Occidental Petroleum Corporation (NYSE:OXY) Shares Sold by Whittier Trust Co.

Whittier Trust Co. cut its position in Occidental Petroleum Corporation (NYSE:OXY) by 15.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,020 shares of the oil and gas producer’s stock after selling 2,464 shares during the period. Whittier Trust Co.’s holdings in Occidental Petroleum Corporation were worth $779,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in OXY. Partnervest Advisory Services LLC boosted 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 buying an additional 16 shares in the last quarter. Guardian Life Insurance Co. of America boosted 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 buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. boosted 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 buying an additional 23 shares in the last quarter. BerganKDV Wealth Management LLC boosted 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 buying an additional 23 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. boosted its stake in Occidental Petroleum Corporation by 0.4% in the second quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock worth $348,000 after buying an additional 24 shares in the last quarter. 81.55% of the stock is currently owned by institutional investors.

Occidental Petroleum Corporation (NYSE OXY) opened at 61.35 on Wednesday. The company has a 50-day moving average price of $60.44 and a 200 day moving average price of $62.86. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $78.48. The stock has a market cap of $47.13 billion, a price-to-earnings ratio of 423.10 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the prior year, the company earned ($0.18) EPS. Occidental Petroleum Corporation’s revenue was up 40.9% compared to the same quarter last year. On average, analysts expect that Occidental Petroleum Corporation will post $0.64 earnings per share for the current year.

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

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OXY has been the topic of a number of recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $80.00 price target (down from $83.00) on shares of Occidental Petroleum Corporation in a report on Thursday, May 11th. Cowen and Company reissued a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Tuesday, May 23rd. Credit Suisse Group reissued a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, May 19th. Scotiabank reissued a “hold” rating and set a $68.00 price target on shares of Occidental Petroleum Corporation in a report on Monday, May 15th. Finally, Jefferies Group LLC restated a “hold” rating and set a $70.00 price objective on shares of Occidental Petroleum Corporation in a research report on Monday, May 15th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $66.38.

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

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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