Parametric Portfolio Associates LLC lifted its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,169,280 shares of the oil and gas producer’s stock after acquiring an additional 19,234 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.28% of Occidental Petroleum worth $139,289,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in shares of Occidental Petroleum during the third quarter worth about $1,426,000. Optimum Investment Advisors purchased a new stake in shares of Occidental Petroleum during the third quarter worth about $200,000. Public Employees Retirement System of Ohio grew its stake in shares of Occidental Petroleum by 0.5% during the third quarter. Public Employees Retirement System of Ohio now owns 530,472 shares of the oil and gas producer’s stock worth $34,062,000 after acquiring an additional 2,497 shares during the last quarter. Wealthsource Partners LLC purchased a new stake in shares of Occidental Petroleum during the third quarter worth about $208,000. Finally, Cetera Advisor Networks LLC boosted its position in Occidental Petroleum by 10.4% in the third quarter. Cetera Advisor Networks LLC now owns 8,878 shares of the oil and gas producer’s stock valued at $570,000 after buying an additional 835 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at $70.62 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $73.51. The company has a market capitalization of $53,988.06, a P/E ratio of 201.57, a price-to-earnings-growth ratio of 14.20 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the firm posted ($0.15) EPS. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. sell-side analysts forecast that Occidental Petroleum Corporation will post 0.76 earnings per share for the current 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 given a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a yield of 4.36%. Occidental Petroleum’s dividend payout ratio is presently 440.00%.

A number of brokerages recently commented on OXY. Piper Jaffray Companies set a $55.00 target price on Occidental Petroleum and gave the company a “hold” rating in a research report on Friday, August 25th. Barclays upped their target price on Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Scotiabank reiterated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Mizuho set a $71.00 target price on Occidental Petroleum and gave the company a “hold” rating in a research report on Friday, November 24th. Finally, ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Occidental Petroleum has a consensus rating of “Hold” and a consensus target price of $66.07.

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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.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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