Rational Advisors LLC bought a new position in shares of Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,000 shares of the oil and gas producer’s stock, valued at approximately $419,000.

Other large investors also recently modified their holdings of the company. Ridgewood Investments LLC raised its stake in shares of Occidental Petroleum Corporation by 18.9% in the second quarter. Ridgewood Investments LLC now owns 10,431 shares of the oil and gas producer’s stock worth $625,000 after buying an additional 1,655 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Occidental Petroleum Corporation by 10.2% in the second quarter. Advisors Asset Management Inc. now owns 352,199 shares of the oil and gas producer’s stock worth $21,086,000 after buying an additional 32,631 shares during the period. Dividend Assets Capital LLC raised its stake in shares of Occidental Petroleum Corporation by 31.5% in the second quarter. Dividend Assets Capital LLC now owns 585,066 shares of the oil and gas producer’s stock worth $35,028,000 after buying an additional 140,065 shares during the period. Bourgeon Capital Management LLC raised its stake in shares of Occidental Petroleum Corporation by 10.3% in the second quarter. Bourgeon Capital Management LLC now owns 34,125 shares of the oil and gas producer’s stock worth $2,043,000 after buying an additional 3,200 shares during the period. Finally, Sigma Planning Corp raised its stake in shares of Occidental Petroleum Corporation by 3.9% in the second quarter. Sigma Planning Corp now owns 7,030 shares of the oil and gas producer’s stock worth $421,000 after buying an additional 263 shares during the period. Institutional investors and hedge funds own 80.85% of the company’s stock.

Occidental Petroleum Corporation (NYSE:OXY) opened at 59.17 on Thursday. The company has a market capitalization of $45.24 billion, a PE ratio of 416.69 and a beta of 0.65. The stock has a 50 day moving average of $60.41 and a 200 day moving average of $61.97. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The business had revenue of $3.60 billion during 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%. The firm’s quarterly revenue was up 40.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.18) EPS. On average, equities research analysts predict that Occidental Petroleum Corporation will post $0.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Friday, September 8th. 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%.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/31/7000-shares-in-occidental-petroleum-corporation-oxy-acquired-by-rational-advisors-llc.html.

A number of brokerages have recently issued reports on OXY. Jefferies Group LLC set a $58.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday. Piper Jaffray Companies set a $55.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Friday, August 25th. BidaskClub lowered shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Cowen and Company restated a “buy” rating and issued a $75.00 target price on shares of Occidental Petroleum Corporation in a research note on Tuesday, August 22nd. Finally, Barclays PLC set a $38.00 target price on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.14.

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)

Receive News & Stock Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related stocks with our FREE daily email newsletter.