Occidental Petroleum Corporatio (NYSE:OXY) Trading Up - Shorts Down -6.75%

The institutional investor owned 580,289 shares of the oil and gas producer's stock after selling 784,601 shares during the period. Aviva PLC owned about 0.08% of Occidental Petroleum worth $34,759,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its position in shares of Occidental Petroleum Corporation by 54.8% during the second quarter.

How Active Are Occidental Petroleum Corporation (NYSE:OXY) Shares? Valicenti Advisory Services Inc. now owns 41,665 shares of the oil and gas producer's stock valued at $2,640,000 after buying an additional 12,480 shares during the last quarter. Finally, BTC Capital Management Inc. lifted its position in shares of Occidental Petroleum by 14.1% in the first quarter. The fund purchased 1,133,974 shares of the oil and gas producer's stock, valued at approximately $67,920,000. Despite the tumultous week, investors holding steadfast look to continue to see near-term gains despite the global uncertainty.

Occidental Petroleum Corporation (NYSE:OXY) stock is pricing at $62.74 after moving 0.71% thus far this session. The firm's 50-day moving average is $60.57 and its 200 day moving average is $61.24. First Merchants Corp lifted its position in shares of Occidental Petroleum by 3.4% in the first quarter. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.03. The figure allows investors to understand how effectively Occidental Petroleum Corporation is able to convert its money into net income. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the business earned ($0.18) EPS. Over the trailing year, the stock is underperforming the S&P 500 by 26.49, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Co. and related companies with FREE daily email newsletter. Stockholders of record on Monday, September 11th will be given a dividend of $0.77 per share. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Wednesday, March 8th. The dividend yield will be $5.02. Occidental Petroleum's payout ratio is 2,369.23%.

In related news, Director William R. Klesse acquired 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 9th. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time.

Earnings-per-share (EPS) ratio for OXY is 0.15, exhibiting the allocation of the profit to each of its outstanding share of common stock.

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Several brokerages have issued reports on OXY.

Occidental Petroleum Corp (OXY)'s Aroon Up level has reached above the key level of 70, indicating a strong upward trend for the security. Zacks Investment Research cut Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Tuesday, July 11th. With today's market cap for Occidental Petroleum Corporation, traders can easily name it as one of the major player in its Independent Oil & Gas industry. Jefferies Group LLC reissued a "hold" rating and set a $64.00 price target on shares of Occidental Petroleum in a report on Friday, June 23rd.

01/11/2017 - Occidental Petroleum Corporation was downgraded to "market perform" by analysts at BMO Capital Markets. Wall Street is only getting more bullish on the stock, with 7 of analysts who cover DERM having a buy-equivalent rating.

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