Mutual of Omaha Bank Wealth Management bought a new position in shares of Occidental Petroleum Co. (NYSE:OXY) during the fourth quarter, Holdings Channel reports. The institutional investor bought 5,945 shares of the oil and gas producer’s stock, valued at approximately $365,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Country Trust Bank increased its holdings in Occidental Petroleum by 434.6% during the fourth quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock worth $26,000 after buying an additional 339 shares during the last quarter. We Are One Seven LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $25,000. Heritage Trust Co increased its holdings in Occidental Petroleum by 496.2% during the fourth quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock worth $29,000 after buying an additional 387 shares during the last quarter. Lenox Wealth Advisors LLC acquired a new position in Occidental Petroleum during the fourth quarter worth $37,000. Finally, Essex Savings Bank acquired a new position in Occidental Petroleum during the fourth quarter worth $64,000. Institutional investors and hedge funds own 81.12% of the company’s stock.
A number of research firms have commented on OXY. Barclays began coverage on shares of Occidental Petroleum in a research report on Monday, November 12th. They set an “overweight” rating and a $84.00 price objective for the company. ValuEngine raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Evercore ISI raised shares of Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $88.00 price objective for the company in a research report on Wednesday, November 7th. Mitsubishi UFJ Financial Group reduced their price objective on shares of Occidental Petroleum to $92.00 and set a “neutral” rating for the company in a research report on Tuesday, October 16th. Finally, Raymond James raised shares of Occidental Petroleum from an “outperform” rating to a “strong-buy” rating in a research report on Monday, October 22nd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $87.16.
Shares of Occidental Petroleum stock opened at $64.96 on Friday. The stock has a market capitalization of $49.05 billion, a PE ratio of 72.99, a price-to-earnings-growth ratio of 2.93 and a beta of 0.88. Occidental Petroleum Co. has a 52-week low of $56.83 and a 52-week high of $87.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.33 and a quick ratio of 1.21.
Occidental Petroleum Company Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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