Oakwood Capital Management LLC CA increased its position in Occidental Petroleum Corp. (NYSE:OXY) by 0.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,493 shares of the company’s stock after buying an additional 78 shares during the period. Oakwood Capital Management LLC CA’s holdings in Occidental Petroleum Corp. were worth $4,703,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Eagle Asset Management Inc. increased its position in Occidental Petroleum Corp. by 3.4% in the third quarter. Eagle Asset Management Inc. now owns 1,453,756 shares of the company’s stock valued at $106,007,000 after buying an additional 48,448 shares during the last quarter. Creative Planning increased its position in Occidental Petroleum Corp. by 64.2% in the third quarter. Creative Planning now owns 66,217 shares of the company’s stock valued at $4,829,000 after buying an additional 25,891 shares during the last quarter. Carroll Financial Associates Inc. increased its position in Occidental Petroleum Corp. by 1.5% in the third quarter. Carroll Financial Associates Inc. now owns 10,325 shares of the company’s stock valued at $752,000 after buying an additional 154 shares during the last quarter. Dynamic Advisors Solutions LLC acquired a new position in Occidental Petroleum Corp. during the third quarter valued at approximately $389,000. Finally, First Financial Bank N.A. Trust Division increased its position in Occidental Petroleum Corp. by 8.2% in the third quarter. First Financial Bank N.A. Trust Division now owns 33,916 shares of the company’s stock valued at $2,473,000 after buying an additional 2,583 shares during the last quarter. 80.47% of the stock is currently owned by institutional investors and hedge funds.

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

Occidental Petroleum Corp. (NYSE:OXY) traded down 1.95% on Monday, reaching $68.39. 3,832,773 shares of the company traded hands. The firm’s market cap is $52.26 billion. The stock has a 50-day moving average price of $70.73 and a 200-day moving average price of $73.97. Occidental Petroleum Corp. has a 52-week low of $58.24 and a 52-week high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last issued its quarterly earnings results on Tuesday, November 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.04. Occidental Petroleum Corp. had a negative net margin of 52.62% and a negative return on equity of 3.43%. The business earned $2.65 billion during the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was down 15.0% on a year-over-year basis. Analysts anticipate that Occidental Petroleum Corp. will post ($0.86) earnings per share for the current fiscal 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 of this dividend is Wednesday, December 7th. This represents a $3.04 annualized dividend and a yield of 4.45%. Occidental Petroleum Corp.’s payout ratio is currently -42.34%.

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Several research firms have commented on OXY. 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. reissued a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Mizuho began coverage on shares of Occidental Petroleum Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $83.00 target price on the stock. Jefferies Group reissued a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. downgraded shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and increased their target price for the stock from $76.11 to $78.00 in a research report on Monday, September 12th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. Occidental Petroleum Corp. presently has a consensus rating of “Hold” and an average target price of $75.74.

In other news, Director Stephen I. Chazen sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $77.64, for a total transaction of $698,760.00. Following the transaction, the director now directly owns 1,673,119 shares in the company, valued at approximately $129,900,959.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William R. Klesse acquired 10,000 shares of the stock in a transaction dated Monday, November 14th. The shares were purchased at an average price of $64.89 per share, for a total transaction of $648,900.00. Following the completion of the purchase, the director now directly owns 47,940 shares in the company, valued at $3,110,826.60. The disclosure for this purchase can be found here. 0.35% of the stock is currently 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.

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