NN Investment Partners Holdings N.V. increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 8.8% during the second quarter, Holdings Channel reports. The institutional investor owned 320,605 shares of the oil and gas producer’s stock after buying an additional 25,900 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Occidental Petroleum Corporation were worth $19,195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OXY. Partnervest Advisory Services LLC boosted its position in Occidental Petroleum Corporation by 0.5% in the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 16 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in Occidental Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock worth $187,000 after buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. boosted its position in Occidental Petroleum Corporation by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 23 shares in the last quarter. Albert D Mason Inc. boosted its position in Occidental Petroleum Corporation by 0.3% in the first quarter. Albert D Mason Inc. now owns 7,688 shares of the oil and gas producer’s stock worth $487,000 after buying an additional 25 shares in the last quarter. Finally, Ronald Blue & Co. LLC boosted its position in Occidental Petroleum Corporation by 0.3% in the first quarter. Ronald Blue & Co. LLC now owns 9,955 shares of the oil and gas producer’s stock worth $631,000 after buying an additional 31 shares in the last quarter. Institutional investors own 81.55% of the company’s stock.

Shares of Occidental Petroleum Corporation (OXY) traded down 0.34% during midday trading on Friday, hitting $61.13. 2,475,317 shares of the company were exchanged. The stock has a market capitalization of $46.74 billion, a price-to-earnings ratio of 430.49 and a beta of 0.65. The company has a 50-day moving average price of $60.52 and a 200-day moving average price of $62.59. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The firm’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) EPS. On average, analysts forecast that Occidental Petroleum Corporation will post $0.64 EPS for the current 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 issued a $0.77 dividend. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 5.04%. Occidental Petroleum Corporation’s payout ratio is 2,338.46%.

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A number of equities analysts have weighed in on the stock. Scotiabank restated a “hold” rating and set a $68.00 price objective on shares of Occidental Petroleum Corporation in a research report on Monday, May 15th. BMO Capital Markets set a $65.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Thursday, May 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. Jefferies Group LLC reaffirmed a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. Finally, BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Occidental Petroleum Corporation currently has an average rating of “Hold” and a consensus price target of $66.38.

In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher purchased 1,700 shares of the stock in a transaction on Wednesday, June 7th. The stock was bought at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the acquisition, the chief financial officer now directly owns 44,124 shares of the company’s stock, valued at $2,640,821.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William R. Klesse purchased 10,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the acquisition, 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. 0.32% of the stock is owned by insiders.

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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