Occidental Petroleum Co. (NYSE:OXY) CFO Cedric W. Burgher bought 4,100 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was bought at an average cost of $49.61 per share, with a total value of $203,401.00. Following the acquisition, the chief financial officer now directly owns 76,842 shares of the company’s stock, valued at approximately $3,812,131.62. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:OXY opened at $49.31 on Friday. The company has a market cap of $36.88 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 2.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03. Occidental Petroleum Co. has a fifty-two week low of $47.00 and a fifty-two week high of $86.60.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.02 billion. Occidental Petroleum had a net margin of 21.17% and a return on equity of 17.70%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. On average, sell-side analysts expect that Occidental Petroleum Co. will post 3.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s dividend payout ratio is presently 62.28%.

A number of research analysts have recently commented on OXY shares. Citigroup cut shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $80.00 to $72.00 in a report on Tuesday, February 19th. ValuEngine raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Zacks Investment Research raised Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Oppenheimer began coverage on Occidental Petroleum in a research note on Wednesday, March 27th. They issued a “market perform” rating for the company. Finally, Mizuho downgraded Occidental Petroleum from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $83.00 to $70.00 in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. Occidental Petroleum currently has an average rating of “Hold” and an average target price of $75.30.

A number of large investors have recently added to or reduced their stakes in the business. Nachman Norwood & Parrott Inc increased its position in Occidental Petroleum by 0.6% during the 1st quarter. Nachman Norwood & Parrott Inc now owns 25,427 shares of the oil and gas producer’s stock valued at $1,683,000 after purchasing an additional 160 shares during the period. Essex Savings Bank grew its position in shares of Occidental Petroleum by 16.8% during the 1st quarter. Essex Savings Bank now owns 1,216 shares of the oil and gas producer’s stock worth $80,000 after buying an additional 175 shares during the period. OLD Second National Bank of Aurora grew its position in shares of Occidental Petroleum by 0.3% during the 1st quarter. OLD Second National Bank of Aurora now owns 54,908 shares of the oil and gas producer’s stock worth $3,635,000 after buying an additional 178 shares during the period. Wetherby Asset Management Inc. grew its position in shares of Occidental Petroleum by 1.1% during the 1st quarter. Wetherby Asset Management Inc. now owns 16,215 shares of the oil and gas producer’s stock worth $1,074,000 after buying an additional 182 shares during the period. Finally, CX Institutional grew its position in shares of Occidental Petroleum by 1.8% during the 1st quarter. CX Institutional now owns 10,505 shares of the oil and gas producer’s stock worth $695,000 after buying an additional 183 shares during the period. 81.77% of the stock is owned by institutional investors and hedge funds.

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About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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