Occidental Petroleum Corp. (NYSE:OXY) announced a quarterly dividend on Thursday, October 6th. Investors of record on Friday, December 9th will be paid a dividend of 0.76 per share on Friday, January 13th. This represents a $3.04 annualized dividend and a dividend yield of 4.19%.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded up 1.96% during midday trading on Thursday, hitting $73.96. The company had a trading volume of 2,905,960 shares. The company’s market capitalization is $56.50 billion. Occidental Petroleum Corp. has a 12-month low of $58.24 and a 12-month high of $78.48. The company’s 50-day moving average price is $74.39 and its 200 day moving average price is $74.40.

Occidental Petroleum Corp. (NYSE:OXY) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.18) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.18). Occidental Petroleum Corp. had a negative net margin of 71.82% and a negative return on equity of 2.64%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was down 27.0% compared to the same quarter last year. Equities research analysts predict that Occidental Petroleum Corp. will post ($0.70) earnings per share for the current fiscal year.

Several equities analysts have commented on the stock. Jefferies Group reissued a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Sunday, July 10th. Morgan Stanley cut shares of Occidental Petroleum Corp. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $58.24 to $70.00 in a research report on Monday, June 13th. They noted that the move was a valuation call. Deutsche Bank AG cut shares of Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 target price on the stock. in a research report on Friday, August 5th. Credit Suisse Group AG reissued a “hold” rating and set a $72.00 target price on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. Finally, Raymond James Financial Inc. cut shares of Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 target price on the stock. in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $76.06.

In other news, Director Stephen I. Chazen sold 9,000 shares of Occidental Petroleum Corp. stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $73.76, for a total transaction of $663,840.00. Following the completion of the sale, the director now directly owns 1,738,119 shares of the company’s stock, valued at approximately $128,203,657.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen I. Chazen sold 5,000 shares of Occidental Petroleum Corp. stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $76.24, for a total transaction of $381,200.00. Following the sale, the director now directly owns 1,750,119 shares of the company’s stock, valued at $133,429,072.56. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

A number of hedge funds have recently bought and sold shares of OXY. SevenBridge Financial Group LLC acquired a new stake in Occidental Petroleum Corp. during the second quarter valued at $121,000. Johnson Financial Group Inc. increased its stake in Occidental Petroleum Corp. by 64.7% in the second quarter. Johnson Financial Group Inc. now owns 1,925 shares of the company’s stock valued at $146,000 after buying an additional 756 shares in the last quarter. Pinkerton Retirement Specialists LLC increased its stake in Occidental Petroleum Corp. by 348,100.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 3,482 shares of the company’s stock valued at $263,000 after buying an additional 3,481 shares in the last quarter. Logan Capital Management Inc. increased its stake in Occidental Petroleum Corp. by 5.1% in the second quarter. Logan Capital Management Inc. now owns 3,516 shares of the company’s stock valued at $266,000 after buying an additional 170 shares in the last quarter. Finally, Cable Hill Partners LLC increased its stake in Occidental Petroleum Corp. by 0.5% in the second quarter. Cable Hill Partners LLC now owns 3,738 shares of the company’s stock valued at $284,000 after buying an additional 18 shares in the last quarter. 80.80% of the stock is owned by institutional investors and hedge funds.

About Occidental Petroleum Corp.

Occidental Petroleum Corporation 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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