HighPoint Advisor Group LLC increased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 14.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,394 shares of the oil and gas producer’s stock after purchasing an additional 1,157 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Occidental Petroleum Corporation were worth $638,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its position in shares of Occidental Petroleum Corporation by 3.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 878,361 shares of the oil and gas producer’s stock valued at $52,603,000 after purchasing an additional 31,074 shares during the last quarter. Rhumbline Advisers increased its position in shares of Occidental Petroleum Corporation by 1.0% during the 3rd quarter. Rhumbline Advisers now owns 1,382,767 shares of the oil and gas producer’s stock valued at $88,787,000 after purchasing an additional 13,749 shares during the last quarter. Advisor Group Inc. increased its position in shares of Occidental Petroleum Corporation by 7.6% during the 3rd quarter. Advisor Group Inc. now owns 75,061 shares of the oil and gas producer’s stock valued at $4,821,000 after purchasing an additional 5,323 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Occidental Petroleum Corporation by 3.4% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 173,520 shares of the oil and gas producer’s stock valued at $11,142,000 after purchasing an additional 5,776 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Occidental Petroleum Corporation by 0.4% during the 3rd quarter. Toronto Dominion Bank now owns 1,210,626 shares of the oil and gas producer’s stock valued at $77,728,000 after purchasing an additional 4,980 shares during the last quarter. 80.29% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the company. Mizuho reissued a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum Corporation in a research report on Friday, November 3rd. Jefferies Group LLC boosted their target price on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley boosted their target price on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Bank of America Corporation boosted their target price on Occidental Petroleum Corporation from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Finally, Barclays PLC boosted their target price on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $66.07.

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Shares of Occidental Petroleum Corporation (NYSE:OXY) traded down $0.24 during mid-day trading on Tuesday, hitting $67.93. The company’s stock had a trading volume of 3,682,300 shares, compared to its average volume of 4,521,431. Occidental Petroleum Corporation has a twelve month low of $57.20 and a twelve month high of $73.51. The stock has a market cap of $52,166.77, a PE ratio of 194.77, a price-to-earnings-growth ratio of 13.71 and a beta of 0.63. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

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 1.31% and a net margin of 4.33%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business earned ($0.15) EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. analysts forecast that Occidental Petroleum Corporation will post 0.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio is 440.00%.

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.

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

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