Security National Bank of Sioux City Iowa IA Has $1.10 Million Position in Occidental Petroleum Corporation (OXY)

Security National Bank of Sioux City Iowa IA decreased its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,400 shares of the oil and gas producer’s stock after selling 400 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Occidental Petroleum Corporation were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Glassman Wealth Services boosted its position in shares of Occidental Petroleum Corporation by 0.3% during the 2nd quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 8 shares in the last quarter. Partnervest Advisory Services LLC boosted its position in shares of Occidental Petroleum Corporation by 0.5% during the 1st quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after acquiring an additional 16 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of Occidental Petroleum Corporation by 0.7% during 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 acquiring an additional 20 shares in the last quarter. Concert Wealth Management Inc. boosted its position in shares of Occidental Petroleum Corporation by 0.3% during the 1st quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock worth $595,000 after acquiring an additional 23 shares in the last quarter. Finally, BerganKDV Wealth Management LLC boosted its position in shares of Occidental Petroleum Corporation by 0.5% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 80.59% of the company’s stock.

Several research firms recently issued reports on OXY. Cowen and Company reiterated a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a research report on Thursday, September 28th. Jefferies Group LLC reiterated a “hold” rating and set a $58.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday. Barclays PLC set a $38.00 price target on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a research report on Friday, August 4th. BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research lowered shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $65.50.

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Occidental Petroleum Corporation (NYSE:OXY) traded up 1.11% during trading on Tuesday, hitting $64.71. 1,510,173 shares of the stock traded hands. The stock has a market cap of $49.48 billion, a PE ratio of 455.70 and a beta of 0.67. The company has a 50-day moving average price of $61.80 and a 200-day moving average price of $61.29. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $75.60.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the company earned ($0.18) EPS. The business’s quarterly revenue was up 40.9% compared to the same quarter last year. Equities research analysts expect that Occidental Petroleum Corporation will post $0.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.81%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is 2,369.23%.

In other Occidental Petroleum Corporation news, Director William R. Klesse acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $61.58 per share, with a total value of $615,800.00. Following the purchase, the director now owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently 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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