Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Occidental Petroleum Corporation (NYSE:OXY) by 16.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,019 shares of the oil and gas producer’s stock after buying an additional 37,039 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Occidental Petroleum Corporation were worth $16,632,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Occidental Petroleum Corporation by 3,198.5% in the first 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Occidental Petroleum Corporation by 2.1% in the second 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 in the last quarter. State Street Corp grew its stake in shares of Occidental Petroleum Corporation by 1.7% in the first 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Occidental Petroleum Corporation by 1.8% in the second 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 in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Occidental Petroleum Corporation by 1.4% in the second 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 in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

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Occidental Petroleum Corporation (OXY) traded up $0.07 during trading on Wednesday, reaching $67.88. The company’s stock had a trading volume of 2,972,600 shares, compared to its average volume of 4,513,300. Occidental Petroleum Corporation has a 1 year low of $57.20 and a 1 year high of $73.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. The company has a market capitalization of $51,891.29, a PE ratio of 193.74, a PEG ratio of 14.44 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.13 billion. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.15) earnings per share. research analysts forecast 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 dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 440.00%.

OXY has been the subject of several research reports. Barclays PLC raised their price target on Occidental Petroleum Corporation from $45.00 to $47.00 and gave the company an “underweight” rating in a report on Monday. Mizuho reaffirmed a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, November 3rd. Scotiabank reaffirmed a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a report on Wednesday. Jefferies Group LLC raised their price target on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company a “hold” rating in a report on Friday, November 3rd. Finally, Goldman Sachs Group, Inc. (The) raised Occidental Petroleum Corporation from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $66.80.

Occidental Petroleum Corporation 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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