Trading Report: The Investors Capital Advisory Services Reached $375,000 position of Occidental Petroleum Corp. (OXY)

The Investors Capital Advisory Services Reached $375,000 position  of Occidental Petroleum Corp. (OXY)

Investors Capital Advisory Services boosted its stake in shares of Occidental Petroleum Corp. (NYSE:OXY) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,972 shares of the company’s stock after buying an additional 3 shares during the period. Investors Capital Advisory Services’ holdings in Occidental Petroleum Corp. were worth $375,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Hermes Investment Management Ltd. increased its position in Occidental Petroleum Corp. by 21.8% in the second quarter. Hermes Investment Management Ltd. now owns 209,801 shares of the company’s stock valued at $15,853,000 after buying an additional 37,600 shares during the last quarter. Boston Private Wealth LLC increased its position in Occidental Petroleum Corp. by 6.3% in the second quarter. Boston Private Wealth LLC now owns 369,309 shares of the company’s stock valued at $27,905,000 after buying an additional 21,903 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Occidental Petroleum Corp. by 0.5% in the second quarter. Cullen Frost Bankers Inc. now owns 302,940 shares of the company’s stock valued at $22,890,000 after buying an additional 1,525 shares during the last quarter. Confluence Investment Management LLC increased its position in Occidental Petroleum Corp. by 7.4% in the second quarter. Confluence Investment Management LLC now owns 134,076 shares of the company’s stock valued at $10,131,000 after buying an additional 9,217 shares during the last quarter. Finally, National Pension Service increased its position in Occidental Petroleum Corp. by 4.3% in the first quarter. National Pension Service now owns 413,416 shares of the company’s stock valued at $28,290,000 after buying an additional 16,931 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Shares of Occidental Petroleum Corp. (NYSE:OXY) traded down 0.22% on Friday, reaching $73.63. The company had a trading volume of 5,822,963 shares. Occidental Petroleum Corp. has a one year low of $58.24 and a one year high of $78.48. The company’s 50-day moving average is $72.88 and its 200-day moving average is $74.92. The company’s market capitalization is $56.25 billion.

Occidental Petroleum Corp. (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The firm earned $2.53 billion during the quarter, compared to analyst estimates of $2.73 billion. Occidental Petroleum Corp. had a negative net margin of 71.82% and a negative return on equity of 2.64%. The business’s revenue for the quarter was down 27.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.21 EPS. Equities research analysts predict that Occidental Petroleum Corp. will post ($0.80) earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 4.13%. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is currently -29.57%.

Several equities analysts have recently commented on OXY shares. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $72.00 target price on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. JPMorgan Chase & Co. downgraded Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and upped their target price for the company from $76.11 to $78.00 in a research report on Monday, September 12th. They noted that the move was a valuation call. Mizuho assumed coverage on Occidental Petroleum Corp. in a research report on Wednesday, October 5th. They issued a “buy” rating and a $83.00 target price on the stock. Jefferies Group reissued a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, September 8th. Finally, Raymond James Financial Inc. downgraded Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 price target on the stock. in a research report on Thursday, July 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Occidental Petroleum Corp. has a consensus rating of “Hold” and an average target price of $76.26.

In other news, Director Stephen I. Chazen sold 9,000 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $74.36, for a total transaction of $669,240.00. Following the completion of the transaction, the director now directly owns 1,610,119 shares in the company, valued at approximately $119,728,448.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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