Occidental Petroleum Corporation (OXY) Shares Bought by Capital International Investors
Capital International Investors increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,983,934 shares of the oil and gas producer’s stock after purchasing an additional 6,124 shares during the quarter. Capital International Investors owned approximately 1.04% of Occidental Petroleum Corporation worth $477,998,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Glassman Wealth Services lifted its holdings in Occidental Petroleum Corporation by 0.3% in the 2nd quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 8 shares in the last quarter. Partnervest Advisory Services LLC boosted its stake in Occidental Petroleum Corporation by 0.5% in the 1st 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 period. Guardian Life Insurance Co. of America boosted its stake in Occidental Petroleum Corporation by 0.7% in the 1st 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 period. Concert Wealth Management Inc. boosted its stake in Occidental Petroleum Corporation by 0.3% in the 1st 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 period. Finally, BerganKDV Wealth Management LLC boosted its stake in Occidental Petroleum Corporation by 0.5% in the 2nd 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 period. Hedge funds and other institutional investors own 80.60% of the company’s stock.
Occidental Petroleum Corporation (NYSE:OXY) traded down 0.69% during midday trading on Monday, hitting $63.77. The stock had a trading volume of 1,047,376 shares. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $75.60. The firm has a 50-day moving average of $60.57 and a 200-day moving average of $61.24. The company has a market cap of $48.76 billion, a PE ratio of 449.08 and a beta of 0.67.
Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the business earned ($0.18) earnings per share. The business’s revenue was up 40.9% compared to the same quarter last year. Equities research analysts forecast that Occidental Petroleum Corporation will post $0.65 EPS 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 given a dividend of $0.77 per share. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.80%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,369.23%.
Several research firms have recently issued reports on OXY. Cowen and Company reiterated a “buy” rating and set a $80.00 price objective on shares of Occidental Petroleum Corporation in a research report on Thursday. BMO Capital Markets restated a “hold” rating and set a $65.00 target price on shares of Occidental Petroleum Corporation in a research report on Thursday, June 22nd. Jefferies Group LLC restated a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum Corporation in a research report on Friday, June 23rd. Barclays PLC set a $38.00 target price on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Finally, Scotiabank reaffirmed a “hold” rating and set a $60.00 target price on shares of Occidental Petroleum Corporation in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Occidental Petroleum Corporation presently has an average rating of “Hold” and an average price target of $65.50.
In related news, Director William R. Klesse acquired 10,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were bought at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the purchase, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.
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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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