Public Employees Retirement System of Ohio Has $34.06 Million Position in Occidental Petroleum Corporation (OXY)

Public Employees Retirement System of Ohio increased its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 530,472 shares of the oil and gas producer’s stock after acquiring an additional 2,497 shares during the period. Public Employees Retirement System of Ohio owned about 0.07% of Occidental Petroleum worth $34,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthsource Partners LLC bought a new position in Occidental Petroleum in the 3rd quarter valued at approximately $208,000. Cetera Advisor Networks LLC lifted its stake in Occidental Petroleum by 10.4% in the 3rd quarter. Cetera Advisor Networks LLC now owns 8,878 shares of the oil and gas producer’s stock valued at $570,000 after purchasing an additional 835 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new position in Occidental Petroleum in the 3rd quarter valued at approximately $233,000. Griffin Asset Management Inc. bought a new position in Occidental Petroleum in the 3rd quarter valued at approximately $567,000. Finally, Piedmont Investment Advisors LLC lifted its stake in Occidental Petroleum by 0.9% in the 3rd quarter. Piedmont Investment Advisors LLC now owns 164,832 shares of the oil and gas producer’s stock valued at $10,584,000 after purchasing an additional 1,518 shares during the last quarter. Institutional investors and hedge funds own 80.34% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE OXY) opened at $70.62 on Friday. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $73.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.11. The firm has a market cap of $53,988.06, a price-to-earnings ratio of 201.57, a PEG ratio of 14.20 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the company posted ($0.15) earnings per share. Occidental Petroleum’s revenue for the quarter was up 13.3% compared to the same quarter last year. research analysts anticipate that Occidental Petroleum Corporation will post 0.76 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 440.00%.

Several equities analysts have recently issued reports on the stock. Cowen reaffirmed a “buy” rating and set a $75.00 price target on shares of Occidental Petroleum in a research note on Tuesday, August 22nd. Mizuho reaffirmed a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a research note on Friday, November 3rd. Bank of America raised their price target on shares of Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Zacks Investment Research downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday, August 31st. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $66.07.

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Occidental Petroleum 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.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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