Occidental Petroleum Corporation (OXY) Holdings Trimmed by Security National Trust Co.
Security National Trust Co. lowered its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 30.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,517 shares of the oil and gas producer’s stock after selling 2,000 shares during the period. Security National Trust Co.’s holdings in Occidental Petroleum Corporation were worth $290,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. raised its stake in Occidental Petroleum Corporation by 3,198.5% during the first quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock worth $3,737,692,000 after purchasing an additional 57,202,942 shares during the period. Vanguard Group Inc. raised its stake in Occidental Petroleum Corporation by 2.1% during the second quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock worth $3,304,357,000 after purchasing an additional 1,119,588 shares during the period. State Street Corp raised its stake in Occidental Petroleum Corporation by 1.7% during the first quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock worth $2,511,168,000 after purchasing an additional 681,032 shares during the period. Bank of New York Mellon Corp raised its stake in Occidental Petroleum Corporation by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock worth $830,010,000 after purchasing an additional 247,780 shares during the period. Finally, Franklin Resources Inc. raised 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 acquiring an additional 186,703 shares during the period. 80.82% of the stock is currently owned by institutional investors.
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A number of equities analysts have recently commented on the stock. 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. Mizuho reissued a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum Corporation in a research note on Friday, November 3rd. BMO Capital Markets set a $60.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. 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. Finally, Jefferies Group LLC set a $64.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.07.
Shares of Occidental Petroleum Corporation (NYSE OXY) traded up $1.23 during mid-day trading on Monday, reaching $68.40. 5,513,600 shares of the company’s stock traded hands, compared to its average volume of 4,521,805. The firm has a market cap of $52,340.00, a price-to-earnings ratio of 195.49, a P/E/G ratio of 14.57 and a beta of 0.63. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. 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 announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business earned ($0.15) EPS. equities research analysts predict that Occidental Petroleum Corporation will post 0.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.50%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio is currently 433.80%.
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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