B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund Maintains Stake in Occidental Petroleum Corporation (OXY)

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund held its position in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,331 shares of the oil and gas producer’s stock at the end of the second quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Occidental Petroleum Corporation were worth $259,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Partnervest Advisory Services LLC boosted its holdings 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 purchasing an additional 16 shares during the period. Guardian Life Insurance Co. of America boosted its holdings 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 purchasing an additional 20 shares during the period. Concert Wealth Management Inc. boosted its holdings 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 purchasing an additional 23 shares during the period. BerganKDV Wealth Management LLC boosted its holdings 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 purchasing an additional 23 shares during the period. Finally, Glenview State Bank Trust DEPT. boosted its holdings 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 purchasing an additional 24 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

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In related news, Director William R. Klesse bought 10,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were purchased at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the purchase, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Occidental Petroleum Corporation (NYSE:OXY) opened at 62.94 on Friday. The stock has a market cap of $48.12 billion, a PE ratio of 443.24 and a beta of 0.66. The company has a 50-day moving average price of $60.57 and a 200-day moving average price of $61.24. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $75.60.

Occidental Petroleum Corporation (NYSE:OXY) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. The company’s quarterly revenue was up 40.9% on a year-over-year basis. Analysts anticipate that Occidental Petroleum Corporation will post $0.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be paid a $0.77 dividend. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 annualized dividend and a yield of 4.89%. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,369.23%.

Several equities analysts have recently issued reports on OXY shares. Zacks Investment Research downgraded shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. BidaskClub raised shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets reissued a “hold” rating and set a $65.00 price target 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 price target for the company from $66.00 to $58.00 in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $65.14.

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)

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