City Holding Co. reduced its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,546 shares of the oil and gas producer’s stock after selling 945 shares during the period. City Holding Co.’s holdings in Occidental Petroleum were worth $2,221,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OXY. Argent Trust Co purchased a new stake in Occidental Petroleum during the 4th quarter worth approximately $201,000. Victory Capital Management Inc. increased its stake in Occidental Petroleum by 1,853.1% during the 1st quarter. Victory Capital Management Inc. now owns 238,666 shares of the oil and gas producer’s stock worth $15,504,000 after buying an additional 226,446 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Occidental Petroleum by 166.0% during the 1st quarter. Thrivent Financial for Lutherans now owns 110,995 shares of the oil and gas producer’s stock worth $7,211,000 after buying an additional 69,261 shares in the last quarter. Rothschild Asset Management Inc. purchased a new stake in Occidental Petroleum during the 1st quarter worth approximately $10,263,000. Finally, Korea Investment CORP increased its stake in Occidental Petroleum by 17.9% during the 1st quarter. Korea Investment CORP now owns 274,234 shares of the oil and gas producer’s stock worth $17,814,000 after buying an additional 41,642 shares in the last quarter. Institutional investors own 80.42% of the company’s stock.

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average cost of $78.55 per share, for a total transaction of $392,750.00. Following the completion of the acquisition, the director now owns 77,963 shares of the company’s stock, valued at approximately $6,123,993.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

OXY has been the topic of several recent research reports. Bank of America boosted their target price on Occidental Petroleum from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, August 17th. National Alliance Securities upgraded Occidental Petroleum from a “hold” rating to a “buy” rating in a report on Monday, August 13th. Jefferies Financial Group upgraded Occidental Petroleum from a “hold” rating to a “buy” rating and boosted their target price for the stock from $87.00 to $98.00 in a report on Monday, June 11th. Mizuho initiated coverage on Occidental Petroleum in a report on Friday, June 8th. They set a “buy” rating and a $102.00 target price on the stock. Finally, Citigroup upgraded Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Tuesday, June 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $83.60.

OXY opened at $77.60 on Tuesday. Occidental Petroleum Co. has a one year low of $61.09 and a one year high of $87.67. The company has a market capitalization of $57.92 billion, a P/E ratio of 87.19, a price-to-earnings-growth ratio of 2.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.19 and a current ratio of 1.36.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.11). Occidental Petroleum had a net margin of 15.36% and a return on equity of 9.68%. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. analysts anticipate that Occidental Petroleum Co. will post 4.84 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, September 10th will be issued a $0.78 dividend. The ex-dividend date is Friday, September 7th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.77. This represents a $3.12 dividend on an annualized basis and a yield of 4.02%. Occidental Petroleum’s dividend payout ratio is currently 350.56%.

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.

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

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