Financial Counselors Inc. grew its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,996 shares of the oil and gas producer’s stock after purchasing an additional 311 shares during the quarter. Financial Counselors Inc.’s holdings in Occidental Petroleum Corporation were worth $718,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Occidental Petroleum Corporation in the first quarter valued at about $102,000. Grove Bank & Trust lifted 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 purchasing an additional 622 shares during the period. Mosaic Family Wealth LLC lifted 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 purchasing an additional 72 shares during the period. Oakworth Capital Inc. lifted its position in Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 250 shares during the period. Finally, Parallel Advisors LLC lifted 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 purchasing an additional 264 shares during the period. 80.57% of the stock is currently owned by institutional investors.
In related news, Director William R. Klesse acquired 10,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the transaction, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.
A number of equities research analysts recently commented on the stock. Jefferies Group LLC set a $64.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Saturday, July 29th. Barclays PLC set a $38.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research raised shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Mitsubishi UFJ Financial Group assumed coverage on shares of Occidental Petroleum Corporation in a research note on Monday, May 29th. They issued a “hold” rating and a $69.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Occidental Petroleum Corporation has a consensus rating of “Hold” and a consensus price target of $65.14.
Occidental Petroleum Corporation (NYSE OXY) opened at 61.80 on Tuesday. 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 of $60.57 and a 200 day moving average of $61.26. The company has a market cap of $47.25 billion, a PE ratio of 435.21 and a beta of 0.66.
Occidental Petroleum Corporation (NYSE:OXY) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business 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%. The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS. Equities research analysts expect that Occidental Petroleum Corporation will post $0.68 earnings per share for the current fiscal year.
The company also recently announced 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. The ex-dividend date is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.98%. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is 2,369.23%.
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.
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