S&CO Inc. Sells 19,805 Shares of Occidental Petroleum Corporation $OXY

S&CO Inc. reduced its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 15.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,115 shares of the oil and gas producer’s stock after selling 19,805 shares during the quarter. S&CO Inc.’s holdings in Occidental Petroleum were worth $4,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Occidental Petroleum during the second quarter valued at approximately $27,000. City Holding Co. boosted its stake in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after purchasing an additional 500 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after purchasing an additional 788 shares in the last quarter. GoalVest Advisory LLC purchased a new position in shares of Occidental Petroleum in the third quarter worth $38,000. Finally, MeadowBrook Investment Advisors LLC lifted its holdings in shares of Occidental Petroleum by 371.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $42,000 after purchasing an additional 788 shares in the last quarter. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $46.69 on Tuesday. The stock has a market cap of $46.00 billion, a P/E ratio of 34.33 and a beta of 0.41. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The stock’s fifty day moving average is $42.45 and its 200 day moving average is $43.42. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $52.58.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. Occidental Petroleum’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OXY shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a report on Thursday, January 22nd. BMO Capital Markets reduced their price target on shares of Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating for the company in a research note on Monday, January 12th. Citigroup lowered their price objective on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. HSBC dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Finally, Mizuho boosted their target price on shares of Occidental Petroleum from $60.00 to $64.00 and gave the company an “outperform” rating in a research note on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $47.48.

Insider Activity

In other news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction that occurred on Tuesday, December 16th. The stock was bought at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. The trade was a 2.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Occidental Petroleum Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.