West Oak Capital LLC raised its position in Occidental Petroleum Corporation (NYSE:OXY) by 2.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,733 shares of the oil and gas producer’s stock after buying an additional 353 shares during the period. West Oak Capital LLC’s holdings in Occidental Petroleum Corporation were worth $822,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of OXY. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Occidental Petroleum Corporation during the first quarter worth approximately $102,000. Mosaic Family Wealth LLC raised 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 worth $120,000 after buying an additional 72 shares during the period. Parallel Advisors LLC raised 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 worth $118,000 after buying an additional 264 shares during the period. FNY Partners Fund LP purchased a new position in Occidental Petroleum Corporation during the first quarter worth approximately $126,000. Finally, Farmers National Bank purchased a new position in Occidental Petroleum Corporation during the first quarter worth approximately $147,000. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded up 0.28% during midday trading on Wednesday, reaching $61.52. 847,396 shares of the company’s stock traded hands. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The firm has a market capitalization of $47.26 billion, a PE ratio of 424.28 and a beta of 0.65. The stock’s 50-day moving average price is $60.44 and its 200 day moving average price is $62.86.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3 billion. During the same period in the prior year, the company posted ($0.18) EPS. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. On average, equities research analysts expect that Occidental Petroleum Corporation will post $0.64 earnings per share 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 paid a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.02%. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,338.46%.

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A number of equities analysts have 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 company a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Simmons raised 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. Finally, BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $66.38.

In other Occidental Petroleum Corporation news, Director Stephen I. Chazen sold 4,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 1,460,619 shares in the company, valued at approximately $88,411,268.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cedric W. Burgher purchased 1,700 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was acquired at an average price of $59.85 per share, with a total value of $101,745.00. Following the completion of the purchase, the chief financial officer now directly owns 44,124 shares in the company, valued at $2,640,821.40. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

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

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