Sheaff Brock Investment Advisors LLC reduced its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 74.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,941 shares of the oil and gas producer’s stock after selling 17,543 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Occidental Petroleum Corporation were worth $356,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of OXY. Canada Pension Plan Investment Board raised its holdings in Occidental Petroleum Corporation by 17,871.9% during the 1st quarter. Canada Pension Plan Investment Board now owns 55,713 shares of the oil and gas producer’s stock valued at $3,530,000 after buying an additional 55,403 shares during the last quarter. Hawkins Capital L.P. raised its holdings in Occidental Petroleum Corporation by 2.3% during the 1st quarter. Hawkins Capital L.P. now owns 159,030 shares of the oil and gas producer’s stock valued at $10,075,000 after buying an additional 3,650 shares during the last quarter. OLD National Bancorp IN raised its holdings in Occidental Petroleum Corporation by 11.1% during the 1st quarter. OLD National Bancorp IN now owns 37,178 shares of the oil and gas producer’s stock valued at $2,355,000 after buying an additional 3,707 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in Occidental Petroleum Corporation by 65.0% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 100,910 shares of the oil and gas producer’s stock valued at $6,394,000 after buying an additional 39,765 shares during the last quarter. Finally, Webster Bank N. A. raised its holdings in Occidental Petroleum Corporation by 13.4% during the 1st quarter. Webster Bank N. A. now owns 18,652 shares of the oil and gas producer’s stock valued at $1,181,000 after buying an additional 2,201 shares during the last quarter. Institutional investors own 80.85% of the company’s stock.

In related news, Director William R. Klesse bought 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was purchased at an average cost 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 of the company’s stock, valued at $4,353,213.36. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by insiders.

Occidental Petroleum Corporation (OXY) opened at 61.35 on Friday. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $75.60. The company has a 50 day moving average of $60.60 and a 200 day moving average of $61.35. The company has a market capitalization of $46.91 billion, a price-to-earnings ratio of 432.04 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, beating the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The business’s revenue was up 40.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.18) earnings per share. On average, equities analysts forecast that Occidental Petroleum Corporation will post $0.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be paid a dividend of $0.77 per share. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, September 8th. Occidental Petroleum Corporation’s payout ratio is currently 2,369.23%.

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A number of research firms recently commented on OXY. Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets reiterated a “hold” rating and set a $65.00 price target on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. Jefferies Group LLC reiterated a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. Barclays PLC set a $38.00 price target on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a report on Friday, August 4th. Finally, Cowen and Company reiterated a “buy” rating and set a $75.00 price target on shares of Occidental Petroleum Corporation in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. Occidental Petroleum Corporation currently has an average rating of “Hold” and an average price target 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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