Occidental Petroleum Co. (NYSE:OXY) Shares Acquired by Roundview Capital LLC

Roundview Capital LLC grew its position in Occidental Petroleum Co. (NYSE:OXY) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,595 shares of the oil and gas producer’s stock after buying an additional 1,495 shares during the quarter. Roundview Capital LLC’s holdings in Occidental Petroleum were worth $1,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Grantham Mayo Van Otterloo & Co. LLC grew its stake in Occidental Petroleum by 150.8% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 593,600 shares of the oil and gas producer’s stock worth $37,058,000 after purchasing an additional 356,900 shares in the last quarter. BOKF NA grew its stake in Occidental Petroleum by 57.4% during the 1st quarter. BOKF NA now owns 142,535 shares of the oil and gas producer’s stock worth $8,898,000 after purchasing an additional 51,971 shares in the last quarter. Commerce Bank grew its stake in Occidental Petroleum by 3.4% during the 1st quarter. Commerce Bank now owns 39,715 shares of the oil and gas producer’s stock worth $2,479,000 after purchasing an additional 1,314 shares in the last quarter. BNC Wealth Management LLC grew its stake in Occidental Petroleum by 141.0% during the 2nd quarter. BNC Wealth Management LLC now owns 42,510 shares of the oil and gas producer’s stock worth $2,500,000 after purchasing an additional 24,874 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Occidental Petroleum by 11.0% during the 2nd quarter. Nordea Investment Management AB now owns 580,676 shares of the oil and gas producer’s stock worth $34,237,000 after purchasing an additional 57,522 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Stock Up 0.1 %

Occidental Petroleum stock opened at $61.07 on Monday. Occidental Petroleum Co. has a twelve month low of $55.51 and a twelve month high of $75.78. The stock has a 50 day moving average of $63.69 and a two-hundred day moving average of $61.49. The company has a current ratio of 0.92, a quick ratio of 0.70 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $53.76 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 0.68 and a beta of 1.70.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, November 7th. The oil and gas producer reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.29. Occidental Petroleum had a return on equity of 25.39% and a net margin of 18.26%. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same period last year, the firm earned $2.44 EPS. The firm’s revenue for the quarter was down 22.1% on a year-over-year basis. As a group, research analysts expect that Occidental Petroleum Co. will post 4.11 earnings per share for the current year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 8th will be issued a $0.18 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.18%. Occidental Petroleum’s dividend payout ratio is currently 15.75%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Susquehanna increased their price objective on Occidental Petroleum from $72.00 to $78.00 and gave the company a “positive” rating in a report on Wednesday, October 18th. Raymond James dropped their price objective on Occidental Petroleum from $80.00 to $75.00 and set a “strong-buy” rating on the stock in a report on Monday, July 24th. StockNews.com upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Bank of America increased their price objective on Occidental Petroleum from $78.00 to $82.00 in a report on Wednesday, September 27th. Finally, Citigroup increased their price objective on Occidental Petroleum from $62.00 to $66.00 in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.13.

Insider Activity

In other news, major shareholder Petroleum Corp /De/ Occidental sold 5,100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $25.00, for a total value of $127,500,000.00. Following the completion of the sale, the insider now directly owns 185,181,578 shares of the company’s stock, valued at approximately $4,629,539,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Petroleum Corp /De/ Occidental sold 5,100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $25.00, for a total value of $127,500,000.00. Following the completion of the transaction, the insider now directly owns 185,181,578 shares of the company’s stock, valued at approximately $4,629,539,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Berkshire Hathaway Inc acquired 1,686,368 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was purchased at an average cost of $62.80 per share, with a total value of $105,903,910.40. Following the completion of the purchase, the insider now directly owns 225,815,560 shares in the company, valued at $14,181,217,168. The disclosure for this purchase can be found here. Insiders own 0.35% of the company’s stock.

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, the Middle East, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.