Boston Private Wealth LLC increased its stake in shares of Occidental Petroleum Corp. (NYSE:OXY) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 369,309 shares of the company’s stock after buying an additional 21,903 shares during the period. Occidental Petroleum Corp. makes up about 1.1% of Boston Private Wealth LLC’s investment portfolio, making the stock its 19th largest position. Boston Private Wealth LLC’s holdings in Occidental Petroleum Corp. were worth $27,905,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Mariner Wealth Advisors LLC raised its position in Occidental Petroleum Corp. by 12.4% in the first quarter. Mariner Wealth Advisors LLC now owns 17,343 shares of the company’s stock valued at $1,187,000 after buying an additional 1,913 shares during the last quarter. Wellington Management Group LLP raised its position in Occidental Petroleum Corp. by 11.1% in the first quarter. Wellington Management Group LLP now owns 13,704,842 shares of the company’s stock valued at $937,822,000 after buying an additional 1,367,898 shares during the last quarter. Simmons Bank bought a new position in Occidental Petroleum Corp. during the first quarter valued at $814,000. Geode Capital Management LLC raised its position in Occidental Petroleum Corp. by 1.7% in the first quarter. Geode Capital Management LLC now owns 6,301,435 shares of the company’s stock valued at $430,348,000 after buying an additional 104,043 shares during the last quarter. Finally, Kimelman & Baird LLC raised its position in Occidental Petroleum Corp. by 18.6% in the first quarter. Kimelman & Baird LLC now owns 76,238 shares of the company’s stock valued at $5,217,000 after buying an additional 11,936 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded up 3.75% on Wednesday, hitting $75.29. 2,799,548 shares of the stock traded hands. The firm’s market cap is $57.52 billion. Occidental Petroleum Corp. has a 52-week low of $58.24 and a 52-week high of $78.48. The firm has a 50 day moving average price of $73.46 and a 200 day moving average price of $74.71.

Occidental Petroleum Corp. (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.18). The company earned $2.53 billion during the quarter, compared to the consensus estimate of $2.73 billion. Occidental Petroleum Corp. had a negative return on equity of 2.64% and a negative net margin of 71.82%. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue was down 27.0% on a year-over-year basis. On average, equities analysts forecast that Occidental Petroleum Corp. will post ($0.71) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 9th will be paid a $0.76 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $3.04 annualized dividend and a yield of 4.19%. Occidental Petroleum Corp.’s payout ratio is -29.57%.

A number of equities analysts have weighed in on the stock. Jefferies Group reiterated a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Sunday, July 10th. Deutsche Bank AG lowered shares of Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 target price for the company. in a research report on Friday, August 5th. Credit Agricole SA reiterated a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Barclays PLC increased their target price on shares of Occidental Petroleum Corp. from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, July 14th. Finally, Raymond James Financial Inc. lowered shares of Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 target price for the company. in a research report on Thursday, July 7th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $76.06.

In other Occidental Petroleum Corp. news, Director Stephen I. Chazen sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $73.80, for a total value of $664,200.00. Following the completion of the transaction, the director now directly owns 1,628,119 shares in the company, valued at approximately $120,155,182.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen I. Chazen sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $73.95, for a total value of $369,750.00. Following the completion of the transaction, the director now owns 1,745,119 shares of the company’s stock, valued at $129,051,550.05. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

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.

5 Day Chart for NYSE:OXY

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