Occidental Petroleum Corporation $OXY Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of Occidental Petroleum Corporation (NYSE:OXY) by 50.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,053 shares of the oil and gas producer’s stock after selling 39,435 shares during the period. Thrivent Financial for Lutherans’ holdings in Occidental Petroleum were worth $1,799,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moody National Bank Trust Division increased its position in shares of Occidental Petroleum by 1.5% during the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock worth $735,000 after acquiring an additional 229 shares during the last quarter. Inspire Investing LLC grew 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 purchasing an additional 247 shares in the last quarter. Inscription Capital LLC increased its holdings in Occidental Petroleum by 0.8% during the 3rd quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock worth $1,547,000 after purchasing an additional 271 shares during the last quarter. Cigna Investments Inc. New boosted its stake in shares of Occidental Petroleum by 4.3% during the 3rd quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after buying an additional 280 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of Occidental Petroleum by 2.7% during the 3rd quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock valued at $535,000 after buying an additional 296 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, November 12th. BMO Capital Markets cut their price objective on Occidental Petroleum from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, January 12th. Scotiabank reduced their price target on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research report on Friday, January 16th. Barclays began coverage on Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating for the company. Finally, The Goldman Sachs Group cut their price target on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.48.

Insiders Place Their Bets

In related news, Director William R. Klesse bought 5,000 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the transaction, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $47.26 on Thursday. The stock has a market cap of $46.56 billion, a PE ratio of 34.75 and a beta of 0.41. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $52.58. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $42.63 and a 200-day simple moving average of $43.46.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.66 billion. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. On average, sell-side analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.