Occidental Petroleum Co. (OXY) Holdings Lifted by National Pension Service

National Pension Service raised its holdings in Occidental Petroleum Co. (NYSE:OXY) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 677,633 shares of the oil and gas producer’s stock after purchasing an additional 19,317 shares during the quarter. National Pension Service’s holdings in Occidental Petroleum were worth $49,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in Occidental Petroleum by 2.1% in 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 period. Macquarie Group Ltd. grew its stake in shares of 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 worth $715,381,000 after acquiring an additional 418,349 shares during the period. Capital International Investors grew its stake in shares of 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 worth $531,251,000 after acquiring an additional 289,718 shares during the period. Epoch Investment Partners Inc. grew its stake in shares of 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 worth $520,341,000 after acquiring an additional 1,461,761 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of 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 worth $421,505,000 after acquiring an additional 175,502 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Occidental Petroleum Co. (NYSE OXY) opened at $75.27 on Wednesday. Occidental Petroleum Co. has a 12 month low of $57.20 and a 12 month high of $76.79. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $58,564.23, a PE ratio of 107.53, a price-to-earnings-growth ratio of 6.83 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the company earned ($0.15) EPS. The firm’s revenue was up 13.3% compared to the same quarter last year. equities analysts expect that Occidental Petroleum Co. will post 0.8 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Cowen reiterated a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum in a research note on Thursday, September 28th. Mizuho reiterated a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a research note on Friday, November 3rd. Bank of America increased their price target on Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a research note on Friday, October 13th. Goldman Sachs Group upgraded Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Finally, Barclays increased their price target on Occidental Petroleum from $45.00 to $47.00 and gave the stock an “underweight” rating in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $67.53.

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Occidental Petroleum Company 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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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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