Simon Quick Advisors LLC Grows Position in Occidental Petroleum Corporation $OXY

Simon Quick Advisors LLC grew its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 54.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,017 shares of the oil and gas producer’s stock after buying an additional 2,461 shares during the period. Simon Quick Advisors LLC’s holdings in Occidental Petroleum were worth $295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Occidental Petroleum in the second quarter valued at $27,000. Caitong International Asset Management Co. Ltd purchased a new stake in Occidental Petroleum during the first quarter valued at about $39,000. Hantz Financial Services Inc. grew its position in Occidental Petroleum by 1,193.9% during the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after acquiring an additional 788 shares during the period. MeadowBrook Investment Advisors LLC grew its position in Occidental Petroleum by 371.7% during the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 788 shares during the period. Finally, Spectrum Wealth Counsel LLC grew its position in Occidental Petroleum by 5,000.0% during the first quarter. Spectrum Wealth Counsel LLC now owns 1,020 shares of the oil and gas producer’s stock valued at $50,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OXY. Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Wednesday, October 8th. Bank of America boosted their price target on Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wall Street Zen downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Melius assumed coverage on Occidental Petroleum in a research report on Wednesday, August 20th. They set a “hold” rating and a $64.00 price target for the company. Finally, HSBC upgraded Occidental Petroleum from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $48.00 to $55.00 in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.26.

Occidental Petroleum Trading Down 0.6%

Shares of OXY opened at $40.94 on Tuesday. The stock’s 50-day moving average is $44.76 and its two-hundred day moving average is $43.66. The stock has a market cap of $40.30 billion, a PE ratio of 24.23 and a beta of 0.95. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $53.20. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 EPS for the quarter, topping the consensus estimate of $0.38 by $0.01. The business had revenue of $6.41 billion for the quarter, compared to analysts’ expectations of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The company’s revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Equities analysts forecast that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.