Gulf International Bank UK Ltd Has $16,790,000 Stake in Occidental Petroleum Corp. (OXY)
Gulf International Bank UK Ltd continued to hold its position in shares of Occidental Petroleum Corp. (NYSE:OXY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 230,261 shares of the company’s stock at the end of the third quarter. Gulf International Bank UK Ltd’s holdings in Occidental Petroleum Corp. were worth $16,790,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Kistler Tiffany Companies LLC raised its position in shares of Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock worth $102,000 after buying an additional 19 shares during the period. First New York Securities LLC NY acquired a new position in shares of Occidental Petroleum Corp. during the second quarter worth about $110,000. LSV Asset Management acquired a new position in shares of Occidental Petroleum Corp. during the second quarter worth about $111,000. Oakworth Capital Inc. raised its position in shares of Occidental Petroleum Corp. by 7.0% in the second quarter. Oakworth Capital Inc. now owns 1,521 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the period. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Occidental Petroleum Corp. during the second quarter worth about $121,000. 80.47% of the stock is owned by institutional investors and hedge funds.
Occidental Petroleum Corp. (NYSE:OXY) traded up 4.81% during trading on Wednesday, hitting $70.82. 3,247,189 shares of the stock were exchanged. The firm’s market capitalization is $54.12 billion. The stock has a 50 day moving average price of $70.58 and a 200-day moving average price of $73.88. Occidental Petroleum Corp. has a 12-month low of $58.24 and a 12-month high of $78.48.
Occidental Petroleum Corp. (NYSE:OXY) last announced its earnings results on Tuesday, November 1st. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.04. Occidental Petroleum Corp. had a negative net margin of 52.62% and a negative return on equity of 3.43%. The company earned $2.65 billion during the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. On average, equities research analysts anticipate that Occidental Petroleum Corp. will post ($0.86) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 9th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $3.04 annualized dividend and a dividend yield of 4.50%. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is currently -42.34%.
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A number of equities analysts recently issued reports on OXY shares. Mizuho started coverage on Occidental Petroleum Corp. in a report on Wednesday, October 5th. They issued a “buy” rating and a $83.00 price objective for the company. reissued a “buy” rating on shares of Occidental Petroleum Corp. in a report on Tuesday, August 16th. Jefferies Group restated a “hold” rating on shares of Occidental Petroleum Corp. in a research report on Thursday, September 8th. Deutsche Bank AG downgraded Occidental Petroleum Corp. from a “buy” rating to a “hold” rating and set a $78.59 target price for the company. in a research report on Friday, August 5th. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $72.00 target price on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $75.74.
In other Occidental Petroleum Corp. news, Director Stephen I. Chazen sold 2,000 shares of Occidental Petroleum Corp. stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $69.12, for a total value of $138,240.00. Following the transaction, the director now directly owns 1,581,619 shares in the company, valued at approximately $109,321,505.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Klesse bought 10,000 shares of the stock in a transaction on Monday, November 14th. The stock was bought at an average price of $64.89 per share, for a total transaction of $648,900.00. Following the completion of the purchase, the director now directly owns 47,940 shares in the company, valued at approximately $3,110,826.60. The disclosure for this purchase can be found here. 0.35% of the stock is owned by company insiders.
Occidental Petroleum Corp. Company Profile
Occidental Petroleum Corporation 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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