11,795 Shares in Occidental Petroleum Corporation (OXY) Purchased by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC acquired a new position in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,795 shares of the oil and gas producer’s stock, valued at approximately $706,000. Occidental Petroleum Corporation makes up 0.6% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Occidental Petroleum Corporation in the 1st quarter worth $102,000. Grove Bank & Trust grew its holdings in shares of Occidental Petroleum Corporation by 54.8% in the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 622 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of Occidental Petroleum Corporation by 4.0% in the 1st quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock worth $120,000 after acquiring an additional 72 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Occidental Petroleum Corporation by 14.7% in the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 250 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of Occidental Petroleum Corporation by 15.6% in the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 264 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

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OXY has been the topic of a number of recent research reports. Zacks Investment Research cut Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Cowen and Company set a $75.00 target price on Occidental Petroleum Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Jefferies Group LLC set a $58.00 target price on Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, August 29th. BidaskClub upgraded Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, BMO Capital Markets decreased their target price on Occidental Petroleum Corporation from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $65.14.

In other Occidental Petroleum Corporation news, Director William R. Klesse acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The shares were acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the purchase, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Occidental Petroleum Corporation (OXY) opened at 61.86 on Wednesday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $75.60. The stock’s 50 day moving average price is $60.57 and its 200-day moving average price is $61.24. The stock has a market cap of $47.30 billion, a P/E ratio of 435.63 and a beta of 0.66.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $3.60 billion for 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 firm’s revenue was up 40.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.18) EPS. On average, analysts predict that Occidental Petroleum Corporation will post $0.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 4.98%. The ex-dividend date is Friday, September 8th. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,369.23%.

Occidental Petroleum Corporation Profile

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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