Occidental Petroleum Co. (NYSE:OXY) Position Lowered by S&CO Inc.

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S&CO Inc. lessened its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 9.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,340 shares of the oil and gas producer’s stock after selling 1,150 shares during the period. S&CO Inc.’s holdings in Occidental Petroleum were worth $696,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the business. FMR LLC boosted its stake in shares of Occidental Petroleum by 232.5% in the 2nd quarter. FMR LLC now owns 6,049,152 shares of the oil and gas producer’s stock worth $506,194,000 after buying an additional 4,230,065 shares during the last quarter. Dodge & Cox lifted its position in Occidental Petroleum by 58.7% during the 3rd quarter. Dodge & Cox now owns 9,887,895 shares of the oil and gas producer’s stock worth $812,488,000 after buying an additional 3,656,670 shares in the last quarter. Capital World Investors lifted its position in Occidental Petroleum by 9.6% during the 3rd quarter. Capital World Investors now owns 23,423,802 shares of the oil and gas producer’s stock worth $1,924,734,000 after buying an additional 2,056,863 shares in the last quarter. BlackRock Inc. lifted its position in Occidental Petroleum by 3.4% during the 3rd quarter. BlackRock Inc. now owns 52,574,756 shares of the oil and gas producer’s stock worth $4,320,067,000 after buying an additional 1,732,733 shares in the last quarter. Finally, Swedbank acquired a new position in Occidental Petroleum during the 3rd quarter worth about $112,990,000. 81.65% of the stock is owned by institutional investors and hedge funds.

OXY stock opened at $65.85 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.47. The firm has a market cap of $48.96 billion, a price-to-earnings ratio of 73.99, a PEG ratio of 2.93 and a beta of 0.88. Occidental Petroleum Co. has a fifty-two week low of $56.83 and a fifty-two week high of $87.67.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 12th. The oil and gas producer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. Occidental Petroleum had a return on equity of 15.43% and a net margin of 22.19%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.39 billion. During the same quarter last year, the business earned $0.41 EPS. The company’s quarterly revenue was up 33.8% compared to the same quarter last year. As a group, equities analysts expect that Occidental Petroleum Co. will post 4.93 EPS for the current fiscal year.

OXY has been the subject of several recent research reports. Evercore ISI raised Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $88.00 price objective for the company in a report on Wednesday, November 7th. Zacks Investment Research cut Occidental Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. Morgan Stanley lowered their price target on Occidental Petroleum from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, November 5th. ValuEngine cut Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, Mizuho reaffirmed a “buy” rating and issued a $82.00 price target on shares of Occidental Petroleum in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $85.26.

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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 and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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