CENTRAL TRUST Co reduced its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,352 shares of the oil and gas producer’s stock after selling 933 shares during the period. CENTRAL TRUST Co’s holdings in Occidental Petroleum were worth $2,235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fis Group Inc. purchased a new stake in shares of Occidental Petroleum in the 3rd quarter worth about $126,000. Enterprise Financial Services Corp boosted its position in shares of Occidental Petroleum by 68.5% in the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 806 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Occidental Petroleum in the 2nd quarter worth about $147,000. Davis R M Inc. purchased a new stake in shares of Occidental Petroleum in the 4th quarter worth about $203,000. Finally, Atlantic Trust LLC boosted its position in shares of Occidental Petroleum by 23.8% in the 2nd quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock worth $154,000 after buying an additional 535 shares in the last quarter. Institutional investors own 80.15% of the company’s stock.

Occidental Petroleum Co. (OXY) opened at $77.42 on Wednesday. Occidental Petroleum Co. has a one year low of $57.20 and a one year high of $77.90. The firm has a market cap of $59,250.00, a PE ratio of 109.04, a P/E/G ratio of 5.54 and a beta of 0.65. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted ($0.15) EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. equities analysts expect that Occidental Petroleum Co. will post 0.84 earnings per share for the current fiscal year.

Several equities research analysts recently commented on OXY shares. Bank of America boosted their price objective on shares of Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Goldman Sachs Group upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Cowen reiterated a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum in a research report on Thursday, September 28th. Morgan Stanley boosted their price objective on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, Mizuho reiterated a “hold” rating and issued a $64.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Occidental Petroleum has an average rating of “Hold” and an average price target of $68.87.

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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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