New York State Common Retirement Fund lifted its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,250,100 shares of the oil and gas producer’s stock after purchasing an additional 58,299 shares during the quarter. New York State Common Retirement Fund owned about 0.29% of Occidental Petroleum Corporation worth $134,713,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its position in shares of Occidental Petroleum Corporation by 0.6% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 24,660 shares of the oil and gas producer’s stock worth $1,562,000 after buying an additional 150 shares in the last quarter. BP PLC purchased a new stake in shares of Occidental Petroleum Corporation in the 2nd quarter worth about $5,210,000. Argent Capital Management LLC boosted its position in shares of Occidental Petroleum Corporation by 2.9% in the 1st quarter. Argent Capital Management LLC now owns 286,222 shares of the oil and gas producer’s stock worth $18,135,000 after buying an additional 8,043 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Occidental Petroleum Corporation by 18.0% in the 2nd quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock worth $453,184,000 after buying an additional 1,152,152 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Occidental Petroleum Corporation by 10.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 182,706 shares of the oil and gas producer’s stock worth $11,576,000 after buying an additional 17,623 shares in the last quarter. 80.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently commented on OXY shares. Barclays PLC set a $38.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Citigroup Inc. lowered shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $66.00 to $58.00 in a research report on Friday, July 21st. BidaskClub lowered shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, BMO Capital Markets decreased their price objective on shares of Occidental Petroleum Corporation from $60.00 to $55.00 and set a “market perform” rating on the stock in a research report on Friday, July 14th. Three 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 presently has an average rating of “Hold” and an average price target of $65.14.

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In other Occidental Petroleum Corporation news, Director William R. Klesse acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was purchased at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the transaction, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Occidental Petroleum Corporation (NYSE:OXY) opened at 62.94 on Friday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $75.60. The stock’s 50 day moving average is $60.57 and its 200 day moving average is $61.24. The stock has a market capitalization of $48.12 billion, a price-to-earnings ratio of 443.24 and a beta of 0.66.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings data 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 analyst estimates of $3 billion. During the same period last year, the company posted ($0.18) EPS. The business’s quarterly revenue was up 40.9% compared to the same quarter last year. On average, equities analysts forecast that Occidental Petroleum Corporation will post $0.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, September 8th. 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 yield of 4.89%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,369.23%.

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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