Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 148,346 shares of the oil and gas producer’s stock after selling 1,911 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Occidental Petroleum were worth $11,126,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aries Wealth Management purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth approximately $220,000. Grimes & Company Inc. increased its position in shares of Occidental Petroleum by 6.3% during the fourth quarter. Grimes & Company Inc. now owns 59,795 shares of the oil and gas producer’s stock worth $4,405,000 after purchasing an additional 3,568 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Occidental Petroleum by 6.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 63,091 shares of the oil and gas producer’s stock worth $4,647,000 after purchasing an additional 4,033 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new stake in shares of Occidental Petroleum during the fourth quarter worth approximately $355,000. Finally, Stephens Inc. AR increased its position in shares of Occidental Petroleum by 10.2% during the fourth quarter. Stephens Inc. AR now owns 120,471 shares of the oil and gas producer’s stock worth $8,874,000 after purchasing an additional 11,199 shares in the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

Occidental Petroleum Co. (NYSE:OXY) opened at $71.22 on Wednesday. Occidental Petroleum Co. has a 12 month low of $57.20 and a 12 month high of $78.09. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $54,263.55, a PE ratio of 101.74, a P/E/G ratio of 4.54 and a beta of 0.53.

Several analysts recently commented on OXY shares. Scotiabank reiterated a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. BMO Capital Markets set a $60.00 target price on Occidental Petroleum and gave the company a “hold” rating in a report on Tuesday, October 10th. Mizuho set a $79.00 target price on Occidental Petroleum and gave the company a “hold” rating in a report on Tuesday, January 16th. Credit Suisse Group initiated coverage on Occidental Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $62.00 target price for the company. Finally, Cowen set a $85.00 target price on Occidental Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. Two investment 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 company currently has an average rating of “Hold” and an average price target of $70.07.

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About Occidental Petroleum

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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