OLD Second National Bank of Aurora increased its stake in Occidental Petroleum Corporation (NYSE:OXY) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,845 shares of the oil and gas producer’s stock after buying an additional 1,102 shares during the period. Occidental Petroleum Corporation comprises 1.3% of OLD Second National Bank of Aurora’s holdings, making the stock its 27th largest position. OLD Second National Bank of Aurora’s holdings in Occidental Petroleum Corporation were worth $2,985,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $102,000. Parallel Advisors LLC raised its position in Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after buying an additional 264 shares during the period. Mosaic Family Wealth LLC raised its position in Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock valued at $120,000 after buying an additional 72 shares during the period. FNY Partners Fund LP bought a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $126,000. Finally, Farmers National Bank bought a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $147,000. 81.55% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded down 0.220% during midday trading on Friday, hitting $61.205. The stock had a trading volume of 1,213,282 shares. The firm has a market cap of $46.80 billion, a PE ratio of 431.021 and a beta of 0.65. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $78.48. The firm has a 50-day moving average of $60.49 and a 200 day moving average of $62.64.

Occidental Petroleum Corporation (NYSE:OXY) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $3 billion. During the same quarter in the prior year, the company earned ($0.18) EPS. The firm’s revenue for the quarter was up 40.9% compared to the same quarter last year. On average, analysts expect that Occidental Petroleum Corporation will post $0.64 earnings per share for the current year.

The firm also recently announced 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 is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 5.02%. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,338.46%.

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Several research firms recently commented on OXY. Jefferies Group LLC reissued a “hold” rating and set a $70.00 price target on shares of Occidental Petroleum Corporation in a research report on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday, May 19th. Zacks Investment Research lowered Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Bank of America Corporation reissued a “buy” rating and set a $80.00 price target (down from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $66.38.

In other news, CFO Cedric W. Burgher acquired 1,700 shares of Occidental Petroleum Corporation stock in a transaction on Wednesday, June 7th. The stock was bought at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the transaction, the chief financial officer now owns 44,124 shares of the company’s stock, valued at $2,640,821.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William R. Klesse acquired 10,000 shares of Occidental Petroleum Corporation stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now directly owns 70,692 shares in the company, valued at approximately $4,353,213.36. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate insiders.

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.

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

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