Perpetual Ltd Has $508,000 Stake in Occidental Petroleum Co. (NYSE:OXY)

Perpetual Ltd decreased its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 51.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,100 shares of the oil and gas producer’s stock after selling 10,700 shares during the quarter. Perpetual Ltd’s holdings in Occidental Petroleum were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Occidental Petroleum by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 9,152,375 shares of the oil and gas producer’s stock worth $560,842,000 after buying an additional 316,507 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Occidental Petroleum by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,690,890 shares of the oil and gas producer’s stock worth $410,668,000 after buying an additional 331,307 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Occidental Petroleum by 6.2% in the 1st quarter. Wells Fargo & Company MN now owns 3,146,934 shares of the oil and gas producer’s stock worth $208,327,000 after purchasing an additional 184,500 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Occidental Petroleum by 1.8% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,000,508 shares of the oil and gas producer’s stock worth $198,634,000 after purchasing an additional 53,412 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Occidental Petroleum by 1.5% in the 1st quarter. Swiss National Bank now owns 2,727,743 shares of the oil and gas producer’s stock worth $180,577,000 after purchasing an additional 41,200 shares in the last quarter. 81.38% of the stock is owned by institutional investors.

OXY has been the topic of a number of recent research reports. Argus cut Occidental Petroleum from a “buy” rating to a “hold” rating and set a $54.61 target price on the stock. in a report on Thursday, May 16th. Raymond James set a $80.00 target price on Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday, May 23rd. Royal Bank of Canada increased their target price on Occidental Petroleum to $76.00 in a report on Tuesday, May 7th. Wells Fargo & Co cut Occidental Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, May 20th. Finally, Atlantic Securities cut Occidental Petroleum from an “overweight” rating to a “neutral” rating and set a $61.50 target price on the stock. in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $74.30.

In related news, CFO Cedric W. Burgher acquired 4,100 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average cost of $49.61 per share, for a total transaction of $203,401.00. Following the purchase, the chief financial officer now owns 76,842 shares in the company, valued at $3,812,131.62. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Eugene L. Batchelder bought 9,100 shares of the stock in a transaction dated Monday, June 10th. The shares were acquired at an average price of $48.11 per share, for a total transaction of $437,801.00. Following the completion of the purchase, the director now directly owns 45,148 shares in the company, valued at $2,172,070.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 95,660 shares of company stock worth $4,647,151. Company insiders own 0.15% of the company’s stock.

NYSE:OXY remained flat at $$47.13 during trading hours on Friday. The company’s stock had a trading volume of 8,342,659 shares, compared to its average volume of 9,052,214. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.00 and a current ratio of 1.20. The firm’s 50 day moving average price is $50.43. Occidental Petroleum Co. has a fifty-two week low of $44.88 and a fifty-two week high of $83.35. The firm has a market cap of $34.42 billion, a price-to-earnings ratio of 9.41, a P/E/G ratio of 2.68 and a beta of 0.82.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.06. Occidental Petroleum had a return on equity of 17.06% and a net margin of 19.65%. The business had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same period last year, the business earned $1.10 EPS. The business’s revenue was up 8.4% on a year-over-year basis. Research analysts predict that Occidental Petroleum Co. will post 3.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th will be paid a dividend of $0.79 per share. The ex-dividend date is Monday, September 9th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.78. This represents a $3.16 annualized dividend and a yield of 6.70%. Occidental Petroleum’s dividend payout ratio (DPR) is 62.28%.

Occidental Petroleum 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.

Featured Article: Do investors pay a separate front-end load every time they buy additional shares?

Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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.