Occidental Petroleum Corporation (OXY) Holdings Boosted by Bronfman E.L. Rothschild L.P.
Bronfman E.L. Rothschild L.P. raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 7.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,455 shares of the oil and gas producer’s stock after purchasing an additional 320 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Occidental Petroleum Corporation were worth $267,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Occidental Petroleum Corporation in the first quarter valued at about $102,000. Grove Bank & Trust raised its position in shares of Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 622 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after buying an additional 250 shares during the last quarter. Parallel Advisors LLC raised its position in shares of 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 during the last quarter. Finally, Mosaic Family Wealth LLC raised its position in shares of 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 during the last quarter. 80.85% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have recently commented on OXY. Zacks Investment Research cut shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. 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 report on Tuesday, August 29th. 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 report on Friday, August 25th. BidaskClub cut shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Cowen and Company reiterated a “buy” rating and issued a $75.00 target price on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $65.14.
Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 60.41 on Tuesday. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $75.60. The company’s 50-day moving average is $60.57 and its 200 day moving average is $61.42. The firm has a market capitalization of $46.19 billion, a PE ratio of 425.42 and a beta of 0.66.
Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. 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 company posted ($0.18) EPS. The company’s quarterly revenue was up 40.9% compared to the same quarter last year. Equities analysts expect that Occidental Petroleum Corporation will post $0.67 earnings per share for the current fiscal year.
The business 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 dividend of $0.77 per share. 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 5.10%. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,369.23%.
In related news, Director William R. Klesse acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was bought 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 approximately $4,353,213.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.32% of the company’s stock.
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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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