Winslow Evans & Crocker Inc. grew its holdings in Occidental Petroleum Co. (NYSE:OXY) by 24.8% during the second quarter, Holdings Channel.com reports. The firm owned 4,108 shares of the oil and gas producer’s stock after acquiring an additional 816 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Occidental Petroleum were worth $208,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of OXY. Dimensional Fund Advisors LP boosted its holdings in Occidental Petroleum by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,690,890 shares of the oil and gas producer’s stock valued at $410,668,000 after purchasing an additional 331,307 shares during the period. Geode Capital Management LLC boosted its holdings in Occidental Petroleum by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 9,152,375 shares of the oil and gas producer’s stock valued at $560,842,000 after purchasing an additional 316,507 shares during the period. HRT Financial LLC bought a new stake in Occidental Petroleum in the 4th quarter valued at $201,000. Actinver Wealth Management Inc. bought a new stake in Occidental Petroleum in the 4th quarter valued at $305,000. Finally, Pinnacle Bank bought a new stake in Occidental Petroleum in the 4th quarter valued at $28,000. Institutional investors own 81.32% of the company’s stock.
Shares of Occidental Petroleum stock traded up $2.27 during mid-day trading on Thursday, reaching $53.63. 576,851 shares of the stock were exchanged, compared to its average volume of 6,766,877. The company has a market capitalization of $39.78 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 2.96 and a beta of 0.83. The company has a current ratio of 1.23, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $50.57. Occidental Petroleum Co. has a fifty-two week low of $47.00 and a fifty-two week high of $84.55.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, September 10th will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 5.89%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.78. Occidental Petroleum’s dividend payout ratio (DPR) is 62.28%.
OXY has been the subject of a number of research reports. Wells Fargo & Co downgraded shares of Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. TheStreet downgraded shares of Occidental Petroleum from a “b-” rating to a “c+” rating in a report on Friday, May 24th. KeyCorp downgraded shares of Occidental Petroleum from an “overweight” rating to a “sector weight” rating in a report on Wednesday, April 24th. Raymond James set a $80.00 price objective on shares of Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, ValuEngine downgraded shares of Occidental Petroleum from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $74.30.
In related news, insider Vicki A. Hollub acquired 37,460 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $48.15 per share, for a total transaction of $1,803,699.00. Following the transaction, the insider now owns 248,326 shares of the company’s stock, valued at approximately $11,956,896.90. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Oscar K. Brown acquired 15,000 shares of the stock in a transaction on Wednesday, June 12th. The stock was bought at an average price of $48.28 per share, with a total value of $724,200.00. Following the transaction, the insider now directly owns 111,228 shares in the company, valued at approximately $5,370,087.84. The disclosure for this purchase can be found here. Insiders have purchased a total of 80,660 shares of company stock valued at $3,893,851 in the last quarter. 0.15% of the stock is currently owned by corporate insiders.
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 and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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