Axa decreased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,079 shares of the oil and gas producer’s stock after selling 18,188 shares during the period. Axa’s holdings in Occidental Petroleum were worth $15,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Capital Research Global Investors acquired a new position in shares of Occidental Petroleum in the second quarter worth about $179,610,000. Epoch Investment Partners Inc. boosted its holdings in shares of Occidental Petroleum by 22.0% in the third quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock worth $520,341,000 after buying an additional 1,461,761 shares during the period. Principal Financial Group Inc. lifted its position in shares of Occidental Petroleum by 119.6% in the second quarter. Principal Financial Group Inc. now owns 2,372,784 shares of the oil and gas producer’s stock worth $142,058,000 after purchasing an additional 1,292,162 shares in the last quarter. Federated Investors Inc. PA lifted its position in shares of Occidental Petroleum by 18.0% in the second quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock worth $453,184,000 after purchasing an additional 1,152,152 shares in the last quarter. Finally, Standard Life Investments LTD purchased a new stake in shares of Occidental Petroleum in the second quarter worth approximately $67,920,000. Institutional investors own 80.17% of the company’s stock.

Occidental Petroleum Corporation (NYSE:OXY) opened at $70.90 on Wednesday. The firm has a market cap of $54,309.46, a P/E ratio of 202.77, a P/E/G ratio of 14.29 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $72.96.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities analysts expect that Occidental Petroleum Corporation will post 0.76 EPS for the current year.

The business also recently declared 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. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a yield of 4.34%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 440.00%.

A number of research firms have recently issued reports on OXY. Cowen reissued a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum in a research report on Thursday, September 28th. BMO Capital Markets set a $60.00 price target on shares of Occidental Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Scotiabank reissued a “hold” rating and issued a $64.00 price target on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Mizuho set a $71.00 price target on shares of Occidental Petroleum and gave the stock a “hold” rating in a research report on Friday, November 24th. Finally, Credit Suisse Group began coverage on shares of Occidental Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $62.00 price target for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $65.43.

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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.

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

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