Fjarde AP Fonden Fourth Swedish National Pension Fund Has $6.41 Million Stake in Occidental Petroleum Corporation (OXY)

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in Occidental Petroleum Corporation (NYSE:OXY) by 14.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 106,997 shares of the oil and gas producer’s stock after selling 17,704 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Occidental Petroleum Corporation were worth $6,406,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Partnervest Advisory Services LLC raised its stake in shares of Occidental Petroleum Corporation by 0.5% during the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock valued at $209,000 after purchasing an additional 16 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Occidental Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock worth $187,000 after buying an additional 20 shares during the last quarter. Concert Wealth Management Inc. increased its stake in shares of Occidental Petroleum Corporation by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 23 shares during the last quarter. BerganKDV Wealth Management LLC increased its stake in shares of Occidental Petroleum Corporation by 0.5% in the second quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after buying an additional 23 shares during the last quarter. Finally, Glenview State Bank Trust DEPT. increased its stake in shares of Occidental Petroleum Corporation by 0.4% in the second quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock worth $348,000 after buying an additional 24 shares during the last quarter. 80.85% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Corporation (OXY) opened at 61.35 on Friday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $75.60. The firm has a market capitalization of $46.91 billion, a price-to-earnings ratio of 432.04 and a beta of 0.66. The stock’s 50 day moving average price is $60.60 and its 200-day moving average price is $61.35.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company earned ($0.18) earnings per share. Occidental Petroleum Corporation’s revenue was up 40.9% compared to the same quarter last year. On average, equities research analysts expect that Occidental Petroleum Corporation will post $0.68 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be issued a $0.77 dividend. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, September 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,369.23%.

In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were bought at an average cost of $61.58 per share, with a total value of $615,800.00. Following the completion of the purchase, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by company insiders.

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OXY has been the subject of a number of research analyst reports. BidaskClub lowered shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Jefferies Group LLC set a $58.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, August 29th. Mitsubishi UFJ Financial Group started coverage on shares of Occidental Petroleum Corporation in a report on Monday, May 29th. They set a “hold” rating and a $69.00 price target for the company. Cowen and Company reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum Corporation in a report on Tuesday, May 23rd. Finally, Wolfe Research raised shares of Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $65.14.

Occidental Petroleum Corporation Company 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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