Whalerock Point Partners LLC cut its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 4.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,600 shares of the oil and gas producer’s stock after selling 150 shares during the quarter. Whalerock Point Partners LLC’s holdings in Occidental Petroleum Corporation were worth $216,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Partnervest Advisory Services LLC lifted its holdings in shares of Occidental Petroleum Corporation by 0.5% during the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock valued at $209,000 after acquiring an additional 16 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in shares of Occidental Petroleum Corporation by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock valued at $187,000 after acquiring an additional 20 shares during the period. Concert Wealth Management Inc. lifted its holdings in shares of Occidental Petroleum Corporation by 0.3% during the first quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock valued at $595,000 after acquiring an additional 23 shares during the period. BerganKDV Wealth Management LLC lifted its holdings in shares of Occidental Petroleum Corporation by 0.5% during the second quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock valued at $296,000 after acquiring an additional 23 shares during the period. Finally, Glenview State Bank Trust DEPT. lifted its holdings in shares of Occidental Petroleum Corporation by 0.4% during the second quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock valued at $348,000 after acquiring an additional 24 shares during the period. 80.85% of the stock is owned by institutional investors.

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Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 60.24 on Monday. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $77.30. The company has a 50-day moving average price of $60.56 and a 200-day moving average price of $61.52. The firm has a market capitalization of $46.06 billion, a price-to-earnings ratio of 424.23 and a beta of 0.66.

Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. The business 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 business’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.18) EPS. Equities analysts forecast that Occidental Petroleum Corporation will post $0.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be paid 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 dividend yield of 5.11%. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,369.23%.

In related news, Director William R. Klesse purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the purchase, the director now owns 70,692 shares in the company, valued at approximately $4,353,213.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

OXY has been the subject of a number of research reports. Zacks Investment Research lowered Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Scotiabank restated a “hold” rating and issued a $68.00 target price on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Jefferies Group LLC restated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum Corporation in a research note on Friday, June 23rd. BidaskClub upgraded Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $65.00 target price on shares of Occidental Petroleum Corporation in a research note on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.14.

Occidental Petroleum Corporation 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.

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

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