Occidental Petroleum Corporation (NYSE:OXY) Stake Maintained by CNA Financial Corp

CNA Financial Corp continued to hold its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,966 shares of the oil and gas producer’s stock at the end of the first quarter. CNA Financial Corp’s holdings in Occidental Petroleum Corporation were worth $1,582,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Partnervest Advisory Services LLC raised its stake in shares of Occidental Petroleum Corporation by 0.5% in the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 16 shares during the period. Guardian Life Insurance Co. of America raised its stake in Occidental Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock valued at $187,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. raised its stake in Occidental Petroleum Corporation by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock valued at $595,000 after buying an additional 23 shares during the period. Albert D Mason Inc. raised its stake in Occidental Petroleum Corporation by 0.3% in the first quarter. Albert D Mason Inc. now owns 7,688 shares of the oil and gas producer’s stock valued at $487,000 after buying an additional 25 shares during the period. Finally, Ronald Blue & Co. LLC raised its stake in Occidental Petroleum Corporation by 0.3% in the first quarter. Ronald Blue & Co. LLC now owns 9,955 shares of the oil and gas producer’s stock valued at $631,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 81.42% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 59.15 on Friday. The company’s 50-day moving average is $60.53 and its 200-day moving average is $62.29. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The company has a market capitalization of $45.22 billion, a PE ratio of 416.55 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The business’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Equities analysts predict that Occidental Petroleum Corporation will post $0.66 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend is Friday, September 8th. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s payout ratio is currently 2,338.46%.

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Several equities research analysts recently weighed in on OXY shares. Zacks Investment Research lowered shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Bank of America Corporation reiterated a “buy” rating and set a $80.00 price objective (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research note on Thursday, May 11th. Cowen and Company set a $75.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Credit Suisse Group reiterated a “buy” rating and set a $80.00 price objective on shares of Occidental Petroleum Corporation in a research note on Friday, May 19th. Finally, Scotiabank reiterated a “hold” rating and set a $68.00 price objective on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $66.38.

In other Occidental Petroleum Corporation news, Director William R. Klesse acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the transaction, the director now directly owns 70,692 shares in the company, valued at approximately $4,353,213.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Cedric W. Burgher acquired 1,700 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was acquired at an average cost of $59.85 per share, for a total transaction of $101,745.00. Following the transaction, the chief financial officer now owns 44,124 shares of the company’s stock, valued at $2,640,821.40. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.

Occidental Petroleum Corporation 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.

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

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