Court Place Advisors LLC maintained its stake in Occidental Petroleum Corp. (NYSE:OXY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,458 shares of the company’s stock at the end of the second quarter. Court Place Advisors LLC’s holdings in Occidental Petroleum Corp. were worth $337,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ruffer LLP increased its stake in Occidental Petroleum Corp. by 36.4% in the first quarter. Ruffer LLP now owns 30,000 shares of the company’s stock worth $2,053,000 after buying an additional 8,000 shares during the period. Private Trust Co. NA boosted its position in shares of Occidental Petroleum Corp. by 13.0% in the first quarter. Private Trust Co. NA now owns 7,076 shares of the company’s stock valued at $483,000 after buying an additional 813 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Occidental Petroleum Corp. by 39.5% in the first quarter. Sigma Planning Corp now owns 5,979 shares of the company’s stock valued at $409,000 after buying an additional 1,693 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Occidental Petroleum Corp. by 4.5% in the first quarter. Fisher Asset Management LLC now owns 8,063 shares of the company’s stock valued at $582,000 after buying an additional 347 shares in the last quarter. Finally, BLB&B Advisors LLC boosted its position in shares of Occidental Petroleum Corp. by 5.1% in the first quarter. BLB&B Advisors LLC now owns 27,412 shares of the company’s stock valued at $1,876,000 after buying an additional 1,330 shares in the last quarter. 80.80% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Corp. (NYSE:OXY) traded up 1.84% during mid-day trading on Wednesday, hitting $71.80. 4,294,496 shares of the stock were exchanged. The stock’s market cap is $54.85 billion. Occidental Petroleum Corp. has a 52-week low of $58.24 and a 52-week high of $78.48. The stock’s 50 day moving average is $75.23 and its 200 day moving average is $74.25.

Occidental Petroleum Corp. (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.18) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.18). The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.73 billion. Occidental Petroleum Corp. had a negative net margin of 71.82% and a negative return on equity of 2.64%. The firm’s revenue was down 27.0% on a year-over-year basis. During the same quarter last year, the business earned $0.21 earnings per share. Analysts forecast that Occidental Petroleum Corp. will post ($0.69) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 9th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 4.23%. The ex-dividend date is Wednesday, September 7th. This is a positive change from Occidental Petroleum Corp.’s previous quarterly dividend of $0.75. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is currently -29.57%.

Several research analysts have recently weighed in on OXY shares. Credit Agricole SA reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research note on Tuesday, August 16th. JPMorgan Chase & Co. cut shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $76.11 to $78.00 in a research note on Monday, September 12th. They noted that the move was a valuation call. Barclays PLC lifted their price target on shares of Occidental Petroleum Corp. from $60.00 to $61.00 and gave the stock an “underweight” rating in a research note on Thursday, July 14th. Raymond James Financial Inc. cut shares of Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 price target on the stock. in a research note on Thursday, July 7th. Finally, Jefferies Group reiterated a “hold” rating on shares of Occidental Petroleum Corp. in a research note on Thursday, September 8th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Occidental Petroleum Corp. presently has a consensus rating of “Hold” and a consensus price target of $75.59.

In related news, Director Stephen I. Chazen sold 5,000 shares of the firm’s stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $74.47, for a total transaction of $372,350.00. Following the sale, the director now owns 1,765,119 shares in the company, valued at $131,448,411.93. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen I. Chazen sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $73.05, for a total transaction of $657,450.00. Following the sale, the director now owns 1,664,119 shares in the company, valued at approximately $121,563,892.95. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

About Occidental Petroleum Corp.

Occidental Petroleum Corporation 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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