an additional 681,032 shares in the last quarter. Wellington Management Group LLP lifted its position in Occidental Petroleum Corporation by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 13,952,937 shares of the oil and gas producer’s stock valued at $884,058,000 after acquiring an additional 105,546 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Occidental Petroleum Corporation by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock valued at $830,010,000 after acquiring an additional 247,780 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 61.86 on Wednesday. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $75.60. The stock’s 50 day moving average is $60.57 and its 200 day moving average is $61.24. The stock has a market cap of $47.30 billion, a price-to-earnings ratio of 435.63 and a beta of 0.66.

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, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The business’s revenue was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. On average, equities analysts forecast that Occidental Petroleum Corporation will post $0.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be given a dividend of $0.77 per share. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.98%. Occidental Petroleum Corporation’s dividend payout ratio is 2,369.23%.

Several equities analysts recently weighed in on OXY shares. Zacks Investment Research cut shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Cowen and Company set a $75.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $58.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets dropped their target price on shares of Occidental Petroleum Corporation from $60.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. Occidental Petroleum Corporation has an average rating of “Hold” and an average target price of $65.14.

In related news, Director William R. Klesse acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

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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