Chevy Chase Trust Holdings Inc. lifted its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 1.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 672,699 shares of the oil and gas producer’s stock after acquiring an additional 7,816 shares during the quarter. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of Occidental Petroleum worth $43,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Grove Bank & Trust raised its holdings in shares of Occidental Petroleum by 54.8% during the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 622 shares in the last quarter. Oakworth Capital Inc. raised its holdings in shares of Occidental Petroleum by 14.7% during the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 250 shares in the last quarter. Fis Group Inc. bought a new position in shares of Occidental Petroleum during the third quarter valued at approximately $126,000. Enterprise Financial Services Corp raised its holdings in shares of Occidental Petroleum by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 806 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Occidental Petroleum by 14.2% during the second quarter. Parallel Advisors LLC now owns 2,240 shares of the oil and gas producer’s stock valued at $139,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 80.34% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at $68.87 on Friday. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $73.51. The company has a market capitalization of $53,115.68, a price-to-earnings ratio of 198.31, a PEG ratio of 14.08 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm posted ($0.15) earnings per share. The company’s quarterly revenue was up 13.3% on a year-over-year basis. equities research analysts anticipate that Occidental Petroleum Corporation will post 0.76 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be given a dividend of $0.77 per share. The ex-dividend date is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.47%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 440.00%.

Several equities research analysts recently weighed in on OXY shares. Cowen reaffirmed a “buy” rating and issued a $75.00 price target on shares of Occidental Petroleum in a research note on Tuesday, August 22nd. BidaskClub cut Occidental Petroleum from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $55.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research note on Friday, August 25th. Jefferies Group set a $58.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research note on Tuesday, August 29th. Finally, Zacks Investment Research cut Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $67.27.

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Occidental Petroleum 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 (NYSE:OXY)

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