Nwam LLC cut its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 7.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 4,024 shares of the oil and gas producer’s stock after selling 330 shares during the period. Nwam LLC’s holdings in Occidental Petroleum Corporation were worth $241,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of OXY. Harel Insurance Investments & Financial Services Ltd. bought a new position in Occidental Petroleum Corporation during the first quarter valued at $102,000. Parallel Advisors LLC boosted its position in Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after buying an additional 264 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock valued at $120,000 after buying an additional 72 shares in the last quarter. FNY Partners Fund LP bought a new position in Occidental Petroleum Corporation during the first quarter valued at $126,000. Finally, Farmers National Bank bought a new position in Occidental Petroleum Corporation during the first quarter valued at $147,000. 81.42% of the stock is currently owned by institutional investors.

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 58.84 on Tuesday. The company’s 50 day moving average is $60.50 and its 200 day moving average is $62.15. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $78.48. The firm has a market cap of $44.99 billion, a price-to-earnings ratio of 414.37 and a beta of 0.65.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Friday, September 8th. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is 2,338.46%.

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Several research analysts have weighed in on OXY shares. Barclays PLC set a $38.00 price target on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a report on Friday, August 4th. Scotiabank reissued a “hold” rating and issued a $68.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, May 5th. Zacks Investment Research raised shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Citigroup Inc. cut shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their price target for the company from $66.00 to $58.00 in a report on Friday, July 21st. Finally, BMO Capital Markets set a $65.00 price target on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Thursday, May 4th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.38.

In related news, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction on 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 purchase, the director now directly owns 70,692 shares in the company, valued at $4,353,213.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Cedric W. Burgher purchased 1,700 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was bought at an average cost of $59.85 per share, with a total value of $101,745.00. Following the purchase, the chief financial officer now owns 44,124 shares in the company, valued at $2,640,821.40. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

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.

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

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