Archford Capital Strategies LLC Buys 19 Shares of Occidental Petroleum Corporation (OXY)
Archford Capital Strategies LLC boosted its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,894 shares of the oil and gas producer’s stock after purchasing an additional 19 shares during the quarter. Archford Capital Strategies LLC’s holdings in Occidental Petroleum Corporation were worth $495,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Grove Bank & Trust boosted its position in shares of Occidental Petroleum Corporation by 54.8% during the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 622 shares in the last quarter. Oakworth Capital Inc. boosted its position in shares of Occidental Petroleum Corporation by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 250 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Occidental Petroleum Corporation by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 264 shares in the last quarter. FNY Partners Fund LP acquired a new position in shares of Occidental Petroleum Corporation during the 1st quarter worth about $126,000. Finally, MV Capital Management Inc. boosted its position in shares of Occidental Petroleum Corporation by 6.1% during the 2nd quarter. MV Capital Management Inc. now owns 2,333 shares of the oil and gas producer’s stock worth $140,000 after acquiring an additional 134 shares in the last quarter. Institutional investors own 80.53% of the company’s stock.
In other news, Director William R. Klesse acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average cost of $61.58 per share, with a total value of $615,800.00. Following the completion of the acquisition, the director now directly owns 70,692 shares in the company, valued at $4,353,213.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.32% of the stock is owned by insiders.
Shares of Occidental Petroleum Corporation (NYSE OXY) traded down 0.06% during mid-day trading on Monday, hitting $64.69. The company had a trading volume of 849,872 shares. The stock has a market cap of $49.46 billion, a price-to-earnings ratio of 455.56 and a beta of 0.67. The stock’s 50-day moving average is $62.49 and its 200-day moving average is $61.33. 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 announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. Occidental Petroleum Corporation’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.18) earnings per share. Equities analysts forecast that Occidental Petroleum Corporation will post $0.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,369.23%.
Several research analysts have recently issued reports on the company. Bank of America Corporation upped their price objective on Occidental Petroleum Corporation from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday. Barclays PLC upped their price objective on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. BMO Capital Markets set a $60.00 price objective on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $58.00 price objective on shares of Occidental Petroleum Corporation in a research report on Friday, October 6th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $80.00 price objective on shares of Occidental Petroleum Corporation in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. Occidental Petroleum Corporation presently has an average rating of “Hold” and an average target price of $65.71.
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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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