Trust Co. of Toledo NA OH continued to hold its position in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,495 shares of the oil and gas producer’s stock at the end of the second quarter. Trust Co. of Toledo NA OH’s holdings in Occidental Petroleum Corporation were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OXY. Partnervest Advisory Services LLC raised its position in 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 buying an additional 16 shares during the period. Guardian Life Insurance Co. of America raised its position in 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 buying an additional 20 shares during the period. Concert Wealth Management Inc. raised its position in 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 buying an additional 23 shares during the period. Albert D Mason Inc. raised its position in Occidental Petroleum Corporation by 0.3% in the first quarter. Albert D Mason Inc. now owns 7,688 shares of the oil and gas producer’s stock worth $487,000 after buying an additional 25 shares during the period. Finally, Ronald Blue & Co. LLC raised its position in Occidental Petroleum Corporation by 0.3% in the first quarter. Ronald Blue & Co. LLC now owns 9,955 shares of the oil and gas producer’s stock worth $631,000 after buying an additional 31 shares during the period. 81.42% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded down 1.27% during midday trading on Tuesday, reaching $60.46. The company’s stock had a trading volume of 1,101,611 shares. The company has a market cap of $46.23 billion, a price-to-earnings ratio of 425.77 and a beta of 0.65. The stock has a 50-day moving average of $60.55 and a 200 day moving average of $62.46. 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 posted its 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 firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period in the previous year, the firm earned ($0.18) earnings per share. The company’s revenue was up 40.9% on a year-over-year basis. On average, analysts predict that Occidental Petroleum Corporation will post $0.64 earnings per share for the current fiscal year.

The firm 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 represents a $3.08 dividend on an annualized basis and a yield of 5.03%. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. Occidental Petroleum Corporation’s payout ratio is presently 2,338.46%.

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OXY has been the subject of a number of recent analyst reports. Simmons increased their price target on Occidental Petroleum Corporation from $71.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, April 19th. Barclays PLC reiterated a “sell” rating and issued a $50.00 price target (down previously from $62.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, April 20th. Scotiabank reiterated a “hold” rating and issued a $68.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday, May 5th. BMO Capital Markets set a $65.00 price target on Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $70.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday, May 5th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $66.38.

In other news, CFO Cedric W. Burgher acquired 1,700 shares of Occidental Petroleum Corporation stock in a transaction dated 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 transaction, the chief financial officer now directly owns 44,124 shares of the company’s stock, valued at $2,640,821.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Klesse acquired 10,000 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $61.58 per share, with a total value of $615,800.00. Following the completion of the transaction, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by 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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