Oarsman Capital Inc. reduced its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,391 shares of the oil and gas producer’s stock after selling 149 shares during the quarter. Oarsman Capital Inc.’s holdings in Occidental Petroleum Corporation were worth $383,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Glassman Wealth Services grew its stake in shares of Occidental Petroleum Corporation by 0.3% during the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock valued at $148,000 after buying an additional 8 shares during the last quarter. Partnervest Advisory Services LLC grew its stake in shares of Occidental Petroleum Corporation by 0.5% in the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after purchasing an additional 16 shares during the last quarter. Guardian Life Insurance Co. of America grew its stake in shares of Occidental Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock worth $187,000 after purchasing an additional 20 shares during the last quarter. Concert Wealth Management Inc. grew its stake in shares of Occidental Petroleum Corporation by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock worth $595,000 after purchasing an additional 23 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its stake in shares of Occidental Petroleum Corporation by 0.5% in the second quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after purchasing an additional 23 shares during the last quarter. 80.57% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director William R. Klesse bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were acquired at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the purchase, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.32% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: “Oarsman Capital Inc. Sells 149 Shares of Occidental Petroleum Corporation (OXY)” was published by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.watchlistnews.com/oarsman-capital-inc-sells-149-shares-of-occidental-petroleum-corporation-oxy/1575254.html.

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 61.86 on Wednesday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $75.60. The stock has a market capitalization of $47.30 billion, a price-to-earnings ratio of 435.63 and a beta of 0.66. The firm has a 50-day moving average of $60.57 and a 200 day moving average of $61.24.

Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The company’s revenue for the quarter was up 40.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.18) EPS. On average, equities research analysts predict that Occidental Petroleum Corporation will post $0.68 EPS 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 paid a $0.77 dividend. This is an increase 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 4.98%. The ex-dividend date of this dividend is Friday, September 8th. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,369.23%.

Several analysts recently issued reports on OXY shares. Barclays PLC set a $38.00 target price on Occidental Petroleum Corporation and gave the stock a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research raised Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Citigroup Inc. cut Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and cut their target price for the stock from $66.00 to $58.00 in a research note on Friday, July 21st. BidaskClub cut Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Finally, BMO Capital Markets cut their target price on Occidental Petroleum Corporation from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.14.

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.

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

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.