First Citizens Bank & Trust Co. reduced its stake in Occidental Petroleum Corporation (NYSE:OXY) by 35.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,025 shares of the oil and gas producer’s stock after selling 15,683 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Occidental Petroleum were worth $2,064,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Fis Group Inc. bought a new position in shares of Occidental Petroleum during the third quarter worth approximately $126,000. Enterprise Financial Services Corp increased its holdings in shares of Occidental Petroleum by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after purchasing an additional 806 shares during the period. MPS Loria Financial Planners LLC bought a new position in shares of Occidental Petroleum during the second quarter worth approximately $147,000. Glassman Wealth Services increased its holdings in shares of Occidental Petroleum by 0.3% during the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after purchasing an additional 8 shares during the period. Finally, Ffcm LLC increased its holdings in shares of Occidental Petroleum by 125.6% during the second quarter. Ffcm LLC now owns 2,603 shares of the oil and gas producer’s stock worth $159,000 after purchasing an additional 1,449 shares during the period. 80.17% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on OXY shares. Morgan Stanley raised their target price on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Jefferies Group reaffirmed a “hold” rating and set a $58.00 target price on shares of Occidental Petroleum in a report on Friday, October 6th. BMO Capital Markets set a $60.00 target price on shares of Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday, October 10th. Barclays raised their target price on shares of Occidental Petroleum from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Finally, Bank of America raised their target price on shares of Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $67.00.

Occidental Petroleum Corporation (NYSE OXY) opened at $74.25 on Thursday. The stock has a market cap of $56,820.00, a P/E ratio of 104.58, a P/E/G ratio of 7.19 and a beta of 0.65. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $75.44.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share. equities analysts anticipate that Occidental Petroleum Corporation will post 0.79 EPS for the current fiscal year.

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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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