Skba Capital Management LLC trimmed its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 12.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 358,550 shares of the oil and gas producer’s stock after selling 52,850 shares during the quarter. Occidental Petroleum Corporation accounts for 3.3% of Skba Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Skba Capital Management LLC’s holdings in Occidental Petroleum Corporation were worth $23,022,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Occidental Petroleum Corporation by 3,198.5% during the first quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock worth $3,737,692,000 after purchasing an additional 57,202,942 shares during the period. Vanguard Group Inc. raised its position in shares of Occidental Petroleum Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock worth $3,304,357,000 after purchasing an additional 1,119,588 shares during the period. State Street Corp raised its position in shares of Occidental Petroleum Corporation by 1.7% during the first quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock worth $2,511,168,000 after purchasing an additional 681,032 shares during the period. Bank of New York Mellon Corp raised its position in shares of Occidental Petroleum Corporation by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock worth $830,010,000 after purchasing an additional 247,780 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Occidental Petroleum Corporation by 1.4% during the second quarter. Franklin Resources Inc. now owns 13,570,361 shares of the oil and gas producer’s stock worth $812,457,000 after purchasing an additional 186,703 shares during the period. 80.82% of the stock is currently owned by institutional investors.

OXY has been the subject of several recent research reports. Zacks Investment Research upgraded Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Barclays PLC set a $38.00 price target on Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. BMO Capital Markets set a $60.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, October 10th. Jefferies Group LLC reiterated a “hold” rating and set a $58.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, October 6th. Finally, BidaskClub downgraded Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $66.07.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded up $1.23 during midday trading on Monday, hitting $68.40. The stock had a trading volume of 5,513,600 shares, compared to its average volume of 4,521,805. Occidental Petroleum Corporation has a 1 year low of $57.20 and a 1 year high of $73.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The stock has a market cap of $52,340.00, a PE ratio of 195.49, a PEG ratio of 14.57 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm earned ($0.15) EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. research analysts forecast that Occidental Petroleum Corporation will post 0.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.50%. Occidental Petroleum Corporation’s dividend payout ratio is presently 433.80%.

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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.

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

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