Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Slocum Gordon & Co LLP

Slocum Gordon & Co LLP lowered its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 4.7% during the 4th quarter, Holdings Channel reports. The fund owned 35,827 shares of the oil and gas producer’s stock after selling 1,773 shares during the period. Occidental Petroleum makes up approximately 1.5% of Slocum Gordon & Co LLP’s portfolio, making the stock its 24th largest holding. Slocum Gordon & Co LLP’s holdings in Occidental Petroleum were worth $1,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. Czech National Bank lifted its holdings in Occidental Petroleum by 8.3% in the third quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock worth $7,069,000 after purchasing an additional 10,456 shares during the period. Northstar Group Inc. lifted its stake in shares of Occidental Petroleum by 55.1% in the 3rd quarter. Northstar Group Inc. now owns 10,839 shares of the oil and gas producer’s stock worth $559,000 after acquiring an additional 3,852 shares during the period. Peirce Capital Management LLC increased its stake in shares of Occidental Petroleum by 22.2% during the third quarter. Peirce Capital Management LLC now owns 4,299 shares of the oil and gas producer’s stock valued at $222,000 after acquiring an additional 782 shares during the period. B & T Capital Management DBA Alpha Capital Management raised its holdings in Occidental Petroleum by 2.6% during the third quarter. B & T Capital Management DBA Alpha Capital Management now owns 38,217 shares of the oil and gas producer’s stock worth $1,970,000 after purchasing an additional 984 shares in the last quarter. Finally, Tobam lifted its position in Occidental Petroleum by 28.8% in the third quarter. Tobam now owns 1,904 shares of the oil and gas producer’s stock worth $98,000 after purchasing an additional 426 shares during the period. Institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

OXY opened at $46.95 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum Co. has a 1 year low of $45.17 and a 1 year high of $71.18. The stock has a fifty day moving average price of $49.18 and a 200 day moving average price of $52.23. The stock has a market cap of $44.05 billion, a price-to-earnings ratio of 12.23 and a beta of 1.55.

Analyst Ratings Changes

A number of analysts have recently commented on OXY shares. StockNews.com downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Financial Group upped their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the company a “hold” rating in a report on Tuesday, November 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research note on Friday, November 8th. Susquehanna reduced their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a report on Thursday, November 14th. Finally, The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price target for the company from $54.00 to $45.00 in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $61.71.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.48% of the stock is owned by corporate insiders.

Occidental Petroleum Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.