Vanguard Group Inc. Acquires 697,521 Shares of Occidental Petroleum Corporation $OXY

Vanguard Group Inc. lifted its holdings in Occidental Petroleum Corporation (NYSE:OXY) by 0.8% in the third quarter, Holdings Channel reports. The fund owned 89,201,540 shares of the oil and gas producer’s stock after purchasing an additional 697,521 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Occidental Petroleum worth $4,214,773,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Occidental Petroleum in the 2nd quarter valued at approximately $27,000. City Holding Co. raised its holdings in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares during the period. Hantz Financial Services Inc. lifted its position in Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock worth $36,000 after buying an additional 788 shares during the last quarter. GoalVest Advisory LLC purchased a new position in Occidental Petroleum during the third quarter worth $38,000. Finally, MeadowBrook Investment Advisors LLC increased 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 last quarter. 88.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Barclays assumed coverage on shares of Occidental Petroleum in a research note on Wednesday, January 21st. They set an “equal weight” rating for the company. Scotiabank cut their target price on Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Bank of America increased their price target on Occidental Petroleum from $44.00 to $45.00 in a report on Tuesday, January 27th. TD Cowen upgraded Occidental Petroleum to a “hold” rating in a report on Monday, February 9th. Finally, Citigroup cut their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.48.

Occidental Petroleum Trading Down 0.3%

OXY opened at $45.92 on Wednesday. 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 stock’s fifty day moving average is $42.94 and its two-hundred day moving average is $43.49. The company has a market capitalization of $45.24 billion, a P/E ratio of 33.76 and a beta of 0.41. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 week high of $52.58.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse bought 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were bought at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the acquisition, the director directly owned 218,913 shares in the company, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

Occidental Petroleum 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.