Psagot Investment House Ltd. Has $1,748,000 Holdings in Occidental Petroleum Corporation (OXY)

Psagot Investment House Ltd. held its stake in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,194 shares of the oil and gas producer’s stock at the end of the second quarter. Psagot Investment House Ltd.’s holdings in Occidental Petroleum Corporation were worth $1,748,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OXY. BlackRock Inc. grew its stake in Occidental Petroleum Corporation by 3,198.5% in the 1st quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock valued at $3,737,692,000 after purchasing an additional 57,202,942 shares during the period. Capital Research Global Investors bought a new position in Occidental Petroleum Corporation in the 2nd quarter valued at $179,610,000. Morgan Stanley grew its stake in Occidental Petroleum Corporation by 22.1% in the 1st quarter. Morgan Stanley now owns 9,249,261 shares of the oil and gas producer’s stock valued at $586,034,000 after purchasing an additional 1,672,384 shares during the period. Principal Financial Group Inc. grew its stake in Occidental Petroleum Corporation by 119.6% in the 2nd quarter. Principal Financial Group Inc. now owns 2,372,784 shares of the oil and gas producer’s stock valued at $142,058,000 after purchasing an additional 1,292,162 shares during the period. Finally, Federated Investors Inc. PA grew its stake in Occidental Petroleum Corporation by 18.0% in the 2nd quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock valued at $453,184,000 after purchasing an additional 1,152,152 shares during the period. Hedge funds and other institutional investors own 80.59% of the company’s stock.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Occidental Petroleum Corporation’s revenue for the quarter was up 40.9% on a year-over-year basis.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,369.23%.

A number of research analysts have issued reports on the company. Jefferies Group LLC restated a “hold” rating and issued a $58.00 price objective on shares of Occidental Petroleum Corporation in a research note on Friday, October 6th. BMO Capital Markets set a $60.00 price objective on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday. Cowen and Company restated a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum Corporation in a research note on Thursday, September 28th. Barclays PLC upped their price objective on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Scotiabank restated a “hold” rating and issued a $60.00 price objective on shares of Occidental Petroleum Corporation in a research note on Friday, June 30th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $66.00.

In related news, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the acquisition, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

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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)

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