Occidental Petroleum Corporation $OXY Shares Purchased by Mather Group LLC.

Mather Group LLC. raised its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,213 shares of the oil and gas producer’s stock after purchasing an additional 973 shares during the period. Mather Group LLC.’s holdings in Occidental Petroleum were worth $513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Occidental Petroleum during the first quarter worth approximately $1,274,000. Kestra Private Wealth Services LLC increased its position in shares of Occidental Petroleum by 5.6% in the first quarter. Kestra Private Wealth Services LLC now owns 17,086 shares of the oil and gas producer’s stock worth $843,000 after acquiring an additional 906 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Occidental Petroleum by 9.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,596,699 shares of the oil and gas producer’s stock worth $78,813,000 after acquiring an additional 140,528 shares in the last quarter. swisspartners Advisors Ltd acquired a new stake in shares of Occidental Petroleum in the first quarter worth $6,006,000. Finally, Blackhawk Capital Partners LLC. acquired a new stake in shares of Occidental Petroleum in the first quarter worth $344,000. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Trading Up 0.2%

NYSE OXY opened at $47.00 on Friday. The company’s fifty day moving average price is $45.31 and its two-hundred day moving average price is $43.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $56.49. The company has a market capitalization of $46.27 billion, a price-to-earnings ratio of 27.81 and a beta of 1.04.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.29 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Wednesday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 56.80%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OXY shares. Melius started coverage on shares of Occidental Petroleum in a research report on Wednesday, August 20th. They issued a “hold” rating and a $64.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Occidental Petroleum from $47.00 to $46.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Scotiabank increased their price objective on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Friday, July 11th. UBS Group raised their price target on shares of Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Monday, September 15th. Finally, Melius Research initiated coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They set a “hold” rating and a $64.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Occidental Petroleum has a consensus rating of “Hold” and a consensus price target of $54.70.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.