Occidental Petroleum Co. (NYSE:OXY) Director Eugene L. Batchelder acquired 9,100 shares of the stock in a transaction dated Monday, June 10th. The stock was bought at an average price of $48.11 per share, for a total transaction of $437,801.00. Following the completion of the purchase, the director now owns 45,148 shares in the company, valued at approximately $2,172,070.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

NYSE OXY traded down $0.83 during trading hours on Wednesday, reaching $48.22. 1,339,174 shares of the company’s stock were exchanged, compared to its average volume of 7,843,024. The firm has a market cap of $35.82 billion, a PE ratio of 9.62, a price-to-earnings-growth ratio of 2.46 and a beta of 0.86. Occidental Petroleum Co. has a one year low of $47.00 and a one year high of $86.60. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $4.02 billion. Occidental Petroleum had a return on equity of 17.70% and a net margin of 21.17%. Occidental Petroleum’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. As a group, equities analysts expect that Occidental Petroleum Co. will post 3.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.12 dividend on an annualized basis and a yield of 6.47%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 62.28%.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc lifted its holdings in Occidental Petroleum by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 62,477,713 shares of the oil and gas producer’s stock worth $5,133,793,000 after buying an additional 1,370,841 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Occidental Petroleum by 24.1% during the 1st quarter. Wellington Management Group LLP now owns 12,115,645 shares of the oil and gas producer’s stock worth $802,056,000 after buying an additional 2,353,220 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in Occidental Petroleum by 5.3% during the 1st quarter. Macquarie Group Ltd. now owns 10,680,974 shares of the oil and gas producer’s stock worth $707,080,000 after buying an additional 534,297 shares in the last quarter. Northern Trust Corp lifted its holdings in Occidental Petroleum by 2.6% during the 4th quarter. Northern Trust Corp now owns 9,890,631 shares of the oil and gas producer’s stock worth $607,087,000 after buying an additional 246,720 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Occidental Petroleum by 4.2% during the 1st quarter. Geode Capital Management LLC now owns 9,535,332 shares of the oil and gas producer’s stock worth $630,028,000 after buying an additional 382,957 shares in the last quarter. 81.77% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on OXY. Raymond James set a $80.00 price objective on Occidental Petroleum and gave the company a “buy” rating in a research note on Thursday, May 23rd. TheStreet lowered Occidental Petroleum from a “b-” rating to a “c+” rating in a research note on Friday, May 24th. Oppenheimer began coverage on Occidental Petroleum in a research note on Wednesday, March 27th. They issued a “market perform” rating on the stock. Zacks Investment Research upgraded Occidental Petroleum from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their price objective on Occidental Petroleum to $76.00 in a research note on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.30.

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About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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