Occidental Petroleum Corporation (NYSE:OXY) Position Cut by California Public Employees Retirement System

California Public Employees Retirement System decreased its position in Occidental Petroleum Corporation (NYSE:OXY) by 2.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,013,352 shares of the oil and gas producer’s stock after selling 60,300 shares during the period. California Public Employees Retirement System owned 0.26% of Occidental Petroleum Corporation worth $127,566,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Occidental Petroleum Corporation during the fourth quarter worth about $485,263,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Occidental Petroleum Corporation during the fourth quarter worth about $105,914,000. American Century Companies Inc. raised its stake in shares of Occidental Petroleum Corporation by 11.4% in the first quarter. American Century Companies Inc. now owns 9,135,714 shares of the oil and gas producer’s stock worth $578,839,000 after buying an additional 936,625 shares during the period. Swiss National Bank raised its stake in shares of Occidental Petroleum Corporation by 25.6% in the first quarter. Swiss National Bank now owns 2,907,043 shares of the oil and gas producer’s stock worth $184,190,000 after buying an additional 592,000 shares during the period. Finally, Sound Shore Management Inc. CT raised its stake in shares of Occidental Petroleum Corporation by 22.5% in the first quarter. Sound Shore Management Inc. CT now owns 3,216,111 shares of the oil and gas producer’s stock worth $203,773,000 after buying an additional 591,638 shares during the period. Hedge funds and other institutional investors own 81.55% of the company’s stock.

Occidental Petroleum Corporation (OXY) traded down 0.78% on Tuesday, hitting $61.35. 3,230,121 shares of the stock traded hands. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $78.48. The firm has a market cap of $47.13 billion, a price-to-earnings ratio of 423.10 and a beta of 0.65. The stock has a 50-day moving average of $60.44 and a 200-day moving average of $62.86.

Occidental Petroleum Corporation (NYSE:OXY) last announced its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 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 for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the business posted ($0.18) earnings per share. The firm’s revenue was up 40.9% on a year-over-year basis. Analysts forecast that Occidental Petroleum Corporation will post $0.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, September 8th. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 annualized dividend and a yield of 5.02%. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,338.46%.

TRADEMARK VIOLATION WARNING: “Occidental Petroleum Corporation (NYSE:OXY) Position Cut by California Public Employees Retirement System” was originally posted by BBNS and is the sole property of of BBNS. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/occidental-petroleum-corporation-nyseoxy-position-cut-by-california-public-employees-retirement-system-updated-updated-updated/1195079.html.

OXY has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Bank of America Corporation reaffirmed a “buy” rating and set a $80.00 price target (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research note on Thursday, May 11th. Barclays PLC reaffirmed a “sell” rating and set a $50.00 price target (down previously from $62.00) on shares of Occidental Petroleum Corporation in a research note on Thursday, April 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a research note on Friday, May 19th. Finally, Scotiabank reaffirmed a “hold” rating and set a $68.00 price target on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $66.38.

In other Occidental Petroleum Corporation news, Director Stephen I. Chazen sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the transaction, the director now directly owns 1,460,619 shares of the company’s stock, valued at $88,411,268.07. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Cedric W. Burgher purchased 1,700 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was acquired at an average cost of $59.85 per share, for a total transaction of $101,745.00. Following the completion of the purchase, the chief financial officer now owns 44,124 shares of the company’s stock, valued at approximately $2,640,821.40. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

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)

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 our FREE daily email newsletter.

 


Latest News

Umpires Ending Protest Over Incident With Ian Kinsler
Umpires Ending Protest Over Incident With Ian Kinsler
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Kris Bryant Back in Spotlight, Cubs Pushing for Playoff Berth
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Changes to Reduce The Length of Games, MLB Games are Actually Getting Longer
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Despite Hitting Home Run, Judge Sets Longest Game Streak for Strikeouts
Los Angeles Dodgers Move 50 Games Over .500
Los Angeles Dodgers Move 50 Games Over .500
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record


Leave a Reply

 
© 2006-2017 BBNS.