Tributary Capital Management LLC held its position in shares of Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, Holdings Channel reports. The fund owned 7,100 shares of the oil and gas producer’s stock at the end of the second quarter. Tributary Capital Management LLC’s holdings in Occidental Petroleum Corporation were worth $425,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in OXY. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $102,000. Parallel Advisors LLC increased 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 buying an additional 264 shares during the last quarter. Mosaic Family Wealth LLC increased 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 buying an additional 72 shares during the last quarter. FNY Partners Fund LP purchased a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $126,000. Finally, Farmers National Bank purchased a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $147,000. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded down 0.220% during midday trading on Friday, reaching $61.205. The company had a trading volume of 1,213,582 shares. The company has a 50 day moving average price of $60.49 and a 200-day moving average price of $62.64. 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 $46.80 billion, a P/E ratio of 431.021 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3 billion. During the same period in the previous year, the business earned ($0.18) EPS. Occidental Petroleum Corporation’s revenue was up 40.9% compared to the same quarter last year. On average, analysts anticipate that Occidental Petroleum Corporation will post $0.64 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 5.02%. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, September 8th. Occidental Petroleum Corporation’s payout ratio is currently 2,338.46%.

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another domain, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/08/11/tributary-capital-management-llc-continues-to-hold-stake-in-occidental-petroleum-corporation-nyseoxy.html.

Several research firms have recently commented on OXY. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 target price on shares of Occidental Petroleum Corporation in a research report on Monday, May 15th. Credit Suisse Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research report on Friday, May 19th. Zacks Investment Research downgraded Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $66.38.

In other news, Director William R. Klesse purchased 10,000 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, August 9th. The stock was purchased at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the transaction, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Cedric W. Burgher purchased 1,700 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, June 7th. The shares were purchased at an average price of $59.85 per share, with a total value of $101,745.00. Following the completion of the transaction, 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. 0.32% of the stock is currently owned by 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.

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY).

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

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.