The stock witnessed -8.15% declines, -20.23% declines and 5.52% gains for the 1-month, 3-month and 6-month period, respectively. Albert D Mason Inc. increased its stake in shares of Occidental Petroleum by 0.3% in the first quarter. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Occidental Petroleum by 4.3% in the third quarter. The fund owned 4,128 shares of the oil and gas producer's stock at the end of the first quarter. River Road Asset Management LLC boosted its stake in shares of Occidental Petroleum by 1.5% in the third quarter. Financial Architects Inc now owns 1,524 shares of the oil and gas producer's stock valued at $112,000 after buying an additional 491 shares during the last quarter. Fox Run Management L.L.C. increased its stake in Occidental Petroleum by 55.1% in the first quarter. Oakworth Capital Inc. now owns 1,596 shares of the oil and gas producer's stock worth $116,000 after buying an additional 75 shares during the period. Gateway Investment Advisers LLC now owns 733,637 shares of the oil and gas producer's stock worth $53,497,000 after buying an additional 3,281 shares during the last quarter.
Several other institutional investors have also made changes to their positions in OXY. Bank of America Corp raised Occidental Petroleum from a "neutral" rating to a "buy" rating in a report on Wednesday, March 15th.
The company has a 50 day moving average of 62.77 and a 200 day moving average of 67.35.
Occidental Petroleum Corporation (NYSE:OXY) traded at a yearly high level of $78.48 during the last trading session. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.01.
Occidental Petroleum plans to redeploy some of the $600 million in proceeds from its South Texas sale into the Permian, adding 3-5 additional Permian rigs, bringing the rig count to 11-13 by yearend. The company earned $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion.More news: China's balancing act on North Korea unloved in Pyongyang
EPS growth for this year is 87.70% and EPS growth for next year is expected to reach at 92.74%. This Beta value of Occidental Petroleum Corporation (OXY) shows that it has historically moved 72% for every 100% move in the benchmark.
The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 10th were paid a dividend of $0.76 per share. The ex-dividend date of this dividend was Wednesday, March 8th. To measure price-variation, we found GLT's volatility during a week at 5.98% and during a month it has been found around 3.53%. Occidental Petroleum's balance sheet and strong/growing dividend do provide some downside protection.
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A number of analysts recently weighed in on OXY shares. The company's last traded volume of 7.71 million shares was up it's an average volume of 5.34 million shares. Finally, Scotiabank set a $68.00 price objective on Occidental Petroleum and gave the company a "hold" rating in a research report on Monday, March 27th.More news: Former Trump aide Michael Flynn may have broken law, lawmakers say
Currently, the market capitalization of Occidental Petroleum Corporation (OXY) is 46.18 Billion. Occidental Petroleum is less exposed than peers to fast-evolving U.S. plays (Permian Resources comprises just 22% of company volumes) yet Occidental Petroleum trades at a 20-25% premium multiple (on 2018 pre-interest cash flow) to peers. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock.
Another critical number in evaluating a stock is P/E or the price to earnings ratio.
In other news, insider Vicki A. Hollub acquired 15,000 shares of the business's stock in a transaction on Monday, March 13th. The shares were purchased at an average cost of $62.72 per share, with a total value of $940,800.00.
In other news, Director Stephen I. Chazen sold 4,000 shares of the business's stock in a transaction on Thursday, February 9th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Following the completion of the transaction, the director now owns 1,537,719 shares of the company's stock, valued at $103,534,620.27. The stock appeared -20.74% below its 52-week highs and is down -1.85% for the last five trades. The company's institutional ownership is monitored at 85.7 percent.
The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing.More news: Key takeaways from FBI Director James Comey's hearing on Capitol Hill
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