Capital One National Association increased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,169 shares of the oil and gas producer’s stock after buying an additional 441 shares during the period. Capital One National Association’s holdings in Occidental Petroleum Corporation were worth $250,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in OXY. BlackRock Inc. increased its position in Occidental Petroleum Corporation by 3,198.5% in the first quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock valued at $3,737,692,000 after buying an additional 57,202,942 shares in the last quarter. Morgan Stanley increased its position in Occidental Petroleum Corporation by 22.1% in the first quarter. Morgan Stanley now owns 9,249,261 shares of the oil and gas producer’s stock valued at $586,034,000 after buying an additional 1,672,384 shares in the last quarter. Macquarie Group Ltd. increased its position in Occidental Petroleum Corporation by 10.7% in the first quarter. Macquarie Group Ltd. now owns 11,530,548 shares of the oil and gas producer’s stock valued at $730,575,000 after buying an additional 1,116,036 shares in the last quarter. Vanguard Group Inc. increased its position in Occidental Petroleum Corporation by 1.9% in the first quarter. Vanguard Group Inc. now owns 54,072,614 shares of the oil and gas producer’s stock valued at $3,426,042,000 after buying an additional 983,992 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Occidental Petroleum Corporation by 11.4% in the first quarter. American Century Companies Inc. now owns 9,135,714 shares of the oil and gas producer’s stock valued at $578,839,000 after buying an additional 936,625 shares in the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Occidental Petroleum Corporation (NYSE OXY) traded down 0.06% during midday trading on Thursday, reaching $61.62. 828,470 shares of the company traded hands. The firm has a 50-day moving average price of $60.45 and a 200-day moving average price of $62.65. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The firm has a market capitalization of $47.11 billion, a price-to-earnings ratio of 433.94 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter last year, the company earned ($0.18) EPS. The firm’s revenue was up 40.9% compared to the same quarter last year. Equities analysts predict that Occidental Petroleum Corporation will post $0.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be paid a $0.77 dividend. The ex-dividend date is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 5.00%. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 2,338.46%.

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OXY has been the subject of a number of recent research reports. Bank of America Corporation reissued a “buy” rating and issued a $80.00 target price (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Mitsubishi UFJ Financial Group initiated coverage on shares of Occidental Petroleum Corporation in a research report on Monday, May 29th. They issued a “hold” rating and a $69.00 target price for the company. Cowen and Company reissued a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research report on Tuesday, May 23rd. Wolfe Research raised shares of Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $66.38.

In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher purchased 1,700 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was purchased at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the transaction, the chief financial officer now owns 44,124 shares in the company, valued at approximately $2,640,821.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is owned by company insiders.

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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