Occidental Petroleum Corporation (OXY) Holdings Held by Barings LLC

Barings LLC held its position in Occidental Petroleum Corporation (NYSE:OXY) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,875 shares of the oil and gas producer’s stock at the end of the 2nd quarter. Barings LLC’s holdings in Occidental Petroleum Corporation were worth $879,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Glassman Wealth Services lifted its stake in Occidental Petroleum Corporation by 0.3% in the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 8 shares during the period. Partnervest Advisory Services LLC lifted its stake in 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 acquiring an additional 16 shares during the period. Guardian Life Insurance Co. of America lifted 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 worth $187,000 after acquiring an additional 20 shares during the period. Concert Wealth Management Inc. lifted 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 worth $595,000 after acquiring an additional 23 shares during the period. Finally, BerganKDV Wealth Management LLC lifted its stake in Occidental Petroleum Corporation by 0.5% in the second quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after acquiring an additional 23 shares during the period. 80.59% of the stock is owned by institutional investors.

Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The firm’s revenue was up 40.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.18) earnings per share.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s payout ratio is 2,369.23%.

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A number of research firms recently weighed in on OXY. BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. 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. Jefferies Group LLC reiterated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. BMO Capital Markets reiterated a “hold” rating and issued a $65.00 target price on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. Finally, Citigroup Inc. downgraded shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $66.00 to $58.00 in a report on Friday, July 21st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $66.00.

In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the completion of the purchase, the director now directly owns 70,692 shares in the company, valued at $4,353,213.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is 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.

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

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