2 weeks Ago By ABMN Staff
Magnolia Capital Advisors LLC bought a new stake in Occidental Petroleum Co. ( NYSE:OXY – Free Report ) during the 2nd quarter, Holdings Channel.com reports.
The fund bought 30,761 shares of the oil and gas producer’s stock, valued at approximately $1,939,000. Several other institutional investors and hedge funds also recently added to or reduced their stakes in OXY. Focus Financial Network Inc.
ADV purchased a new position in Occidental Petroleum in the fourth quarter valued at about $255,000. Bank of Nova Scotia grew its stake in Occidental Petroleum by 45.2% in the fourth quarter.
Bank of Nova Scotia now owns 65,639 shares of the oil and gas producer’s stock valued at $3,919,000 after purchasing an additional 20,428 shares during the last quarter. Alberta Investment Management Corp grew its stake in shares of Occidental Petroleum by 143.2% during the fourth quarter.
Alberta Investment Management Corp now owns 36,475 shares of the oil and gas producer’s stock worth $2,178,000 after acquiring an additional 21,475 shares during the last quarter. KBC Group NV grew its stake in shares of Occidental Petroleum by 14.5% during the fourth quarter.
KBC Group NV now owns 181,162 shares of the oil and gas producer’s stock worth $10,817,000 after acquiring an additional 22,876 shares during the last quarter. Finally, Poehling Capital Management INC. grew its stake in shares of Occidental Petroleum by 1.
0% during the fourth quarter. Poehling Capital Management INC. now owns 110,956 shares of the oil and gas producer’s stock worth $6,625,000 after acquiring an additional 1,079 shares during the last quarter.
Hedge funds and other institutional investors own 88.70% of the company’s stock. Occidental Petroleum Trading Up 2.
2 % Shares of NYSE:OXY opened at $51.03 on Monday. Occidental Petroleum Co.
has a 12-month low of $49.75 and a 12-month high of $71.18.
The company has a market capitalization of $46.21 billion, a PE ratio of 13.94 and a beta of 1.
58. The business has a 50 day moving average of $55.76 and a two-hundred day moving average of $60.
91. The company has a current ratio of 1.04, a quick ratio of 0.
75 and a debt-to-equity ratio of 0.77. Occidental Petroleum Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th.
Shareholders of record on Tuesday, September 10th will be issued a $0.22 dividend. This represents a $0.
88 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Tuesday, September 10th.
Occidental Petroleum’s payout ratio is presently 24.04%. Analyst Ratings Changes A number of equities research analysts have recently weighed in on OXY shares.
Scotiabank dropped their price target on Occidental Petroleum from $90.00 to $80.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 12th.
Stephens restated an “overweight” rating and set a $76.00 price target on shares of Occidental Petroleum in a research note on Thursday, August 8th. Wolfe Research started coverage on Occidental Petroleum in a research note on Thursday, July 18th.
They set an “outperform” rating and a $81.00 price target on the stock. StockNews.
com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Wells Fargo & Company dropped their price target on Occidental Petroleum from $65.00 to $56.
00 and set an “equal weight” rating on the stock in a research note on Friday. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Occidental Petroleum has an average rating of “Hold” and an average target price of $70.
21. Get Our Latest Analysis on Occidental Petroleum Insider Buying and Selling at Occidental Petroleum In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.
75, for a total transaction of $697,125,000.00. Following the completion of the transaction, the insider now directly owns 165,681,578 shares of the company’s stock, valued at approximately $5,923,116,413.
50. The sale was disclosed in a filing with the SEC, which is available at this link . 0.
31% of the stock is currently owned by corporate insiders. Occidental Petroleum Profile ( Free Report ) Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.
The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Recommended Stories Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Co.
( NYSE:OXY – Free Report ). Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter .
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