New York State Common Retirement Fund increased its position in Occidental Petroleum Corporation (NYSE:OXY) by 0.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,258,100 shares of the oil and gas producer’s stock after purchasing an additional 8,000 shares during the period. New York State Common Retirement Fund owned 0.30% of Occidental Petroleum worth $144,993,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Glassman Wealth Services lifted its holdings in Occidental Petroleum by 0.3% in the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 8 shares during the last quarter. Good Life Advisors LLC lifted its holdings in Occidental Petroleum by 0.8% in the second quarter. Good Life Advisors LLC now owns 7,401 shares of the oil and gas producer’s stock worth $436,000 after acquiring an additional 58 shares during the last quarter. Savant Capital LLC lifted its holdings in Occidental Petroleum by 1.5% in the second quarter. Savant Capital LLC now owns 5,154 shares of the oil and gas producer’s stock worth $309,000 after acquiring an additional 77 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Occidental Petroleum by 0.4% in the second quarter. Daiwa Securities Group Inc. now owns 24,450 shares of the oil and gas producer’s stock worth $1,464,000 after acquiring an additional 100 shares during the last quarter. Finally, Financial Architects Inc lifted its holdings in Occidental Petroleum by 2.6% in the second quarter. Financial Architects Inc now owns 4,025 shares of the oil and gas producer’s stock worth $241,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 80.33% of the company’s stock.

A number of equities analysts have issued reports on the stock. Cowen reissued a “buy” rating and issued a $75.00 target price on shares of Occidental Petroleum in a report on Tuesday, August 22nd. Mizuho reissued a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a report on Friday, November 3rd. Bank of America raised their target price on shares of Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $67.27.

Occidental Petroleum Corporation (NYSE:OXY) traded down $0.25 on Friday, hitting $70.24. The stock had a trading volume of 4,970,000 shares, compared to its average volume of 4,700,000. The company has a market capitalization of $53,550.00, a PE ratio of 201.43, a PEG ratio of 14.30 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 (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, beating the Zacks’ 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 had a return on equity of 1.31% and a net margin of 4.33%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.15) earnings per share. equities analysts forecast that Occidental Petroleum Corporation will post 0.76 earnings per share for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.38%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 433.80%.

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About Occidental Petroleum

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 (NYSE:OXY)

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