Russell Investments Group Ltd. boosted its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,025,002 shares of the oil and gas producer’s stock after buying an additional 6,528 shares during the period. Russell Investments Group Ltd.’s holdings in Occidental Petroleum Corporation were worth $121,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OXY. Partnervest Advisory Services LLC increased 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 in the last quarter. Guardian Life Insurance Co. of America increased 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 in the last quarter. Concert Wealth Management Inc. increased 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 in the last quarter. BerganKDV Wealth Management LLC increased its position in 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 buying an additional 23 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. increased its position in Occidental Petroleum Corporation by 0.4% in the second quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock worth $348,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Occidental Petroleum Corporation (NYSE:OXY) traded down 0.34% during mid-day trading on Friday, reaching $61.13. The company’s stock had a trading volume of 2,475,317 shares. The stock has a market cap of $46.74 billion, a price-to-earnings ratio of 430.49 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’s 50 day moving average price is $60.52 and its 200 day moving average price is $62.59.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the company posted ($0.18) EPS. The company’s quarterly revenue was up 40.9% on a year-over-year basis. On average, equities analysts predict 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. Stockholders of record on Monday, September 11th will be paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, September 8th. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is 2,338.46%.

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A number of research firms have recently commented on OXY. Scotiabank reiterated a “hold” rating and set a $68.00 target price on shares of Occidental Petroleum Corporation in a research report on Monday, May 15th. BMO Capital Markets set a $65.00 target price on Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Thursday, May 4th. Zacks Investment Research upgraded Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Jefferies Group LLC reiterated a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum Corporation in a research report on Friday, June 23rd. Finally, BidaskClub upgraded Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.38.

In other news, Director William R. Klesse acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the acquisition, the director now owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Cedric W. Burgher acquired 1,700 shares of the business’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 acquisition, the chief financial officer now directly owns 44,124 shares in the company, valued at approximately $2,640,821.40. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

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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