S&CO Inc. Decreases Holdings in Occidental Petroleum Co. (OXY)
S&CO Inc. lowered its position in Occidental Petroleum Co. (NYSE:OXY) by 15.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 13,465 shares of the oil and gas producer’s stock after selling 2,500 shares during the period. S&CO Inc.’s holdings in Occidental Petroleum were worth $992,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Fis Group Inc. purchased a new position in Occidental Petroleum in the 3rd quarter valued at $126,000. Enterprise Financial Services Corp lifted its holdings in Occidental Petroleum by 68.5% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new position in Occidental Petroleum in the 2nd quarter valued at $147,000. Davis R M Inc. purchased a new position in Occidental Petroleum in the 4th quarter valued at $203,000. Finally, Atlantic Trust LLC lifted its holdings in Occidental Petroleum by 23.8% in the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 535 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.
Occidental Petroleum Co. (NYSE OXY) traded up $0.16 during midday trading on Monday, hitting $75.55. The stock had a trading volume of 3,224,700 shares, compared to its average volume of 3,616,577. Occidental Petroleum Co. has a fifty-two week low of $57.20 and a fifty-two week high of $76.79. 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 stock has a market cap of $59,260.00, a price-to-earnings ratio of 106.41, a PEG ratio of 5.54 and a beta of 0.65.
A number of brokerages have weighed in on OXY. Macquarie began coverage on Occidental Petroleum in a report on Wednesday, January 17th. They issued a “neutral” rating on the stock. Citigroup upgraded Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price objective on the stock in a report on Monday. Cowen set a $85.00 price target on Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday. Mizuho set a $79.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 16th. Finally, Zacks Investment Research upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price target on the stock in a report on Thursday, January 4th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $68.87.
Occidental Petroleum 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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