Published: Tue, June 20, 2017
Markets | By Noel Gibbs

Decreases Stake in Occidental Petroleum Corporation (OXY)

Decreases Stake in Occidental Petroleum Corporation (OXY)

The institutional investor held 6.35M shares of the oil & gas production company at the end of 2016Q4, valued at $452.46 million, up from 5.85M at the end of the previous reported quarter. Ashfield Capital Partners LLC's holdings in Occidental Petroleum Corporation were worth $677,000 at the end of the most recent reporting period. Amg Funds Ltd Company, Connecticut-based fund reported 26,956 shares.

In recent trade; Occidental Petroleum Corporation (OXY) snatched the consideration from Investors, when its current beneficial picture was seen that is promoting good health. Macquarie Group Ltd. now owns 10,414,512 shares of the oil and gas producer's stock worth $741,825,000 after buying an additional 171,954 shares in the last quarter. Franklin Resources Inc. increased its position in Occidental Petroleum Corporation by 13.5% in the fourth quarter. Finally, Ronald Blue & Co. Mirae Asset Global Investments Co. Active Investors often maintain a close study on trading capacity of OXY stock. Moreover, Blackrock Inv Mngmt Ltd Company has 0.35% invested in Occidental Petroleum Corporation (NYSE:OXY). Investec Asset Management North America has 1.02% invested in Occidental Petroleum Corporation (NYSE:OXY). The company has market cap of $781.49 million. The share price has moved forward from its 20 days moving average 2.48% and positively from its 50 days moving average 1.25%. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since June 20, 2016 and is downtrending. The oil and gas producer reported $0.15 EPS for the quarter, topping the consensus estimate of $0.14 by $0.01. KLESSE WILLIAM R also bought $721,500 worth of Occidental Petroleum Corporation (NYSE:OXY) on Friday, December 23. The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.96 billion. During the same period in the prior year, the firm earned ($0.47) EPS. OXY generated revenue of $3.28 Billion in the same quarter, one year ago. Occidental Petroleum Corporation's dividend payout ratio (DPR) is presently -428.17%. Investors of record on Friday, June 9th will be issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 4.90%. The rating was downgraded by BMO Capital Markets on Wednesday, June 7 to "Market Perform".

Mitchell Group Inc decreased Occidental Petroleum Corp (OXY) stake by 22.35% reported in 2016Q4 SEC filing.

Ward vs. Kovalev II: Prediction, Betting Odds, Preview For Championship Boxing Event
But Ward began to adjust and slowly figure Kovalev out, making some key adjustments midfight. "I knew he was hurt", Ward said. We are boxers. "I've never seen somebody knocked out on a low blow until tonight, and I hope I never have to see it again".


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A number of research firms have commented on OXY. Oppenheimer maintained Occidental Petroleum Corporation (NYSE:OXY) on Monday, August 3 with "Outperform" rating. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) were released by: Seekingalpha.com and their article: "Occidental Petroleum: Beware Of A Dividend Cut" published on June 07, 2017 as well as Seekingalpha.com's news article titled: "Occidental Petroleum: 3 Reasons Why You Should Consider This High-Yield Stock" with publication date: May 25, 2017. Analysts, on average, seem bullish as they suggest SBUX is worth $5.62 more, giving a target price of $66.52 a share. 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. Scotiabank reaffirmed a "hold" rating and set a $68.00 price objective on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th.

Among 19 analysts covering National Grid PLC (LON:NG), 8 have Buy rating, 5 Sell and 6 Hold. Finally, Simmons lifted their target price on Occidental Petroleum Corporation from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, April 19th.

Cosby alternate juror 'probably' would have voted to convict
Cosby's criminal defense lawyer, Brian McMonagle, however, is confident in his client's chances of beating the charges. For the prosecution, a second trial provides the opportunity to present a battle-tested key witness.


In related news, CFO Cedric W. Burgher purchased 1,700 shares of the business's stock in a transaction that occurred on Wednesday, June 7th. Following the transaction, the chief financial officer now directly owns 44,124 shares of the company's stock, valued at approximately $2,640,821.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Another trade for 4,000 shares valued at $265,020 was made by CHAZEN STEPHEN I on Tuesday, February 21. The shares were bought at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the completion of the sale, the director now directly owns 1,484,619 shares in the company, valued at approximately $94,466,306.97. The disclosure for this purchase can be found here. Panagora Asset Management Inc. now owns 127,944 shares of the oil and gas producer's stock valued at $9,330,000 after buying an additional 15,194 shares in the last quarter. 15,867 are owned by Of Virginia Va. Aqr Llc invested in 65,917 shares or 0.01% of the stock.

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.

U.S. student held prisoner by North Korea dies days after release
His family said he suffered from chronic health issues, including back pain , diabetes, an enlarged heart and liver problems. Moon said resuming dialogue with the North required certain preconditions without elaborating on what those conditions were.


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