Associated Banc Corp lifted its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 108.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,977 shares of the oil and gas producer’s stock after purchasing an additional 23,878 shares during the period. Associated Banc Corp’s holdings in Occidental Petroleum Corporation were worth $2,753,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OXY. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Occidental Petroleum Corporation during the 1st quarter worth about $102,000. Grove Bank & Trust boosted its holdings in shares of Occidental Petroleum Corporation by 54.8% during the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 622 shares during the period. Oakworth Capital Inc. boosted its holdings in shares of Occidental Petroleum Corporation by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 250 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Occidental Petroleum Corporation by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after buying an additional 264 shares during the period. Finally, Mosaic Family Wealth LLC boosted its holdings in shares of Occidental Petroleum Corporation by 4.0% during the 1st quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 72 shares during the period. Institutional investors own 80.57% of the company’s stock.

Several brokerages recently commented on OXY. Zacks Investment Research raised shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 target price on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. 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. Barclays PLC set a $38.00 target price on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $75.00 target price on shares of Occidental Petroleum Corporation in a report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $65.14.

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In other news, Director William R. Klesse acquired 10,000 shares of Occidental Petroleum Corporation stock in a transaction that occurred on 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 $4,353,213.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is currently owned by insiders.

Occidental Petroleum Corporation (NYSE OXY) opened at 62.49 on Thursday. The company’s 50-day moving average is $60.57 and its 200-day moving average is $61.24. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $75.60. The firm has a market capitalization of $47.78 billion, a PE ratio of 440.07 and a beta of 0.66.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. Occidental Petroleum Corporation’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) earnings per share. Analysts forecast that Occidental Petroleum Corporation will post $0.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 4.93%. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s payout ratio is currently 2,369.23%.

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.

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

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