LSV Asset Management bought a new position in Occidental Petroleum Corp. (NYSE:OXY) during the second quarter, Holdings Channel reports. The fund bought 1,475 shares of the company’s stock, valued at approximately $111,000.

A number of other institutional investors have also modified their holdings of OXY. Kistler Tiffany Companies LLC boosted its position in shares of Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock worth $102,000 after buying an additional 19 shares during the last quarter. First New York Securities LLC NY acquired a new position in shares of Occidental Petroleum Corp. during the second quarter worth approximately $110,000. Oakworth Capital Inc. boosted its position in shares of Occidental Petroleum Corp. by 7.0% in the second quarter. Oakworth Capital Inc. now owns 1,521 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Occidental Petroleum Corp. by 10.7% in the second quarter. Integrated Investment Consultants LLC now owns 1,619 shares of the company’s stock worth $122,000 after buying an additional 157 shares during the last quarter. Finally, Duncker Streett & Co. Inc. boosted its position in shares of Occidental Petroleum Corp. by 8.5% in the second quarter. Duncker Streett & Co. Inc. now owns 1,657 shares of the company’s stock worth $125,000 after buying an additional 130 shares during the last quarter. Institutional investors own 80.80% of the company’s stock.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded up 1.84% on Wednesday, reaching $71.80. 4,291,463 shares of the company’s stock traded hands. The company’s market cap is $54.85 billion. The stock has a 50-day moving average price of $75.27 and a 200-day moving average price of $74.26. Occidental Petroleum Corp. has a 12-month low of $58.24 and a 12-month high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.18). Occidental Petroleum Corp. had a negative net margin of 71.82% and a negative return on equity of 2.64%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the prior year, the business earned $0.21 EPS. The firm’s quarterly revenue was down 27.0% on a year-over-year basis. Equities research analysts anticipate that Occidental Petroleum Corp. will post ($0.69) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 9th will be issued a $0.76 dividend. This is a boost from Occidental Petroleum Corp.’s previous quarterly dividend of $0.75. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, September 7th. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is currently -29.57%.

A number of brokerages recently commented on OXY. Credit Suisse Group AG reiterated a “hold” rating and issued a $72.00 target price on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. Credit Agricole SA restated a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Jefferies Group restated a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, August 4th. Barclays PLC boosted their price objective on shares of Occidental Petroleum Corp. from $60.00 to $61.00 and gave the company an “underweight” rating in a research report on Thursday, July 14th. Finally, JPMorgan Chase & Co. cut shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and boosted their price objective for the company from $76.11 to $78.00 in a research report on Monday, September 12th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. Occidental Petroleum Corp. has an average rating of “Hold” and an average price target of $75.59.

In other news, Director Stephen I. Chazen sold 9,000 shares of the firm’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $74.21, for a total value of $667,890.00. Following the sale, the director now directly owns 1,729,119 shares in the company, valued at approximately $128,317,920.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen I. Chazen sold 5,000 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $74.47, for a total transaction of $372,350.00. Following the completion of the sale, the director now owns 1,765,119 shares in the company, valued at $131,448,411.93. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Occidental Petroleum Corp. Company Profile

Occidental Petroleum Corporation 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.

5 Day Chart for NYSE:OXY

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