Occidental Petroleum Corporation (OXY) Shares Bought by Sei Investments Co.

Sei Investments Co. boosted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 6.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 547,443 shares of the oil and gas producer’s stock after acquiring an additional 32,791 shares during the quarter. Sei Investments Co. owned 0.07% of Occidental Petroleum Corporation worth $35,152,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Glassman Wealth Services grew its stake in Occidental Petroleum Corporation by 0.3% in the 2nd quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 8 shares during the period. Partnervest Advisory Services LLC grew its stake in Occidental Petroleum Corporation by 0.5% in the 1st quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock valued at $209,000 after acquiring an additional 16 shares during the period. Guardian Life Insurance Co. of America lifted its holdings in Occidental Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock valued at $187,000 after purchasing an additional 20 shares in the last quarter. BerganKDV Wealth Management LLC lifted its holdings in Occidental Petroleum Corporation by 0.5% in the 2nd quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock valued at $296,000 after purchasing an additional 23 shares in the last quarter. Finally, Glenview State Bank Trust DEPT. lifted its holdings in Occidental Petroleum Corporation by 0.4% in the 2nd quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock valued at $348,000 after purchasing an additional 24 shares in the last quarter. 80.66% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research analysts have weighed in on OXY shares. Morgan Stanley raised their price objective on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Jefferies Group LLC set a $58.00 price objective on Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Tuesday, August 29th. BidaskClub lowered Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. BMO Capital Markets set a $60.00 price objective on Occidental Petroleum Corporation and gave the company a “hold” rating in a report on Tuesday, October 10th. Finally, Barclays PLC raised their price objective on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. Occidental Petroleum Corporation currently has an average rating of “Hold” and an average target price of $66.07.

Shares of Occidental Petroleum Corporation (OXY) traded down $0.53 on Friday, reaching $68.17. 3,493,900 shares of the company traded hands, compared to its average volume of 4,574,908. The stock has a market cap of $52,166.75, a price-to-earnings ratio of 194.77, a P/E/G ratio of 13.71 and a beta of 0.63. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $73.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.07. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. Occidental Petroleum Corporation’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.15) EPS. research analysts anticipate that Occidental Petroleum Corporation will post 0.77 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a yield of 4.52%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 440.00%.

Occidental Petroleum Corporation 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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