Klingenstein Fields & Co. LLC held its stake in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,970 shares of the oil and gas producer’s stock at the end of the second quarter. Klingenstein Fields & Co. LLC’s holdings in Occidental Petroleum Corporation were worth $357,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Partnervest Advisory Services LLC boosted its position in shares of 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 valued at $209,000 after buying an additional 16 shares in the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of 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 valued at $187,000 after buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. boosted its position in shares of 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 valued at $595,000 after buying an additional 23 shares in the last quarter. BerganKDV Wealth Management LLC boosted its position in shares of 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 valued at $296,000 after buying an additional 23 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. boosted its position in shares of 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 valued at $348,000 after buying an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

Occidental Petroleum Corporation (NYSE:OXY) opened at 59.15 on Monday. The firm has a market capitalization of $45.22 billion, a price-to-earnings ratio of 416.55 and a beta of 0.65. The company has a 50-day moving average price of $60.53 and a 200 day moving average price of $62.29. Occidental Petroleum Corporation has a 1-year low of $57.20 and a 1-year high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Equities analysts anticipate that Occidental Petroleum Corporation will post $0.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders 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 represents a $3.08 dividend on an annualized basis and a dividend yield of 5.21%. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,338.46%.

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Several equities analysts recently issued reports on the company. Barclays PLC set a $38.00 price objective on Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price objective on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. Scotiabank reaffirmed a “hold” rating and set a $60.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 30th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Occidental Petroleum Corporation in a report on Monday, May 29th. They set a “hold” rating and a $69.00 price objective for the company. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $66.38.

In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher bought 1,700 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, June 7th. The stock was bought at an average price of $59.85 per share, for a total transaction 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 $2,640,821.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William R. Klesse bought 10,000 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following 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. 0.32% of the stock is owned by corporate insiders.

About Occidental Petroleum Corporation

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.

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

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