Occidental Petroleum Co. (NYSE:OXY) Holdings Lowered by Pratt Collard Advisory Partners LLC

Pratt Collard Advisory Partners LLC trimmed its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 19.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,260 shares of the oil and gas producer’s stock after selling 1,775 shares during the quarter. Pratt Collard Advisory Partners LLC’s holdings in Occidental Petroleum were worth $323,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in OXY. Mizuho Securities Co. Ltd. bought a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $30,000. Global Trust Asset Management LLC raised its holdings in shares of Occidental Petroleum by 2,725.6% in the 2nd quarter. Global Trust Asset Management LLC now owns 12,122 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 11,693 shares in the last quarter. Truewealth LLC raised its holdings in shares of Occidental Petroleum by 52.4% in the 3rd quarter. Truewealth LLC now owns 785 shares of the oil and gas producer’s stock worth $35,000 after purchasing an additional 270 shares in the last quarter. TRUE Private Wealth Advisors bought a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $36,000. Finally, Kavar Capital Partners LLC bought a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $39,000. Institutional investors own 85.33% of the company’s stock.

In related news, CFO Cedric W. Burgher acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $43.27 per share, with a total value of $108,175.00. Following the completion of the transaction, the chief financial officer now owns 79,342 shares of the company’s stock, valued at approximately $3,433,128.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Bob Shearer acquired 15,000 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $50.22 per share, for a total transaction of $753,300.00. Following the completion of the transaction, the director now directly owns 19,218 shares of the company’s stock, valued at approximately $965,127.96. The disclosure for this purchase can be found here. Insiders have purchased 38,500 shares of company stock worth $1,793,075 over the last ninety days. 0.15% of the stock is currently owned by insiders.

OXY has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating and set a $34.00 target price on the stock in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on shares of Occidental Petroleum in a report on Tuesday, August 13th. They issued an “underweight” rating and a $50.00 target price on the stock. Raymond James dropped their target price on shares of Occidental Petroleum from $80.00 to $70.00 and set a “strong-buy” rating on the stock in a report on Thursday. Wells Fargo & Co dropped their target price on shares of Occidental Petroleum from $53.00 to $48.00 and set a “market perform” rating on the stock in a report on Friday, August 16th. Finally, Goldman Sachs Group assumed coverage on shares of Occidental Petroleum in a report on Tuesday, August 27th. They set a “neutral” rating and a $52.50 price target on the stock. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $61.55.

Shares of OXY stock traded up $0.44 during trading hours on Friday, reaching $40.77. 4,379,406 shares of the stock traded hands, compared to its average volume of 7,160,862. Occidental Petroleum Co. has a 1-year low of $39.97 and a 1-year high of $75.79. The business has a fifty day moving average price of $43.89 and a 200 day moving average price of $50.95. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $30.53 billion, a PE ratio of 8.14, a PEG ratio of 2.87 and a beta of 0.84.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.06. Occidental Petroleum had a net margin of 19.65% and a return on equity of 17.06%. The business had revenue of $4.48 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Research analysts expect that Occidental Petroleum Co. will post 2.8 earnings per share for the current fiscal year.

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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