Robeco Institutional Asset Management B.V. grew its holdings in Occidental Petroleum Co. (NYSE:OXY) by 19.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,626,409 shares of the oil and gas producer’s stock after buying an additional 263,621 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.21% of Occidental Petroleum worth $133,805,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Standard Life Aberdeen plc increased its position in shares of Occidental Petroleum by 1,541.0% during the second quarter. Standard Life Aberdeen plc now owns 7,584,578 shares of the oil and gas producer’s stock worth $634,716,000 after purchasing an additional 7,122,373 shares in the last quarter. FMR LLC increased its position in shares of Occidental Petroleum by 232.5% during the second quarter. FMR LLC now owns 6,049,152 shares of the oil and gas producer’s stock worth $506,194,000 after purchasing an additional 4,230,065 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Occidental Petroleum by 9.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,735,322 shares of the oil and gas producer’s stock worth $479,928,000 after purchasing an additional 490,346 shares in the last quarter. Levin Capital Strategies L.P. increased its position in shares of Occidental Petroleum by 11.8% during the third quarter. Levin Capital Strategies L.P. now owns 3,365,150 shares of the oil and gas producer’s stock worth $276,514,000 after purchasing an additional 356,312 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Occidental Petroleum during the second quarter worth approximately $241,052,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were acquired at an average price of $78.55 per share, with a total value of $392,750.00. Following the purchase, the director now directly owns 77,963 shares in the company, valued at approximately $6,123,993.65. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.
Several analysts recently commented on OXY shares. Morgan Stanley dropped their price target on Occidental Petroleum from $100.00 to $96.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Edward Jones upgraded Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Bank of America boosted their price target on Occidental Petroleum from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. National Alliance Securities upgraded Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Finally, Zacks Investment Research upgraded Occidental Petroleum from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Wednesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $84.00.
NYSE OXY opened at $73.55 on Friday. The firm has a market cap of $55.66 billion, a price-to-earnings ratio of 82.64, a P/E/G ratio of 2.01 and a beta of 0.80. The company has a current ratio of 1.33, a quick ratio of 1.19 and a debt-to-equity ratio of 0.47. Occidental Petroleum Co. has a fifty-two week low of $62.47 and a fifty-two week high of $87.67.
Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Monday, November 5th. The oil and gas producer reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.26. The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $4.60 billion. Occidental Petroleum had a return on equity of 15.43% and a net margin of 22.19%. The firm’s revenue for the quarter was up 98.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. Equities analysts anticipate that Occidental Petroleum Co. will post 5.18 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 10th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Friday, December 7th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 350.56%.
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Occidental Petroleum Company Profile
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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