Occidental Petroleum Corp (OXY) Holdings Decreased by Sound Shore Management Inc

Cornelia Mascio
Novembre 15, 2017

Currently, 771.2 million total shares are owned by the public and among those 762.77 million shares have been available to trade. Sound Shore Management Inc who had been investing in Occidental Petroleum Corporation for a number of months, seems to be bullish on the $51.98 billion market cap company.

Other large investors have also modified their holdings of the company. PA boosted its stake in shares of Occidental Petroleum Corporation by 18.0% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,553 shares of the company's stock valued at $113,000 after buying an additional 414 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Occidental Petroleum Corporation by 119.6% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer's stock worth $117,000 after purchasing an additional 250 shares during the period. Its position stood at $199,509,000 a decrease of 1.7% as of quarter end. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer's stock worth $118,000 after purchasing an additional 264 shares during the period. Artisan Partners Limited Partnership increased its position in Occidental Petroleum Corporation by 53.2% during the first quarter. Enterprise Financial Services Corp boosted its stake in Occidental Petroleum Corp.by 36.3% in the third quarter.

Moving average indicators are used widely for stock analysis.

Occidental Petroleum Corporation (NYSE OXY) opened at $67.93 on Friday.

In the market the company is trading down since yesterday's close of 68.17. Occidental Petroleum Corporation has a fifty-two week low of $57.20 and a fifty-two week high of $73.51. The firm has a market capitalization of $52,166.77, a P/E ratio of 194.77, a PEG ratio of 13.71 and a beta of 0.63.

Occidental Petroleum Corporation (OXY) has risen 18.76% since then. The oil and gas producer reported $0.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.07. Currently, Occidental Petroleum Corporation (OPC.DE) has a 14-day ATR of 0.57. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter a year ago, the business earned ($0.15) earnings per share. During the same period last year, the business posted ($0.15) earnings per share. research analysts forecast that Occidental Petroleum Corporation will post 0.77 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.53%. Occidental Petroleum Corporation's dividend payout ratio (DPR) is now 440.00%.

A number of research analysts have weighed in on OXY shares. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned "Buy" rating by Mizuho on Thursday, October 6. The stock now has a consensus rating of "Hold" and a consensus target price of $73.97.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded down -0.35% in the last session while performance was up 67.93% in the last five days. Bank of America Corporation raised their target price on shares of Occidental Petroleum Corporation from $70.00 to $76.00 and gave the stock a "buy" rating in a research note on Friday, October 13th. Finally, BidaskClub raised shares of Occidental Petroleum Corporation from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. Cowen and Company set a $75.00 price objective on shares of Occidental Petroleum Corporation and gave the company a buy rating in a report on Wednesday, July 19th. On Thursday, July 14 the stock rating was maintained by Barclays Capital with "Underweight".

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