Public Employees Retirement Association of Colorado Sells 10,168 Shares of Occidental Petroleum Co. (OXY)

Public Employees Retirement Association of Colorado trimmed its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 6.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,781 shares of the oil and gas producer’s stock after selling 10,168 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Occidental Petroleum were worth $8,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Hardman Johnston Global Advisors LLC boosted its position in Occidental Petroleum by 2.1% during the third quarter. Hardman Johnston Global Advisors LLC now owns 112,450 shares of the oil and gas producer’s stock worth $7,220,000 after purchasing an additional 2,350 shares during the period. Canada Pension Plan Investment Board boosted its position in Occidental Petroleum by 21.0% during the third quarter. Canada Pension Plan Investment Board now owns 254,013 shares of the oil and gas producer’s stock worth $16,310,000 after purchasing an additional 44,000 shares during the period. Boulegeris Investments Inc. boosted its position in shares of Occidental Petroleum by 18.5% in the third quarter. Boulegeris Investments Inc. now owns 11,845 shares of the oil and gas producer’s stock valued at $761,000 after acquiring an additional 1,850 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Occidental Petroleum by 3.7% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 827,419 shares of the oil and gas producer’s stock valued at $53,129,000 after acquiring an additional 29,440 shares during the period. Finally, Cable Hill Partners LLC boosted its position in shares of Occidental Petroleum by 128.7% in the third quarter. Cable Hill Partners LLC now owns 8,244 shares of the oil and gas producer’s stock valued at $529,000 after acquiring an additional 4,639 shares during the period. Institutional investors and hedge funds own 80.29% of the company’s stock.

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Occidental Petroleum Co. (NYSE OXY) traded up $0.07 during trading on Monday, hitting $68.24. The company’s stock had a trading volume of 103,126 shares, compared to its average volume of 4,525,280. Occidental Petroleum Co. has a 52-week low of $57.20 and a 52-week high of $73.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The company has a market cap of $52,166.77, a PE ratio of 194.77, a price-to-earnings-growth ratio of 13.71 and a beta of 0.63.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum had a return on equity of 3.64% and a net margin of 4.24%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned ($0.15) EPS. Occidental Petroleum’s quarterly revenue was up 13.3% compared to the same quarter last year. sell-side analysts expect that Occidental Petroleum Co. will post 0.77 earnings per share for the current fiscal year.

The company also recently announced 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. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.51%. The ex-dividend date is Friday, December 8th. Occidental Petroleum’s dividend payout ratio is currently 440.00%.

A number of brokerages have recently issued reports on OXY. Mizuho reissued a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a research report on Friday, November 3rd. Jefferies Group LLC upped their price objective on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock a “hold” rating in a research report on Friday, November 3rd. Cowen and Company reaffirmed a “buy” rating and set a $80.00 price objective on shares of Occidental Petroleum in a research report on Thursday, September 28th. Morgan Stanley upped their price objective on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum and gave the stock a “hold” rating in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $66.07.

Occidental Petroleum 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 (NYSE:OXY)

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