Great West Life Assurance Co. Can Buys 35,573 Shares of Occidental Petroleum Corporation (OXY)
Great West Life Assurance Co. Can boosted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 2.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,605,842 shares of the oil and gas producer’s stock after acquiring an additional 35,573 shares during the period. Great West Life Assurance Co. Can owned 0.21% of Occidental Petroleum worth $103,870,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of OXY. Capital Research Global Investors acquired a new position in Occidental Petroleum in the 2nd quarter valued at about $179,610,000. Principal Financial Group Inc. increased its position in Occidental Petroleum by 119.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,372,784 shares of the oil and gas producer’s stock valued at $142,058,000 after acquiring an additional 1,292,162 shares during the period. Federated Investors Inc. PA increased its position in Occidental Petroleum by 18.0% in the 2nd quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock valued at $453,184,000 after acquiring an additional 1,152,152 shares during the period. Flossbach Von Storch AG increased its position in Occidental Petroleum by 179.7% in the 2nd quarter. Flossbach Von Storch AG now owns 1,765,645 shares of the oil and gas producer’s stock valued at $105,709,000 after acquiring an additional 1,134,445 shares during the period. Finally, Standard Life Investments LTD acquired a new position in Occidental Petroleum in the 2nd quarter valued at about $67,920,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.
Several brokerages recently issued reports on OXY. Cowen Inc restated a “buy” rating and issued a $75.00 price target on shares of Occidental Petroleum in a research report on Tuesday, August 22nd. Mizuho restated a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum in a research report on Friday, November 3rd. Bank of America Corporation boosted their price target on Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Goldman Sachs Group Inc raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Occidental Petroleum has an average rating of “Hold” and a consensus target price of $67.27.
Shares of Occidental Petroleum Corporation (NYSE:OXY) traded up $0.17 on Friday, reaching $68.42. The company’s stock had a trading volume of 1,600,000 shares, compared to its average volume of 4,258,787. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $73.51. The stock has a market cap of $52,358.06, a price-to-earnings ratio of 195.49, a PEG ratio of 14.57 and a beta of 0.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.
Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the previous year, the company earned ($0.15) EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities analysts predict that Occidental Petroleum Corporation will post 0.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum’s dividend payout ratio (DPR) is 440.00%.
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Occidental Petroleum 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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