New Mexico Educational Retirement Board Decreases Holdings in Occidental Petroleum Co. (NYSE:OXY)

New Mexico Educational Retirement Board trimmed its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,059 shares of the oil and gas producer’s stock after selling 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Occidental Petroleum were worth $1,584,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OXY. H&H International Investment LLC raised its holdings in shares of Occidental Petroleum by 497.7% during the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer’s stock valued at $475,389,000 after buying an additional 7,680,598 shares in the last quarter. Scharf Investments LLC grew its position in Occidental Petroleum by 48.7% during the 4th quarter. Scharf Investments LLC now owns 2,461,033 shares of the oil and gas producer’s stock worth $121,600,000 after acquiring an additional 805,525 shares during the last quarter. Anson Funds Management LP grew its position in Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer’s stock worth $39,453,000 after acquiring an additional 745,050 shares during the last quarter. Geode Capital Management LLC grew its position in Occidental Petroleum by 3.3% during the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer’s stock worth $710,886,000 after acquiring an additional 444,850 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Occidental Petroleum during the 3rd quarter worth approximately $18,554,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Stock Up 0.5 %

OXY stock opened at $48.13 on Monday. Occidental Petroleum Co. has a 1-year low of $45.17 and a 1-year high of $71.18. The business has a fifty day moving average price of $49.00 and a 200-day moving average price of $51.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The stock has a market capitalization of $45.16 billion, a P/E ratio of 12.53 and a beta of 1.55.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the purchase, the insider now directly owns 264,941,431 shares of the company’s stock, valued at $12,404,557,799.42. This trade represents a 0.29 % 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. Insiders acquired 6,854,394 shares of company stock worth $315,101,532 over the last quarter. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Jefferies Financial Group lifted their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, November 12th. TD Cowen cut their price objective on Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Raymond James lifted their price objective on Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Wells Fargo & Company lowered their target price on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, December 9th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Occidental Petroleum currently has an average rating of “Hold” and a consensus price target of $61.71.

About Occidental Petroleum

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.