Occidental Petroleum Co. (OXY) Shares Sold by Cwm LLC
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.
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.
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.
Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Co. (NYSE:OXY).
Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.