Viking Fund Management LLC boosted its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 5.8% during the 4th quarter, Holdings Channel reports. The fund owned 48,600 shares of the oil and gas producer’s stock after purchasing an additional 2,650 shares during the period. Viking Fund Management LLC’s holdings in Occidental Petroleum were worth $3,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Personal Capital Advisors Corp increased its stake in Occidental Petroleum by 20.6% during the fourth quarter. Personal Capital Advisors Corp now owns 219,038 shares of the oil and gas producer’s stock worth $16,134,000 after acquiring an additional 37,356 shares during the last quarter. Cibc Bank USA increased its stake in Occidental Petroleum by 2.3% during the fourth quarter. Cibc Bank USA now owns 47,184 shares of the oil and gas producer’s stock worth $3,476,000 after acquiring an additional 1,061 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Occidental Petroleum by 332.6% during the fourth quarter. State of Alaska Department of Revenue now owns 126,461 shares of the oil and gas producer’s stock worth $9,313,000 after acquiring an additional 97,226 shares during the last quarter. Endurance Wealth Management Inc. grew its stake in shares of Occidental Petroleum by 2.1% during the fourth quarter. Endurance Wealth Management Inc. now owns 121,118 shares of the oil and gas producer’s stock valued at $8,921,000 after buying an additional 2,468 shares during the last quarter. Finally, First Bank & Trust grew its stake in shares of Occidental Petroleum by 27.7% during the fourth quarter. First Bank & Trust now owns 28,556 shares of the oil and gas producer’s stock valued at $2,103,000 after buying an additional 6,195 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Shares of Occidental Petroleum Co. (NYSE:OXY) traded up $0.16 during midday trading on Friday, hitting $75.55. The company had a trading volume of 3,220,000 shares, compared to its average volume of 3,690,000. 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 stock has a market capitalization of $57,810.00, a price-to-earnings ratio of 106.41, a price-to-earnings-growth ratio of 6.39 and a beta of 0.65. Occidental Petroleum Co. has a 12-month low of $57.20 and a 12-month high of $76.79.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results 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 firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. Occidental Petroleum’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) earnings per share. equities research analysts anticipate that Occidental Petroleum Co. will post 0.8 earnings per share for the current year.

OXY has been the topic of a number of analyst reports. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Credit Suisse Group initiated coverage on Occidental Petroleum in a research note on Monday, December 11th. They set a “neutral” rating and a $62.00 target price on the stock. Bank of America upped their target price on Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Jefferies Group upped their target price on Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, Barclays upped their target price on Occidental Petroleum from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $67.87.

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About Occidental Petroleum

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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