Cwm LLC cut its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 7.2% in the 4th quarter, Holdings Channel reports. The firm owned 419,719 shares of the oil and gas producer’s stock after selling 32,426 shares during the period. Occidental Petroleum makes up 1.4% of Cwm LLC’s portfolio, making the stock its 21st biggest position. Cwm LLC’s holdings in Occidental Petroleum were worth $30,917,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in OXY. Fis Group Inc. bought a new stake in shares of Occidental Petroleum in the 3rd quarter worth approximately $126,000. Enterprise Financial Services Corp lifted its holdings 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 acquiring an additional 806 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $147,000. Atlantic Trust LLC lifted its holdings 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 acquiring an additional 535 shares during the last quarter. Finally, Sandy Spring Bank lifted its holdings in shares of Occidental Petroleum by 139.4% in the 2nd quarter. Sandy Spring Bank now owns 2,851 shares of the oil and gas producer’s stock worth $171,000 after acquiring an additional 1,660 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Occidental Petroleum Co. (NYSE:OXY) traded up $0.71 during trading hours on Tuesday, reaching $76.53. 5,780,900 shares of the company were exchanged, compared to its average volume of 3,703,922. Occidental Petroleum Co. has a 52 week low of $57.20 and a 52 week high of $76.76. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The company has a market cap of $57,880.00, a price-to-earnings ratio of 107.79, a P/E/G ratio of 6.83 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.15) EPS. research analysts predict that Occidental Petroleum Co. will post 0.8 EPS for the current fiscal year.

A number of brokerages have recently weighed in on OXY. Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a report on Thursday, January 4th. Bank of America lowered shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. ValuEngine upgraded shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Credit Suisse Group initiated coverage on shares of Occidental Petroleum in a report on Monday, December 11th. They set a “neutral” rating and a $62.00 price target for the company. Finally, Barclays upped their price target on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a report on Monday, November 20th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $67.00.

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Occidental Petroleum Company Profile

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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