Mraz Amerine & Associates Inc. trimmed its stake in shares of Occidental Petroleum Co. (NYSE:OXY – Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,523 shares of the oil and gas producer’s stock after selling 817 shares during the period. Occidental Petroleum accounts for 0.9% of Mraz Amerine & Associates Inc.’s holdings, making the stock its 19th biggest position. Mraz Amerine & Associates Inc.’s holdings in Occidental Petroleum were worth $5,078,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. lifted its holdings in Occidental Petroleum by 75.2% during the first quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 167 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in Occidental Petroleum during the first quarter valued at $44,000. LRI Investments LLC purchased a new position in Occidental Petroleum during the first quarter valued at $44,000. Exchange Traded Concepts LLC purchased a new position in Occidental Petroleum during the third quarter valued at $87,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Occidental Petroleum during the second quarter valued at $110,000. 88.70% of the stock is owned by hedge funds and other institutional investors.
Occidental Petroleum Price Performance
Occidental Petroleum stock opened at $51.35 on Friday. Occidental Petroleum Co. has a 12-month low of $49.75 and a 12-month high of $71.18. The stock has a market cap of $46.50 billion, a P/E ratio of 12.65 and a beta of 1.57. The company has a 50-day moving average price of $53.71 and a 200 day moving average price of $59.46. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77.
Insider Buying and Selling at Occidental Petroleum
In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of Occidental Petroleum stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the completion of the sale, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Scotiabank decreased their price target on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Truist Financial decreased their price target on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. BMO Capital Markets decreased their price target on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. Finally, Susquehanna decreased their price target on shares of Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating on the stock in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $65.72.
View Our Latest Research Report on Occidental Petroleum
Occidental Petroleum Company Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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