Bank of New York Mellon Corp increased its position in Occidental Petroleum Corporation by 2.7% in the first quarter. The Foster Dykema Cabot & Co Inc holds 52,640 shares with $3.75 million value, up from 46,600 last quarter. American Century Companies Inc. now owns 9,135,714 shares of the oil and gas producer's stock worth $578,839,000 after buying an additional 936,625 shares in the last quarter. Hartford Investment Management Co. boosted its stake in Occidental Petroleum Corporation by 1.8% in the third quarter. Cim Investment Mangement Inc. raised its stake in shares of Occidental Petroleum Corporation by 1.2% in the fourth quarter. Russell Investments Group Ltd. acquired a new stake in Occidental Petroleum Corporation during the fourth quarter valued at approximately $154,780,000. Therefore, there is certainly still some pain for investors who want to avoid this falling stock. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48. The firm earned "Market Perform" rating on Wednesday, January 11 by BMO Capital Markets. The stock has a 50 day moving average of $60.52 and a 200 day moving average of $65.22.
COPYRIGHT VIOLATION WARNING: "Ashfield Capital Partners LLC Has $677,000 Position in Occidental Petroleum Corporation (OXY)" was originally reported by Markets Daily and is the sole property of of Markets Daily. After $0.08 actual EPS reported by Bank Mutual Corporation for the previous quarter, Wall Street now forecasts 25.00% EPS growth. Over the short term, some market observers may have noticed that Occidental Petroleum Corporation has a 1.87% short float with 15 days to cover. The firm had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the prior year, the company posted ($0.47) EPS. The company's quarterly revenue was up 30.6% compared to the same quarter past year. Occidental Petroleum Corporation's dividend payout ratio is now -428.17%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 9th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 4.92%. If you are reading this article on another site, it was copied illegally and republished in violation of worldwide trademark & copyright law. The correct version of this news story can be accessed at [[permalink]].
A number of brokerages recently issued reports on OXY. Oppenheimer maintained Occidental Petroleum Corporation (NYSE:OXY) on Monday, August 3 with "Outperform" rating.
Occidental Petroleum Corporation (NYSE:OXY) CFO Cedric W. Burgher acquired 1,700 shares of the company's stock in a transaction on Wednesday, June 7th. The stock notched a 12-month high of $70.96 while $87.00 target is by far the most aggressive out of analysts who are now evaluating the company, $16.04 higher than the next highest 52-week price estimate. Credit Suisse Group raised Occidental Petroleum Corporation from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $70.00 to $79.00 in a report on Tuesday, March 14th.
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Among 3 analysts covering Stonegate Bank (NASDAQ:SGBK), 2 have Buy rating, 0 Sell and 1 Hold. Occidental Petroleum Corporation presently has a consensus rating of "Hold" and an average target price of $72.11. Hollub Vicki A. bought $940,800 worth of stock. KLESSE WILLIAM R bought $721,500 worth of stock or 10,000 shares. Following the purchase, the chief financial officer now directly owns 44,124 shares of the company's stock, valued at $2,640,821.40. A discussion of these risk factors is included in the company's periodic reports filed with the Securities and Exchange Commission. Shares for $265,680 were sold by CHAZEN STEPHEN I on Tuesday, February 14. The stock was sold at an average price of $63.63, for a total transaction of $254,520.00. Following the completion of the sale, the director now owns 1,484,619 shares of the company's stock, valued at approximately $94,466,306.97. The disclosure for this purchase can be found here. Insiders have sold a total of 32,000 shares of company stock valued at $1,999,000 over the last three months. The stock declined 0.24% or $0.15 reaching $61.68 on the news.
Hess Corp. announced Monday a deal to sell its stake in enhanced oil recovery assets in the Permian Basin for $600 million to Occidental Petroleum Corp. The companys wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.
The EOR process harnesses the carbon dioxide produced during the extraction of oil, from power plants or from natural sources, and forces it back into aging oil fields.
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