Arizona State Retirement System Has $14.09 Million Position in Occidental Petroleum Corporation (NYSE:OXY)

Arizona State Retirement System increased its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,336 shares of the oil and gas producer’s stock after buying an additional 400 shares during the period. Arizona State Retirement System’s holdings in Occidental Petroleum Corporation were worth $14,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Employees Retirement System of Texas increased its position in shares of Occidental Petroleum Corporation by 3.3% in the fourth quarter. Employees Retirement System of Texas now owns 285,700 shares of the oil and gas producer’s stock worth $20,350,000 after buying an additional 9,000 shares during the last quarter. Bank of Nova Scotia Trust Co. increased its position in shares of Occidental Petroleum Corporation by 1.3% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 4,389 shares of the oil and gas producer’s stock worth $313,000 after buying an additional 55 shares during the last quarter. Mayo Investment Advisers LLC increased its position in shares of Occidental Petroleum Corporation by 134.1% in the fourth quarter. Mayo Investment Advisers LLC now owns 78,550 shares of the oil and gas producer’s stock worth $5,595,000 after buying an additional 45,000 shares during the last quarter. Cpcm LLC bought a new position in shares of Occidental Petroleum Corporation during the fourth quarter worth about $426,000. Finally, Parallel Advisors LLC bought a new position in shares of Occidental Petroleum Corporation during the fourth quarter worth about $121,000. 81.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded up 0.95% during trading on Friday, reaching $62.73. 3,984,814 shares of the company were exchanged. The firm’s market capitalization is $47.96 billion. Occidental Petroleum Corporation has a 1-year low of $57.20 and a 1-year high of $78.48. The firm’s 50 day moving average is $60.27 and its 200 day moving average is $63.08.

Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results on Thursday, May 4th. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. Occidental Petroleum Corporation had a negative return on equity of 1.04% and a negative net margin of 4.82%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.96 billion. During the same quarter in the previous year, the firm earned ($0.47) earnings per share. The firm’s quarterly revenue was up 30.6% compared to the same quarter last year. On average, equities analysts anticipate that Occidental Petroleum Corporation will post $0.59 EPS for the current fiscal year.

The firm 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 $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently -428.17%.

ILLEGAL ACTIVITY WARNING: “Arizona State Retirement System Has $14.09 Million Position in Occidental Petroleum Corporation (NYSE:OXY)” was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this report on another publication, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this report can be read at https://www.chaffeybreeze.com/2017/07/29/occidental-petroleum-corporation-nyseoxy-position-raised-by-arizona-state-retirement-system-updated-updated-updated.html.

OXY has been the topic of a number of research analyst reports. Jefferies Group LLC reissued a “hold” rating and set a $73.00 price objective on shares of Occidental Petroleum Corporation in a research report on Friday, March 31st. Simmons boosted their price objective on shares of Occidental Petroleum Corporation from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Barclays PLC restated a “sell” rating and set a $50.00 target price (down previously from $62.00) on shares of Occidental Petroleum Corporation in a report on Thursday, April 20th. Scotiabank restated a “hold” rating and set a $68.00 target price on shares of Occidental Petroleum Corporation in a report on Friday, May 5th. Finally, BMO Capital Markets set a $65.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $68.51.

In other Occidental Petroleum Corporation news, Director Stephen I. Chazen sold 4,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the sale, the director now owns 1,460,619 shares of the company’s stock, valued at $88,411,268.07. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Cedric W. Burgher purchased 1,700 shares of the stock in a transaction on Wednesday, June 7th. The stock was acquired at an average cost of $59.85 per share, with a total value of $101,745.00. Following the acquisition, the chief financial officer now owns 44,124 shares of the company’s stock, valued at approximately $2,640,821.40. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by company insiders.

Occidental Petroleum Corporation Company 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.

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

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply