Oregon Public Employees Retirement Fund Boosts Holdings in Occidental Petroleum Corporation $OXY

Oregon Public Employees Retirement Fund raised its position in Occidental Petroleum Corporation (NYSE:OXY) by 34.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,234 shares of the oil and gas producer’s stock after purchasing an additional 21,070 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Occidental Petroleum were worth $3,886,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division boosted its stake in Occidental Petroleum by 1.5% during the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after buying an additional 229 shares during the period. Inspire Investing LLC boosted its position in shares of Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after acquiring an additional 247 shares during the last quarter. Cigna Investments Inc. New boosted its position in shares of Occidental Petroleum by 4.3% during the 3rd quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after acquiring an additional 280 shares during the last quarter. S.A. Mason LLC grew its holdings in shares of Occidental Petroleum by 5.9% during the second quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock worth $223,000 after purchasing an additional 295 shares in the last quarter. Finally, Greenleaf Trust increased its position in shares of Occidental Petroleum by 2.7% in the third quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock worth $535,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 0.9%

NYSE OXY opened at $42.86 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The stock has a market capitalization of $42.23 billion, a PE ratio of 31.51 and a beta of 0.38. The business’s 50-day moving average is $41.27 and its 200 day moving average is $43.37.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $1.00 earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis. Sell-side analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th will be given a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.2%. Occidental Petroleum’s dividend payout ratio is currently 70.59%.

Insider Buying and Selling

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OXY. Roth Capital lifted their target price on shares of Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. UBS Group cut their target price on shares of Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Citigroup reduced their target price on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. HSBC dropped their price target on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $49.95.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.