Daiwa Securities Group Inc. boosted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,450 shares of the oil and gas producer’s stock after buying an additional 100 shares during the period. Daiwa Securities Group Inc.’s holdings in Occidental Petroleum Corporation were worth $1,464,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of OXY. Partnervest Advisory Services LLC increased its stake in 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 increased its stake in 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. increased its stake in 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 increased its stake in 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. increased its stake in 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. 81.42% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Corporation (NYSE:OXY) opened at 59.16 on Wednesday. The company has a market cap of $45.23 billion, a price-to-earnings ratio of 416.62 and a beta of 0.65. The stock has a 50 day moving average of $60.50 and a 200 day moving average of $62.15. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 annualized dividend and a dividend yield of 5.21%. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,338.46%.

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Several analysts recently issued reports on the stock. Cowen and Company reaffirmed a “buy” rating and set a $75.00 price objective on shares of Occidental Petroleum Corporation in a report on Tuesday. Scotiabank reissued a “hold” rating and issued a $68.00 price target on shares of Occidental Petroleum Corporation in a report on Monday, May 15th. Zacks Investment Research raised shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. 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. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. 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 company. The company presently has an average rating of “Hold” and an average target price of $66.38.

In other news, CFO Cedric W. Burgher bought 1,700 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was acquired at an average price of $59.85 per share, with a total value of $101,745.00. Following the transaction, the chief financial officer now owns 44,124 shares of the company’s stock, valued at approximately $2,640,821.40. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director William R. Klesse bought 10,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were purchased at an average cost of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now directly owns 70,692 shares in the company, valued at approximately $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.

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

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