Parkside Financial Bank & Trust lifted its position in Occidental Petroleum Corporation (NYSE:OXY) by 538.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,319 shares of the oil and gas producer’s stock after buying an additional 5,329 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Occidental Petroleum Corporation were worth $406,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Well Done LLC bought a new position in shares of Occidental Petroleum Corporation in the third quarter valued at $271,000. Raymond James Financial Services Advisors Inc. grew its stake in shares of Occidental Petroleum Corporation by 5.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 234,903 shares of the oil and gas producer’s stock valued at $15,083,000 after buying an additional 11,455 shares in the last quarter. IFC Holdings Incorporated FL grew its stake in shares of Occidental Petroleum Corporation by 34.6% in the third quarter. IFC Holdings Incorporated FL now owns 5,486 shares of the oil and gas producer’s stock valued at $351,000 after buying an additional 1,409 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Occidental Petroleum Corporation in the third quarter valued at $647,000. Finally, First Midwest Bank Trust Division bought a new position in shares of Occidental Petroleum Corporation in the third quarter valued at $223,000. 80.67% of the stock is owned by institutional investors and hedge funds.

In other news, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the purchase, the director now owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

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Several research firms recently weighed in on OXY. Cowen and Company reissued a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research note on Thursday, September 28th. BMO Capital Markets set a $60.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Tuesday, October 10th. Barclays PLC set a $38.00 target price on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Morgan Stanley raised their target price on shares of Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Jefferies Group LLC set a $64.00 target price on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Occidental Petroleum Corporation presently has a consensus rating of “Hold” and a consensus target price of $65.73.

Occidental Petroleum Corporation (OXY) traded down 0.80% during midday trading on Tuesday, hitting $64.44. The stock had a trading volume of 877,894 shares. The stock has a market cap of $49.27 billion, a P/E ratio of 453.80 and a beta of 0.67. The company has a 50-day moving average price of $63.85 and a 200-day moving average price of $61.42. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $73.51.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3 billion. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business’s revenue for the quarter was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.18) EPS. Equities analysts expect that Occidental Petroleum Corporation will post $0.67 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.74%. Occidental Petroleum Corporation’s payout ratio is 2,369.23%.

About Occidental Petroleum Corporation

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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