Mesirow Financial Investment Management Inc. Purchases 5,085 Shares of Occidental Petroleum Corporation $OXY

Mesirow Financial Investment Management Inc. boosted its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 88.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,829 shares of the oil and gas producer’s stock after acquiring an additional 5,085 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Occidental Petroleum were worth $455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northeast Financial Consultants Inc lifted its holdings in shares of Occidental Petroleum by 0.4% during the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock valued at $2,890,000 after purchasing an additional 242 shares in the last quarter. Inspire Investing LLC lifted its stake in Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after acquiring an additional 247 shares during the period. S.A. Mason LLC lifted its stake in Occidental Petroleum by 5.9% during the 2nd quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock valued at $223,000 after acquiring an additional 295 shares during the period. Moody National Bank Trust Division lifted its stake in Occidental Petroleum by 2.0% during the 2nd quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock valued at $644,000 after acquiring an additional 300 shares during the period. Finally, Verdence Capital Advisors LLC lifted its stake in Occidental Petroleum by 3.7% during the 2nd quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock valued at $354,000 after acquiring an additional 300 shares during the period. 88.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on OXY. Susquehanna lowered their price objective on shares of Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Scotiabank increased their price target on Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. Wall Street Zen downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Hsbc Global Res raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.26.

Occidental Petroleum Price Performance

Shares of Occidental Petroleum stock opened at $41.23 on Friday. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $53.20. The stock’s fifty day moving average is $44.87 and its 200 day moving average is $43.61. The stock has a market cap of $40.59 billion, a P/E ratio of 24.40 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.29 billion. During the same quarter last year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Sell-side analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Occidental Petroleum Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.