Occidental Petroleum Corporation (NYSE:OXY) Shares Sold by Atlas Brown Inc.

Atlas Brown Inc. decreased its position in Occidental Petroleum Corporation (NYSE:OXY) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,802 shares of the oil and gas producer’s stock after selling 163 shares during the period. Atlas Brown Inc.’s holdings in Occidental Petroleum Corporation were worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Occidental Petroleum Corporation during the first quarter worth approximately $102,000. Parallel Advisors LLC boosted its position in shares of Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after buying an additional 264 shares in the last quarter. Mosaic Family Wealth LLC boosted its position in shares of Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 72 shares in the last quarter. FNY Partners Fund LP acquired a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $126,000. Finally, Farmers National Bank acquired a new position in Occidental Petroleum Corporation during the first quarter valued at approximately $147,000. Institutional investors own 81.42% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded up 0.39% during midday trading on Friday, hitting $59.15. The stock had a trading volume of 4,042,915 shares. The stock has a market cap of $45.22 billion, a PE ratio of 416.55 and a beta of 0.65. The stock has a 50-day moving average of $60.53 and a 200 day moving average of $62.29. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating the 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%. Occidental Petroleum Corporation’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) earnings per share. Analysts anticipate that Occidental Petroleum Corporation will post $0.66 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 5.21%. This is a boost 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 research firms recently commented on OXY. Scotiabank reiterated a “hold” rating and issued a $68.00 price target on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Zacks Investment Research upgraded Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BMO Capital Markets set a $65.00 price objective on Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Thursday, May 4th. Jefferies Group LLC reissued a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. Finally, BidaskClub raised Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. Occidental Petroleum Corporation currently has a consensus rating of “Hold” and an average target price of $66.38.

In related news, Director William R. Klesse bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average cost of $61.58 per share, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Cedric W. Burgher bought 1,700 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were bought at an average price of $59.85 per share, with a total value of $101,745.00. Following the completion of 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. 0.32% of the stock is currently owned by insiders.

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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