National Pension Service Has $80.22 Million Position in Occidental Petroleum Co. (NYSE:OXY)

National Pension Service lifted its holdings in Occidental Petroleum Co. (NYSE:OXY) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,556,461 shares of the oil and gas producer’s stock after buying an additional 133,546 shares during the period. National Pension Service owned about 0.17% of Occidental Petroleum worth $80,220,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OXY. Himalaya Capital Management LLC purchased a new position in shares of Occidental Petroleum during the 2nd quarter valued at $92,433,000. Clean Energy Transition LLP acquired a new position in Occidental Petroleum in the 1st quarter worth about $67,601,000. Sarasin & Partners LLP acquired a new stake in shares of Occidental Petroleum during the 2nd quarter valued at about $63,880,000. Scharf Investments LLC bought a new stake in shares of Occidental Petroleum in the 2nd quarter valued at approximately $42,744,000. Finally, American Century Companies Inc. increased its holdings in Occidental Petroleum by 16.8% in the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock worth $233,687,000 after buying an additional 532,318 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Trading Down 0.3 %

OXY stock opened at $50.41 on Wednesday. The business’s 50 day moving average is $52.55 and its 200-day moving average is $58.30. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. The firm has a market cap of $45.65 billion, a P/E ratio of 12.42 and a beta of 1.58. Occidental Petroleum Co. has a 1-year low of $49.51 and a 1-year high of $71.18.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.26. Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities analysts anticipate that Occidental Petroleum Co. will post 3.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total value of $697,125,000.00. Following the transaction, the insider now directly owns 165,681,578 shares of the company’s stock, valued at $5,923,116,413.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on OXY. Mizuho decreased their price objective on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Evercore ISI decreased their target price on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating for the company in a research report on Monday, September 30th. Wolfe Research started coverage on shares of Occidental Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $81.00 price objective for the company. Truist Financial dropped their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Wells Fargo & Company lowered their price target on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.72.

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, 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.