Chesley Taft & Associates LLC maintained its position in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, Holdings Channel reports. The institutional investor owned 10,700 shares of the oil and gas producer’s stock at the end of the second quarter. Chesley Taft & Associates LLC’s holdings in Occidental Petroleum Corporation were worth $641,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the stock. National Pension Service increased its position in Occidental Petroleum Corporation by 12.2% in the second quarter. National Pension Service now owns 632,104 shares of the oil and gas producer’s stock valued at $37,800,000 after buying an additional 68,597 shares during the last quarter. State of Alaska Department of Revenue increased its position in Occidental Petroleum Corporation by 19.8% in the second quarter. State of Alaska Department of Revenue now owns 11,055 shares of the oil and gas producer’s stock valued at $661,000 after buying an additional 1,830 shares during the last quarter. Fisher Asset Management LLC increased its position in Occidental Petroleum Corporation by 3.6% in the second quarter. Fisher Asset Management LLC now owns 6,463 shares of the oil and gas producer’s stock valued at $387,000 after buying an additional 222 shares during the last quarter. Kempner Capital Management Inc. increased its position in Occidental Petroleum Corporation by 24.1% in the second quarter. Kempner Capital Management Inc. now owns 71,537 shares of the oil and gas producer’s stock valued at $4,283,000 after buying an additional 13,897 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its position in Occidental Petroleum Corporation by 8.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 320,605 shares of the oil and gas producer’s stock valued at $19,195,000 after buying an additional 25,900 shares during the last quarter. 81.42% of the stock is currently owned by institutional investors.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded down 0.56% during midday trading on Wednesday, hitting $60.28. The company’s stock had a trading volume of 1,303,924 shares. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $78.48. The stock’s 50 day moving average is $60.57 and its 200-day moving average is $62.40. The firm has a market cap of $46.09 billion, a P/E ratio of 424.51 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 0.91% and a return on equity of 0.13%. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) EPS. Equities analysts predict that Occidental Petroleum Corporation will post $0.64 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be given a dividend of $0.77 per share. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date is Friday, September 8th. Occidental Petroleum Corporation’s payout ratio is 2,338.46%.

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Several equities analysts have recently commented on the company. Barclays PLC set a $38.00 target price on Occidental Petroleum Corporation and gave the company a “sell” rating in a research report on Friday, August 4th. BidaskClub raised Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC set a $64.00 target price on Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Saturday, July 29th. Citigroup Inc. downgraded Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their target price for the company from $66.00 to $58.00 in a research report on Friday, July 21st. Finally, Cowen and Company set a $75.00 target price on Occidental Petroleum Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $66.38.

In other news, Director William R. Klesse purchased 10,000 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, August 9th. The stock was purchased at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the transaction, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Cedric W. Burgher purchased 1,700 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, June 7th. The shares were purchased at an average price of $59.85 per share, with a total value of $101,745.00. Following the completion of the transaction, the chief financial officer now directly owns 44,124 shares in the company, valued at $2,640,821.40. The disclosure for this purchase can be found here. 0.32% of the stock is owned by 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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