361 Capital LLC acquired a new stake in Occidental Petroleum Corporation (NYSE:OXY) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,217 shares of the oil and gas producer’s stock, valued at approximately $849,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. increased its stake in shares of Occidental Petroleum Corporation by 3,198.5% in the 1st quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock valued at $3,737,692,000 after buying an additional 57,202,942 shares during the period. Vanguard Group Inc. increased its stake in shares of Occidental Petroleum Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock valued at $3,304,357,000 after buying an additional 1,119,588 shares during the period. State Street Corp increased its stake in shares of Occidental Petroleum Corporation by 1.7% in the 1st quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock valued at $2,511,168,000 after buying an additional 681,032 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Occidental Petroleum Corporation by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock valued at $830,010,000 after buying an additional 247,780 shares during the period. Finally, Franklin Resources Inc. increased its stake in shares of Occidental Petroleum Corporation by 1.4% in the 2nd quarter. Franklin Resources Inc. now owns 13,570,361 shares of the oil and gas producer’s stock valued at $812,457,000 after buying an additional 186,703 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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Occidental Petroleum Corporation (NYSE OXY) traded down $0.29 during mid-day trading on Monday, reaching $68.11. The company’s stock had a trading volume of 457,390 shares, compared to its average volume of 4,521,805. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $52,340.00, a price-to-earnings ratio of 195.49, a PEG ratio of 14.57 and a beta of 0.63. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $73.51.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share. sell-side analysts expect that Occidental Petroleum Corporation will post 0.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be issued a $0.77 dividend. The ex-dividend date is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.52%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is 433.80%.

Several equities research analysts have recently commented on OXY shares. Cowen and Company reissued a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research note on Thursday, September 28th. Bank of America Corporation lifted their target price on Occidental Petroleum Corporation from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Goldman Sachs Group, Inc. (The) raised Occidental Petroleum Corporation from a “neutral” rating to a “buy” rating in a research note on Friday. Morgan Stanley lifted their target price on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group LLC set a $64.00 target price on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Occidental Petroleum Corporation has a consensus rating of “Hold” and an average price target of $66.07.

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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