Manchester Capital Management LLC lowered its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 69.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,903 shares of the oil and gas producer’s stock after selling 6,500 shares during the period. Manchester Capital Management LLC’s holdings in Occidental Petroleum Corporation were worth $174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of OXY. Canada Pension Plan Investment Board lifted its stake 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 acquiring an additional 55,403 shares during the period. Hawkins Capital L.P. lifted its stake 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 acquiring an additional 3,650 shares during the period. OLD National Bancorp IN lifted its stake 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 acquiring an additional 3,707 shares during the period. Commerzbank Aktiengesellschaft FI lifted its stake 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 acquiring an additional 39,765 shares during the period. Finally, Webster Bank N. A. lifted its stake 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 acquiring an additional 2,201 shares during the period. Institutional investors and hedge funds own 80.85% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 61.35 on Friday. The stock has a market capitalization of $46.91 billion, a price-to-earnings ratio of 432.04 and a beta of 0.66. The company has a 50-day moving average of $60.60 and a 200 day moving average of $61.35. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $75.60.

Occidental Petroleum Corporation (NYSE:OXY) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The company’s revenue was up 40.9% compared to the same quarter last year. Analysts predict that Occidental Petroleum Corporation will post $0.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be given a dividend of $0.77 per share. 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 5.02%. The ex-dividend date of this dividend is Friday, September 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 2,369.23%.

In related news, Director William R. Klesse purchased 10,000 shares of Occidental Petroleum Corporation stock in a transaction that occurred on Wednesday, August 9th. The stock was bought 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 owns 70,692 shares in the company, valued at $4,353,213.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by company insiders.

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Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC set a $58.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $55.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. BidaskClub cut shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, Cowen and Company restated a “buy” rating and set a $75.00 target price on shares of Occidental Petroleum Corporation in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus 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.

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

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