Selz Capital LLC decreased its stake in Occidental Petroleum Corporation (NYSE:OXY) by 71.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the oil and gas producer’s stock after selling 50,000 shares during the period. Selz Capital LLC’s holdings in Occidental Petroleum Corporation were worth $1,197,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its stake in Occidental Petroleum Corporation by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,660 shares of the oil and gas producer’s stock valued at $1,562,000 after buying an additional 150 shares in the last quarter. Argent Capital Management LLC raised its stake in Occidental Petroleum Corporation by 2.9% in the first quarter. Argent Capital Management LLC now owns 286,222 shares of the oil and gas producer’s stock worth $18,135,000 after buying an additional 8,043 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Occidental Petroleum Corporation by 10.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 182,706 shares of the oil and gas producer’s stock worth $11,576,000 after buying an additional 17,623 shares during the last quarter. Vanguard Group Inc. raised its stake in Occidental Petroleum Corporation by 1.9% in the first quarter. Vanguard Group Inc. now owns 54,072,614 shares of the oil and gas producer’s stock worth $3,426,042,000 after buying an additional 983,992 shares during the last quarter. Finally, CWM LLC raised its stake in Occidental Petroleum Corporation by 23.7% in the second quarter. CWM LLC now owns 476,024 shares of the oil and gas producer’s stock worth $28,500,000 after buying an additional 91,342 shares during the last quarter. 81.55% of the stock is owned by institutional investors and hedge funds.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded down 0.34% during mid-day trading on Friday, hitting $61.13. The company had a trading volume of 2,475,317 shares. The firm’s 50-day moving average price is $60.52 and its 200 day moving average price is $62.59. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The company has a market capitalization of $46.74 billion, a P/E ratio of 430.49 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the 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 firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the firm posted ($0.18) EPS. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. Analysts predict 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 given a dividend of $0.77 per share. The ex-dividend date is Friday, September 8th. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 5.04%. Occidental Petroleum Corporation’s payout ratio is 2,338.46%.

TRADEMARK VIOLATION WARNING: “Selz Capital LLC Decreases Stake in Occidental Petroleum Corporation (NYSE:OXY)” was reported by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/08/12/selz-capital-llc-decreases-stake-in-occidental-petroleum-corporation-nyseoxy.html.

OXY has been the subject of a number of research analyst reports. Zacks Investment Research lowered Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Bank of America Corporation restated a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of Occidental Petroleum Corporation in a report on Thursday, May 11th. Barclays PLC restated a “sell” rating and issued a $50.00 target price (down previously from $62.00) on shares of Occidental Petroleum Corporation in a report on Thursday, April 20th. Credit Suisse Group restated a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a report on Friday, May 19th. Finally, Scotiabank restated a “hold” rating and issued a $68.00 target price on shares of Occidental Petroleum Corporation in a report on Monday, May 15th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Occidental Petroleum Corporation has an average rating of “Hold” and a consensus target price of $66.38.

In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher purchased 1,700 shares of the business’s stock in a transaction on Wednesday, June 7th. The shares were purchased at an average cost of $59.85 per share, with a total value of $101,745.00. Following the transaction, the chief financial officer now directly owns 44,124 shares of the company’s stock, valued at approximately $2,640,821.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the completion of the transaction, the director now directly owns 70,692 shares in the company, valued at $4,353,213.36. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.

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.