Patten & Patten Inc. TN cut its position in Occidental Petroleum Co. (NYSE:OXY) by 20.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,063 shares of the oil and gas producer’s stock after selling 5,736 shares during the period. Patten & Patten Inc. TN’s holdings in Occidental Petroleum were worth $1,625,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in OXY. Vanguard Group Inc. lifted its holdings in Occidental Petroleum by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock valued at $3,304,357,000 after purchasing an additional 1,119,588 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Occidental Petroleum by 3.6% during the 2nd quarter. Macquarie Group Ltd. now owns 11,948,897 shares of the oil and gas producer’s stock valued at $715,381,000 after purchasing an additional 418,349 shares during the last quarter. Capital International Investors lifted its holdings in Occidental Petroleum by 3.6% during the 3rd quarter. Capital International Investors now owns 8,273,652 shares of the oil and gas producer’s stock valued at $531,251,000 after purchasing an additional 289,718 shares during the last quarter. Epoch Investment Partners Inc. lifted its holdings in Occidental Petroleum by 22.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock valued at $520,341,000 after purchasing an additional 1,461,761 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Occidental Petroleum by 2.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,564,040 shares of the oil and gas producer’s stock valued at $421,505,000 after purchasing an additional 175,502 shares during the last quarter. 80.15% of the stock is owned by institutional investors and hedge funds.

Shares of Occidental Petroleum Co. (OXY) opened at $77.63 on Tuesday. Occidental Petroleum Co. has a twelve month low of $57.20 and a twelve month high of $77.63. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $57,814.29, a price-to-earnings ratio of 110.90, a PEG ratio of 5.54 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the firm earned ($0.15) earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. research analysts forecast that Occidental Petroleum Co. will post 0.84 EPS for the current fiscal year.

Several brokerages have issued reports on OXY. Cowen reaffirmed a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum in a report on Thursday, September 28th. Mizuho reaffirmed a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a report on Friday, November 3rd. Bank of America raised their price target on Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, October 13th. Citigroup raised Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price target for the company in a report on Monday. Finally, Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four 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 $68.87.

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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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