Flossbach Von Storch AG increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,948,195 shares of the oil and gas producer’s stock after purchasing an additional 182,550 shares during the period. Occidental Petroleum Corporation makes up 1.3% of Flossbach Von Storch AG’s holdings, making the stock its 22nd biggest position. Flossbach Von Storch AG owned approximately 0.25% of Occidental Petroleum Corporation worth $125,094,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OXY. KCG Holdings Inc. raised its holdings in shares of Occidental Petroleum Corporation by 211.1% during the first quarter. KCG Holdings Inc. now owns 67,937 shares of the oil and gas producer’s stock worth $4,304,000 after purchasing an additional 46,098 shares during the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Occidental Petroleum Corporation by 2.4% during the first quarter. United Capital Financial Advisers LLC now owns 181,157 shares of the oil and gas producer’s stock worth $11,478,000 after purchasing an additional 4,304 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Occidental Petroleum Corporation by 8.9% during the first quarter. Amalgamated Bank now owns 47,370 shares of the oil and gas producer’s stock worth $3,001,000 after purchasing an additional 3,859 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Occidental Petroleum Corporation by 5.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 2,633,078 shares of the oil and gas producer’s stock worth $166,832,000 after purchasing an additional 125,342 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Occidental Petroleum Corporation by 15.4% during the first quarter. Oppenheimer & Co. Inc. now owns 99,263 shares of the oil and gas producer’s stock worth $6,290,000 after purchasing an additional 13,216 shares during the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Corporation (NYSE OXY) traded up $0.30 on Friday, reaching $68.54. 692,696 shares of the company’s stock were exchanged, compared to its average volume of 4,505,259. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $73.51. The stock has a market capitalization of $52,212.70, a PE ratio of 194.94, a price-to-earnings-growth ratio of 14.53 and a beta of 0.63. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Occidental Petroleum Corporation (NYSE:OXY) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned ($0.15) earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. analysts predict that Occidental Petroleum Corporation will post 0.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.49%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is 440.00%.

A number of research analysts have weighed in on the stock. Mizuho reaffirmed a “hold” rating and issued a $71.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday. BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC lifted their price objective on shares of Occidental Petroleum Corporation from $45.00 to $47.00 and gave the company an “underweight” rating in a report on Monday. Scotiabank reaffirmed a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum Corporation in a report on Wednesday. Finally, Piper Jaffray Companies set a $55.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Friday, August 25th. Three research 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’s stock. Occidental Petroleum Corporation has a consensus rating of “Hold” and a consensus price target of $67.27.

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Occidental Petroleum Corporation Company 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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Institutional Ownership by Quarter for Occidental Petroleum Corporation (NYSE:OXY)

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