Mn Services Vermogensbeheer B.V. cut its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 126,077 shares of the oil and gas producer’s stock after selling 1,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Occidental Petroleum Corporation were worth $8,095,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in OXY. BlackRock Inc. lifted its stake in Occidental Petroleum Corporation by 3,198.5% during the first quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock worth $3,737,692,000 after purchasing an additional 57,202,942 shares during the last quarter. Capital Research Global Investors bought a new position in Occidental Petroleum Corporation during the second quarter worth $179,610,000. Morgan Stanley lifted its stake in Occidental Petroleum Corporation by 22.1% during the first quarter. Morgan Stanley now owns 9,249,261 shares of the oil and gas producer’s stock worth $586,034,000 after purchasing an additional 1,672,384 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Occidental Petroleum Corporation by 119.6% during the second quarter. Principal Financial Group Inc. now owns 2,372,784 shares of the oil and gas producer’s stock worth $142,058,000 after purchasing an additional 1,292,162 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its stake in Occidental Petroleum Corporation by 18.0% during the second quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock worth $453,184,000 after purchasing an additional 1,152,152 shares during the last quarter. Hedge funds and other institutional investors own 80.66% of the company’s stock.
Shares of Occidental Petroleum Corporation (OXY) traded up $0.43 on Monday, hitting $68.69. The stock had a trading volume of 579,888 shares, compared to its average volume of 4,414,681. The company has a market capitalization of $52,235.65, a price-to-earnings ratio of 195.03, a price-to-earnings-growth ratio of 14.84 and a beta of 0.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.
Occidental Petroleum Corporation (NYSE:OXY) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. Occidental Petroleum Corporation’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. research analysts anticipate that Occidental Petroleum Corporation will post 0.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s payout ratio is currently 440.00%.
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Several equities analysts recently issued reports on OXY shares. Zacks Investment Research cut Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Cowen and Company set a $75.00 target price on Occidental Petroleum Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Jefferies Group LLC set a $58.00 target price on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets cut their target price on Occidental Petroleum Corporation from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $66.07.
In other news, Director William R. Klesse bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average cost of $61.58 per share, with a total value of $615,800.00. Following the completion of the acquisition, the director now directly owns 70,692 shares in the company, valued at $4,353,213.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.
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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