swisspartners Advisors Ltd Buys 25,710 Shares of Occidental Petroleum Corporation $OXY
swisspartners Advisors Ltd increased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY — Free Report) by 19.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,070 shares of the oil and gas producer’s stock after acquiring an additional 25,710 shares during the quarter. Occidental Petroleum comprises approximately 6.1% of swisspartners Advisors Ltd’s holdings, making the stock its 10th largest holding. swisspartners Advisors Ltd’s holdings in Occidental Petroleum were worth $7,441,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Moody National Bank Trust Division lifted its stake in shares of Occidental Petroleum by 1.5% in the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after buying an additional 229 shares during the period. Inspire Investing LLC raised its holdings in Occidental Petroleum by 3.8% in the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after acquiring an additional 247 shares in the last quarter. Inscription Capital LLC lifted its position in shares of Occidental Petroleum by 0.8% in the 3rd quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock worth $1,547,000 after acquiring an additional 271 shares during the period. Cigna Investments Inc. New grew its holdings in shares of Occidental Petroleum by 4.3% during the 3rd quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock worth $321,000 after purchasing an additional 280 shares in the last quarter. Finally, Greenleaf Trust increased its position in shares of Occidental Petroleum by 2.7% during the third quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock valued at $535,000 after purchasing an additional 296 shares during the period. 88.70% of the stock is owned by institutional investors.
Insider Buying and Selling at Occidental Petroleum
In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.
Analysts Set New Price Targets
OXY has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 20th. Citigroup decreased their target price on shares of Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Barclays started coverage on shares of Occidental Petroleum in a research note on Wednesday, January 21st. They issued an “equal weight” rating on the stock. Piper Sandler raised their price target on shares of Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group lowered their price objective on Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $47.48.
Get Our Latest Stock Report on OXY
Occidental Petroleum Stock Performance
NYSE:OXY opened at $46.65 on Thursday. The stock has a market capitalization of $45.96 billion, a P/E ratio of 34.30 and a beta of 0.41. 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 1 year low of $34.78 and a 1 year high of $52.58. The firm has a 50 day moving average of $42.20 and a 200-day moving average of $43.38.
Occidental Petroleum (NYSE:OXY — Get Free Report) last released its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the company earned $1.00 EPS. Occidental Petroleum’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.
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.
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