Wealthfront Advisers LLC Sells 17,190 Shares of Occidental Petroleum Corporation $OXY

Wealthfront Advisers LLC trimmed its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 5.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,948 shares of the oil and gas producer’s stock after selling 17,190 shares during the quarter. Wealthfront Advisers LLC’s holdings in Occidental Petroleum were worth $15,070,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Occidental Petroleum in the 2nd quarter valued at $27,000. City Holding Co. lifted its stake in shares of Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. Hantz Financial Services Inc. boosted 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 purchasing an additional 788 shares in the last quarter. GoalVest Advisory LLC purchased a new position in Occidental Petroleum in the third quarter valued at about $38,000. Finally, MeadowBrook Investment Advisors LLC raised its holdings in Occidental Petroleum by 371.7% in the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after purchasing an additional 788 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on shares of Occidental Petroleum from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. Zacks Research cut shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. HSBC lowered their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Mizuho upped their price target on Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a report on Thursday, January 22nd. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $47.48.

Insider Transactions at Occidental Petroleum

In other news, Director William R. Klesse purchased 5,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was bought at an average price of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director owned 218,913 shares in the company, valued at $8,533,228.74. The trade was a 2.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

Occidental Petroleum Stock Down 0.8%

NYSE:OXY opened at $46.30 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. Occidental Petroleum Corporation has a twelve month low of $34.78 and a twelve month high of $52.58. The company has a market cap of $45.62 billion, a PE ratio of 34.04 and a beta of 0.41. The company’s 50 day moving average is $42.54 and its two-hundred day moving average is $43.43.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, topping the consensus estimate of $0.48 by $0.16. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.66 billion. Occidental Petroleum had a net margin of 7.81% and a return on equity of 12.35%. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. Analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Company 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.