Orleans Capital Management Corp LA increased its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 1.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 22,594 shares of the oil and gas producer’s stock after buying an additional 300 shares during the period. Orleans Capital Management Corp LA’s holdings in Occidental Petroleum Corporation were worth $1,353,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Verition Fund Management LLC boosted its holdings in shares of Occidental Petroleum Corporation by 144.1% in the 2nd quarter. Verition Fund Management LLC now owns 12,522 shares of the oil and gas producer’s stock valued at $750,000 after buying an additional 7,393 shares during the period. Piedmont Investment Advisors LLC boosted its holdings in shares of Occidental Petroleum Corporation by 0.9% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 163,314 shares of the oil and gas producer’s stock valued at $9,778,000 after buying an additional 1,421 shares during the period. Robecosam AG boosted its holdings in shares of Occidental Petroleum Corporation by 28.2% in the 2nd quarter. Robecosam AG now owns 72,282 shares of the oil and gas producer’s stock valued at $4,322,000 after buying an additional 15,892 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Occidental Petroleum Corporation by 13,330.2% in the 2nd quarter. Sterling Capital Management LLC now owns 909,357 shares of the oil and gas producer’s stock valued at $54,443,000 after buying an additional 902,586 shares during the period. Finally, Westwood Holdings Group Inc. boosted its holdings in shares of Occidental Petroleum Corporation by 2.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 10,728 shares of the oil and gas producer’s stock valued at $642,000 after buying an additional 273 shares during the period. 80.59% of the stock is owned by institutional investors and hedge funds.

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In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, August 9th. The shares were bought at an average price of $61.58 per share, with a total value of $615,800.00. Following 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 document filed with the SEC, which is available at this link. 0.32% of the stock is owned by corporate insiders.

Several research firms have recently commented on OXY. Cowen and Company reaffirmed a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Thursday, September 28th. BMO Capital Markets set a $60.00 price target on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Tuesday. Barclays PLC lifted their price target on shares of Occidental Petroleum Corporation from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $58.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, October 6th. Finally, Bank of America Corporation lifted their price target on shares of Occidental Petroleum Corporation from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. Occidental Petroleum Corporation currently has a consensus rating of “Hold” and an average price target of $65.71.

Occidental Petroleum Corporation (OXY) traded up 0.78% during mid-day trading on Friday, hitting $64.72. 1,453,691 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $62.24 and a 200 day moving average of $61.35. The stock has a market capitalization of $49.48 billion, a P/E ratio of 455.77 and a beta of 0.67. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $75.60.

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, topping analysts’ consensus estimates of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the firm earned ($0.18) EPS. The company’s revenue was up 40.9% on a year-over-year basis. Equities analysts forecast that Occidental Petroleum Corporation will post $0.66 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,369.23%.

Occidental Petroleum Corporation Company 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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