Westpac Banking Corp Has $6.18 Million Holdings in Occidental Petroleum Corporation (OXY)

Westpac Banking Corp raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,252 shares of the oil and gas producer’s stock after acquiring an additional 635 shares during the quarter. Westpac Banking Corp’s holdings in Occidental Petroleum Corporation were worth $6,182,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its holdings in shares of Occidental Petroleum Corporation by 0.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 24,660 shares of the oil and gas producer’s stock valued at $1,562,000 after buying an additional 150 shares during the last quarter. Argent Capital Management LLC raised its holdings in shares of Occidental Petroleum Corporation by 2.9% in the first quarter. Argent Capital Management LLC now owns 286,222 shares of the oil and gas producer’s stock valued at $18,135,000 after buying an additional 8,043 shares during the last quarter. BP PLC bought a new position in shares of Occidental Petroleum Corporation in the second quarter valued at about $5,210,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Occidental Petroleum Corporation by 10.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 182,706 shares of the oil and gas producer’s stock valued at $11,576,000 after buying an additional 17,623 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Occidental Petroleum Corporation by 1.9% in the first quarter. Vanguard Group Inc. now owns 54,072,614 shares of the oil and gas producer’s stock valued at $3,426,042,000 after buying an additional 983,992 shares during the last quarter. 80.85% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on OXY shares. Cowen and Company reaffirmed a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Tuesday, May 23rd. Credit Suisse Group reaffirmed a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, May 19th. Scotiabank reaffirmed a “hold” rating and issued a $68.00 price target on shares of Occidental Petroleum Corporation in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 price target on shares of Occidental Petroleum Corporation in a report on Monday, May 15th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $65.00 price target on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. Occidental Petroleum Corporation currently has a consensus rating of “Hold” and an average target price of $65.14.

In related news, Director William R. Klesse acquired 10,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was bought 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 of the company’s stock, valued at $4,353,213.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.themarketsdaily.com/2017/09/12/westpac-banking-corp-has-6-18-million-holdings-in-occidental-petroleum-corporation-oxy.html.

Occidental Petroleum Corporation (NYSE:OXY) opened at 60.41 on Tuesday. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $75.60. The firm has a market capitalization of $46.19 billion, a price-to-earnings ratio of 425.42 and a beta of 0.66. The stock’s 50 day moving average price is $60.57 and its 200 day moving average price is $61.42.

Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results 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 firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business’s quarterly revenue was up 40.9% on a year-over-year basis. During the same period last year, the company earned ($0.18) earnings per share. On average, equities analysts anticipate that Occidental Petroleum Corporation will post $0.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 5.10%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 2,369.23%.

About Occidental Petroleum Corporation

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)

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply