EagleClaw Capital Managment LLC Has $299,000 Stake in Occidental Petroleum Corporation (OXY)
EagleClaw Capital Managment LLC continued to hold its position in shares of Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,984 shares of the oil and gas producer’s stock at the close of the second quarter. EagleClaw Capital Managment LLC’s holdings in Occidental Petroleum Corporation were worth $299,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Occidental Petroleum Corporation in the first quarter worth $102,000. Grove Bank & Trust grew its holdings in 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 worth $105,000 after purchasing an additional 622 shares during the last quarter. Oakworth Capital Inc. grew its holdings in 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 worth $117,000 after purchasing an additional 250 shares during the last quarter. Parallel Advisors LLC grew its holdings 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 worth $118,000 after purchasing an additional 264 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new position in Occidental Petroleum Corporation in the first quarter worth $126,000. 80.59% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on OXY. Cowen and Company reaffirmed a “buy” rating and issued a $75.00 price target on shares of Occidental Petroleum Corporation in a report on Tuesday, August 22nd. Wolfe Research raised shares of Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Zacks Investment Research lowered shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reissued a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. Finally, Scotiabank reissued a “hold” rating and set a $60.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $65.86.
In other Occidental Petroleum Corporation news, Director William R. Klesse acquired 10,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were bought at an average cost of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.
Occidental Petroleum Corporation (NYSE OXY) traded down 0.31% during midday trading on Wednesday, reaching $64.30. 675,951 shares of the company’s stock traded hands. The company has a market capitalization of $49.16 billion, a PE ratio of 428.67 and a beta of 0.67. The firm’s 50 day moving average price is $61.96 and its 200-day moving average price is $61.31. Occidental Petroleum Corporation has a 1-year low of $57.20 and a 1-year high of $75.60.
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, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $3 billion. During the same period last year, the firm posted ($0.18) EPS. Occidental Petroleum Corporation’s revenue for the quarter was up 40.9% on a year-over-year basis. Equities analysts expect that Occidental Petroleum Corporation will post $0.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s payout ratio is currently 2,369.23%.
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.
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