Central Bank & Trust Co. Acquires 22,638 Shares of Occidental Petroleum Co. (OXY)
Central Bank & Trust Co. boosted its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 35,933.3% during the fourth quarter, HoldingsChannel reports. The firm owned 22,701 shares of the oil and gas producer’s stock after acquiring an additional 22,638 shares during the period. Central Bank & Trust Co.’s holdings in Occidental Petroleum were worth $1,672,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Fis Group Inc. purchased a new stake in Occidental Petroleum during the third quarter valued at $126,000. Enterprise Financial Services Corp raised its stake in 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 valued at $127,000 after purchasing an additional 806 shares in the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Occidental Petroleum during the second quarter valued at $147,000. Atlantic Trust LLC raised its stake in Occidental Petroleum by 23.8% during the second quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 535 shares in the last quarter. Finally, Sandy Spring Bank raised its stake in Occidental Petroleum by 139.4% during the second quarter. Sandy Spring Bank now owns 2,851 shares of the oil and gas producer’s stock valued at $171,000 after purchasing an additional 1,660 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.
Occidental Petroleum Co. (OXY) traded down $1.25 during mid-day trading on Tuesday, reaching $75.27. 4,330,000 shares of the company’s stock were exchanged, compared to its average volume of 3,840,000. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The company has a market capitalization of $57,600.00, a PE ratio of 106.01, a price-to-earnings-growth ratio of 6.83 and a beta of 0.65. Occidental Petroleum Co. has a fifty-two week low of $57.20 and a fifty-two week high of $76.79.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The firm 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 business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.15) earnings per share. equities research analysts forecast that Occidental Petroleum Co. will post 0.8 earnings per share for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Bank of America downgraded shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research report on Thursday, January 4th. Cowen reiterated a “buy” rating and set a $80.00 price objective on shares of Occidental Petroleum in a research report on Thursday, September 28th. Scotiabank reiterated a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Finally, BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $67.00.
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Occidental Petroleum 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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