HighPoint Advisor Group LLC held its stake in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,237 shares of the oil and gas producer’s stock at the end of the second quarter. HighPoint Advisor Group LLC’s holdings in Occidental Petroleum Corporation were worth $511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Piedmont Investment Advisors LLC grew its stake in shares of Occidental Petroleum Corporation by 0.9% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 163,314 shares of the oil and gas producer’s stock worth $9,778,000 after buying an additional 1,421 shares in the last quarter. Robecosam AG grew its stake in shares of Occidental Petroleum Corporation by 28.2% in the 2nd quarter. Robecosam AG now owns 72,282 shares of the oil and gas producer’s stock worth $4,322,000 after buying an additional 15,892 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Occidental Petroleum Corporation by 13,330.2% in the 2nd quarter. Sterling Capital Management LLC now owns 909,357 shares of the oil and gas producer’s stock worth $54,443,000 after buying an additional 902,586 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Occidental Petroleum Corporation by 2.6% in the 2nd quarter. Westwood Holdings Group Inc. now owns 10,728 shares of the oil and gas producer’s stock worth $642,000 after buying an additional 273 shares in the last quarter. Finally, BB&T Investment Services Inc. purchased a new position in shares of Occidental Petroleum Corporation in the 2nd quarter worth $1,377,000. 80.59% of the stock is owned by institutional investors and hedge funds.

Shares of Occidental Petroleum Corporation (OXY) traded up 0.83% during midday trading on Friday, reaching $64.75. 1,162,051 shares of the company were exchanged. The firm has a market capitalization of $49.51 billion, a P/E ratio of 455.99 and a beta of 0.67. The firm has a 50-day moving average of $62.24 and a 200 day moving average of $61.35. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $75.60.

Occidental Petroleum Corporation (NYSE:OXY) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company 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%. Occidental Petroleum Corporation’s revenue was up 40.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) earnings per share. On average, equities research analysts expect that Occidental Petroleum Corporation will post $0.67 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,369.23%.

In related news, Director William R. Klesse bought 10,000 shares of the stock in a transaction on 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 completion of the purchase, the director now directly owns 70,692 shares in the company, valued at approximately $4,353,213.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

A number of brokerages have commented on OXY. Cowen and Company reissued a “buy” rating and issued a $75.00 price objective on shares of Occidental Petroleum Corporation in a research note on Tuesday, August 22nd. Wolfe Research raised shares of Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Zacks Investment Research cut shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Bank of America Corporation lifted their price objective on shares of Occidental Petroleum Corporation from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum Corporation in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $65.71.

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

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