Koshinski Asset Management Inc. increased its stake in Occidental Petroleum Corporation (NYSE:OXY) by 55.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 17,061 shares of the oil and gas producer’s stock after buying an additional 6,063 shares during the period. Koshinski Asset Management Inc.’s holdings in Occidental Petroleum Corporation were worth $1,021,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in shares of Occidental Petroleum Corporation during the fourth quarter worth about $256,000. Chesley Taft & Associates LLC acquired a new stake in shares of Occidental Petroleum Corporation during the first quarter worth about $678,000. Quadrant Capital Group LLC increased its stake in shares of Occidental Petroleum Corporation by 6.1% in the first quarter. Quadrant Capital Group LLC now owns 2,982 shares of the oil and gas producer’s stock worth $182,000 after buying an additional 172 shares during the period. Highland Capital Management LLC increased its stake in shares of Occidental Petroleum Corporation by 33.4% in the first quarter. Highland Capital Management LLC now owns 39,670 shares of the oil and gas producer’s stock worth $2,513,000 after buying an additional 9,940 shares during the period. Finally, E&G Advisors LP increased its stake in shares of Occidental Petroleum Corporation by 4.4% in the first quarter. E&G Advisors LP now owns 15,323 shares of the oil and gas producer’s stock worth $971,000 after buying an additional 650 shares during the period. 81.55% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Corporation (NYSE:OXY) traded down 0.33% during mid-day trading on Friday, hitting $61.14. The stock had a trading volume of 1,021,995 shares. The firm has a market cap of $46.75 billion, a PE ratio of 430.56 and a beta of 0.65. The company has a 50-day moving average of $60.49 and a 200-day moving average of $62.64. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Analysts expect that Occidental Petroleum Corporation will post $0.64 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, September 8th. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 2,338.46%.

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A number of analysts have issued reports on the company. Barclays PLC set a $38.00 price target on Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. Jefferies Group LLC set a $64.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Saturday, July 29th. Scotiabank reaffirmed a “hold” rating and set a $60.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, June 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price target on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. Finally, Mitsubishi UFJ Financial Group assumed coverage on Occidental Petroleum Corporation in a report on Monday, May 29th. They set a “hold” rating and a $69.00 price target for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Occidental Petroleum Corporation has an average rating of “Hold” and an average target price of $66.38.

In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher purchased 1,700 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were purchased at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the completion of the transaction, 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 can be accessed through this hyperlink. Also, Director William R. Klesse purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the transaction, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The disclosure for this purchase can be found here. 0.32% of the stock is owned by company insiders.

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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