Occidental Petroleum Corporation (OXY) Shares Bought by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 109,095 shares of the oil and gas producer’s stock after buying an additional 8,282 shares during the period. Janney Montgomery Scott LLC’s holdings in Occidental Petroleum Corporation were worth $6,532,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of the company. Motco boosted its position in Occidental Petroleum Corporation by 0.9% in the first quarter. Motco now owns 82,668 shares of the oil and gas producer’s stock worth $5,238,000 after buying an additional 727 shares during the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Occidental Petroleum Corporation during the first quarter valued at approximately $584,000. Rothschild Investment Corp IL acquired a new position in shares of Occidental Petroleum Corporation during the first quarter valued at approximately $770,000. City Holding Co. boosted its position in shares of Occidental Petroleum Corporation by 17.7% in the first quarter. City Holding Co. now owns 23,435 shares of the oil and gas producer’s stock valued at $1,485,000 after buying an additional 3,525 shares in the last quarter. Finally, Selz Capital LLC acquired a new position in shares of Occidental Petroleum Corporation during the first quarter valued at approximately $4,435,000. 81.42% of the stock is owned by hedge funds and other institutional investors.
Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 59.15 on Friday. The stock has a 50 day moving average of $60.53 and a 200-day moving average of $62.29. The firm has a market capitalization of $45.22 billion, a price-to-earnings ratio of 416.55 and a beta of 0.65. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48.
Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $3.60 billion for 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%. The firm’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.18) earnings per share. On average, equities analysts anticipate that Occidental Petroleum Corporation will post $0.66 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, September 8th. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 5.21%. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,338.46%.
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Several equities analysts have commented on OXY shares. Bank of America Corporation reissued a “buy” rating and issued a $80.00 price target (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Mitsubishi UFJ Financial Group started coverage on shares of Occidental Petroleum Corporation in a research report on Monday, May 29th. They issued a “hold” rating and a $69.00 price target for the company. Cowen and Company reissued a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a research report on Tuesday, May 23rd. Wolfe Research raised shares of Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research cut shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.38.
In related news, CFO Cedric W. Burgher purchased 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The shares were purchased at an average cost of $59.85 per share, with a total value of $101,745.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,124 shares of the company’s stock, valued at approximately $2,640,821.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the completion of the acquisition, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. 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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