Personal Capital Advisors Corp raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 71.9% during the second quarter, Holdings Channel reports. The fund owned 136,492 shares of the oil and gas producer’s stock after buying an additional 57,107 shares during the period. Personal Capital Advisors Corp’s holdings in Occidental Petroleum Corporation were worth $8,172,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OXY. Everence Capital Management Inc. raised its position in shares of Occidental Petroleum Corporation by 2.0% in the first quarter. Everence Capital Management Inc. now owns 44,205 shares of the oil and gas producer’s stock valued at $2,801,000 after buying an additional 850 shares during the last quarter. Boston Advisors LLC raised its position in shares of Occidental Petroleum Corporation by 6.3% in the first quarter. Boston Advisors LLC now owns 83,231 shares of the oil and gas producer’s stock valued at $5,274,000 after buying an additional 4,964 shares during the last quarter. Coastline Trust Co raised its position in shares of Occidental Petroleum Corporation by 4.7% in the first quarter. Coastline Trust Co now owns 44,140 shares of the oil and gas producer’s stock valued at $2,797,000 after buying an additional 1,965 shares during the last quarter. Benson Investment Management Company Inc. raised its position in shares of Occidental Petroleum Corporation by 8.1% in the first quarter. Benson Investment Management Company Inc. now owns 28,650 shares of the oil and gas producer’s stock valued at $1,815,000 after buying an additional 2,140 shares during the last quarter. Finally, Reliance Trust Co. of Delaware raised its position in shares of Occidental Petroleum Corporation by 22.7% in the first quarter. Reliance Trust Co. of Delaware now owns 12,280 shares of the oil and gas producer’s stock valued at $778,000 after buying an additional 2,268 shares during the last quarter. 81.42% of the stock is currently owned by institutional investors.

Occidental Petroleum Corporation (NYSE OXY) traded down 1.34% on Tuesday, reaching $60.42. 1,366,008 shares of the company were exchanged. The stock has a market capitalization of $46.20 billion, a price-to-earnings ratio of 425.49 and a beta of 0.65. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48. The stock has a 50-day moving average price of $60.55 and a 200 day moving average price of $62.46.

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

The firm also recently declared 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. The ex-dividend date is Friday, September 8th. 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. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,338.46%.

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Several equities analysts recently issued reports on the stock. Jefferies Group LLC set a $64.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Saturday, July 29th. Barclays PLC set a $38.00 price target on shares of Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. Zacks Investment Research raised shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Simmons lifted their price target on shares of Occidental Petroleum Corporation from $71.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Finally, BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus 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 that occurred on Wednesday, June 7th. The stock was purchased at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the purchase, the chief financial officer now directly owns 44,124 shares in the company, valued at $2,640,821.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Klesse purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the purchase, the director now owns 70,692 shares in the company, valued at $4,353,213.36. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate 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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