Today: Today, Occidental Petroleum Corp. (OXY) Position Held by Waverton Investment Management Ltd

Today, Occidental Petroleum Corp. (OXY) Position Held by Waverton Investment Management Ltd

Waverton Investment Management Ltd held its position in Occidental Petroleum Corp. (NYSE:OXY) during the third quarter, according to its most recent filing with the SEC. The firm owned 83,321 shares of the company’s stock at the end of the third quarter. Waverton Investment Management Ltd’s holdings in Occidental Petroleum Corp. were worth $6,076,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Kistler Tiffany Companies LLC boosted its stake in Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock valued at $102,000 after buying an additional 19 shares during the last quarter. First New York Securities LLC NY purchased a new stake in Occidental Petroleum Corp. during the second quarter valued at about $110,000. LSV Asset Management purchased a new stake in Occidental Petroleum Corp. during the second quarter valued at about $111,000. Oakworth Capital Inc. boosted its stake in Occidental Petroleum Corp. by 7.0% in the second quarter. Oakworth Capital Inc. now owns 1,521 shares of the company’s stock valued at $115,000 after buying an additional 100 shares during the last quarter. Finally, SevenBridge Financial Group LLC purchased a new stake in Occidental Petroleum Corp. during the second quarter valued at about $121,000. 80.26% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded down 0.14% on Friday, reaching $69.75. 1,319,206 shares of the company were exchanged. The company has a 50-day moving average price of $70.73 and a 200 day moving average price of $73.97. The stock’s market capitalization is $53.30 billion. Occidental Petroleum Corp. has a 1-year low of $58.24 and a 1-year high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last posted its quarterly earnings data on Tuesday, November 1st. The company reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.04. Occidental Petroleum Corp. had a negative net margin of 52.62% and a negative return on equity of 3.43%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same period in the prior year, the company earned $0.03 EPS. The company’s revenue was down 15.0% compared to the same quarter last year. On average, analysts forecast that Occidental Petroleum Corp. will post ($0.86) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 9th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Wednesday, December 7th. Occidental Petroleum Corp.’s dividend payout ratio is currently -42.34%.

OXY has been the subject of several recent analyst reports. Jefferies Group restated a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, September 8th. Deutsche Bank AG cut shares of Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 price objective for the company. in a research report on Friday, August 5th. JPMorgan Chase & Co. cut shares of Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $76.11 to $78.00 in a research report on Monday, September 12th. They noted that the move was a valuation call. Mizuho initiated coverage on shares of Occidental Petroleum Corp. in a research report on Wednesday, October 5th. They set a “buy” rating and a $83.00 price objective for the company. Finally, restated a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Occidental Petroleum Corp. currently has a consensus rating of “Hold” and an average target price of $75.74.

In other news, Director Stephen I. Chazen sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.12, for a total transaction of $138,240.00. Following the completion of the transaction, the director now owns 1,581,619 shares of the company’s stock, valued at approximately $109,321,505.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen I. Chazen sold 9,000 shares of the company’s stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $77.64, for a total transaction of $698,760.00. Following the transaction, the director now directly owns 1,673,119 shares of the company’s stock, valued at approximately $129,900,959.16. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

Occidental Petroleum Corp. Company Profile

Occidental Petroleum Corporation 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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