Morningstar Investment Services LLC reduced its position in Occidental Petroleum Corporation (NYSE:OXY) by 33.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 54,220 shares of the oil and gas producer’s stock after selling 26,699 shares during the period. Morningstar Investment Services LLC’s holdings in Occidental Petroleum Corporation were worth $3,481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in Occidental Petroleum Corporation by 1.9% during the 3rd quarter. Van ECK Associates Corp now owns 83,458 shares of the oil and gas producer’s stock valued at $5,359,000 after buying an additional 1,549 shares during the last quarter. Capital Planning Advisors LLC raised its stake in Occidental Petroleum Corporation by 35.1% during the 3rd quarter. Capital Planning Advisors LLC now owns 11,055 shares of the oil and gas producer’s stock valued at $710,000 after buying an additional 2,875 shares during the last quarter. Norinchukin Bank The raised its stake in Occidental Petroleum Corporation by 3.6% during the 3rd quarter. Norinchukin Bank The now owns 95,717 shares of the oil and gas producer’s stock valued at $6,146,000 after buying an additional 3,323 shares during the last quarter. ING Groep NV purchased a new stake in Occidental Petroleum Corporation during the 3rd quarter valued at $1,771,000. Finally, D.A. Davidson & CO. raised its stake in Occidental Petroleum Corporation by 6.9% during the 3rd quarter. D.A. Davidson & CO. now owns 198,108 shares of the oil and gas producer’s stock valued at $12,720,000 after buying an additional 12,810 shares during the last quarter. Institutional investors own 80.82% of the company’s stock.

A number of equities research analysts have weighed in on OXY shares. Jefferies Group LLC set a $64.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC set a $38.00 target price on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Cowen Inc reiterated a “buy” rating and set a $75.00 target price on shares of Occidental Petroleum Corporation in a research note on Tuesday, August 22nd. Finally, 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. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $67.27.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded up $0.30 during mid-day trading on Friday, hitting $68.54. 692,696 shares of the stock were exchanged, compared to its average volume of 4,505,259. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $73.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. The company has a market cap of $52,212.70, a P/E ratio of 194.94, a price-to-earnings-growth ratio of 14.53 and a beta of 0.63.

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

The firm also recently disclosed 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. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s payout ratio is 440.00%.

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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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