Guinness Asset Management Ltd held its stake in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 185,750 shares of the oil and gas producer’s stock at the end of the second quarter. Occidental Petroleum Corporation accounts for about 2.4% of Guinness Asset Management Ltd’s portfolio, making the stock its 26th largest position. Guinness Asset Management Ltd’s holdings in Occidental Petroleum Corporation were worth $11,121,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Alpha Windward LLC boosted its stake in shares of Occidental Petroleum Corporation by 2.3% in the first quarter. Alpha Windward LLC now owns 3,254 shares of the oil and gas producer’s stock worth $206,000 after buying an additional 73 shares in the last quarter. Salem Capital Management Inc. purchased a new stake in shares of Occidental Petroleum Corporation during the first quarter worth approximately $2,896,000. Private Trust Co. NA boosted its stake in shares of Occidental Petroleum Corporation by 6.2% in the first quarter. Private Trust Co. NA now owns 11,880 shares of the oil and gas producer’s stock worth $752,000 after buying an additional 691 shares in the last quarter. Farmers Trust Co. boosted its stake in shares of Occidental Petroleum Corporation by 0.8% in the first quarter. Farmers Trust Co. now owns 8,475 shares of the oil and gas producer’s stock worth $537,000 after buying an additional 69 shares in the last quarter. Finally, Gradient Investments LLC boosted its stake in shares of Occidental Petroleum Corporation by 16.2% in the first quarter. Gradient Investments LLC now owns 95,921 shares of the oil and gas producer’s stock worth $6,078,000 after buying an additional 13,369 shares in the last quarter. 81.55% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Corporation (NYSE OXY) traded down 0.06% during trading on Thursday, hitting $61.62. The company’s stock had a trading volume of 828,470 shares. The company has a 50-day moving average of $60.45 and a 200 day moving average 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 cap of $47.11 billion, a PE 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 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the company posted ($0.18) earnings per share. The firm’s quarterly revenue was up 40.9% compared to the same quarter last year. On average, equities analysts forecast that Occidental Petroleum Corporation will post $0.65 earnings per share for the current 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 issued a $0.77 dividend. The ex-dividend date is Friday, September 8th. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a yield of 5.00%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is 2,338.46%.

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A number of analysts have commented on OXY shares. Bank of America Corporation reaffirmed a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Mitsubishi UFJ Financial Group started coverage on Occidental Petroleum Corporation in a research report on Monday, May 29th. They set a “hold” rating and a $69.00 price target for the company. Cowen and Company reaffirmed a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a research report on Tuesday, May 23rd. Wolfe Research raised 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 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 assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.38.

In related news, CFO Cedric W. Burgher bought 1,700 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average cost of $59.85 per share, with a total value of $101,745.00. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

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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