Boulegeris Investments Inc. grew its stake in Occidental Petroleum Corporation (NYSE:OXY) by 18.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,845 shares of the oil and gas producer’s stock after acquiring an additional 1,850 shares during the quarter. Boulegeris Investments Inc.’s holdings in Occidental Petroleum Corporation were worth $761,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Occidental Petroleum Corporation by 3,198.5% in the 1st quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock worth $3,737,692,000 after acquiring an additional 57,202,942 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Occidental Petroleum Corporation by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock worth $3,304,357,000 after acquiring an additional 1,119,588 shares during the last quarter. State Street Corp increased its stake in shares of Occidental Petroleum Corporation by 1.7% in the 1st quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock worth $2,511,168,000 after acquiring an additional 681,032 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Occidental Petroleum Corporation by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 13,952,937 shares of the oil and gas producer’s stock worth $884,058,000 after acquiring an additional 105,546 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Occidental Petroleum Corporation by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock worth $830,010,000 after acquiring an additional 247,780 shares during the last quarter. 80.67% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Boulegeris Investments Inc. Buys 1,850 Shares of Occidental Petroleum Corporation (OXY)” was first reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://theolympiareport.com/2017/11/02/boulegeris-investments-inc-buys-1850-shares-of-occidental-petroleum-corporation-oxy.html.

A number of analysts recently issued reports on the company. Cowen and Company reissued a “buy” rating and set a $75.00 price objective on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Zacks Investment Research downgraded Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Bank of America Corporation raised their price objective on Occidental Petroleum Corporation from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Jefferies Group LLC set a $64.00 price objective on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Saturday, July 29th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Occidental Petroleum Corporation presently has an average rating of “Hold” and an average price target of $65.73.

In other Occidental Petroleum Corporation news, Director William R. Klesse purchased 10,000 shares of Occidental Petroleum Corporation stock in a transaction that occurred on Wednesday, August 9th. The stock was purchased at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the acquisition, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by corporate insiders.

Occidental Petroleum Corporation (NYSE:OXY) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Friday, December 8th. 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.

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY).

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

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.