PGGM Investments Raises Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

PGGM Investments raised its position in Occidental Petroleum Co. (NYSE:OXYFree Report) by 122.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,597 shares of the oil and gas producer’s stock after acquiring an additional 3,627 shares during the quarter. PGGM Investments’ holdings in Occidental Petroleum were worth $428,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Glenview Trust Co boosted its holdings in Occidental Petroleum by 3.3% in the 2nd quarter. Glenview Trust Co now owns 4,932 shares of the oil and gas producer’s stock worth $290,000 after buying an additional 159 shares during the last quarter. KLCM Advisors Inc. boosted its holdings in shares of Occidental Petroleum by 3.3% during the 2nd quarter. KLCM Advisors Inc. now owns 4,939 shares of the oil and gas producer’s stock worth $290,000 after purchasing an additional 160 shares during the last quarter. Everhart Financial Group Inc. boosted its holdings in shares of Occidental Petroleum by 2.3% during the 3rd quarter. Everhart Financial Group Inc. now owns 7,457 shares of the oil and gas producer’s stock worth $484,000 after purchasing an additional 169 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Occidental Petroleum by 2.7% during the 3rd quarter. PFG Investments LLC now owns 6,423 shares of the oil and gas producer’s stock worth $417,000 after purchasing an additional 170 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of Occidental Petroleum by 13.9% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,421 shares of the oil and gas producer’s stock worth $92,000 after purchasing an additional 173 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Stock Down 0.1 %

Shares of NYSE OXY opened at $56.98 on Tuesday. The firm has a market cap of $50.16 billion, a price-to-earnings ratio of 12.47 and a beta of 1.64. The company has a quick ratio of 0.70, a current ratio of 0.92 and a debt-to-equity ratio of 0.88. Occidental Petroleum Co. has a 52-week low of $55.12 and a 52-week high of $67.67. The business’s 50 day moving average is $58.34 and its two-hundred day moving average is $61.42.

Occidental Petroleum (NYSE:OXYGet Free Report) last announced its earnings results on Tuesday, November 7th. The oil and gas producer reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.29. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.05 billion. Occidental Petroleum had a return on equity of 25.39% and a net margin of 18.26%. The firm’s quarterly revenue was down 22.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.44 earnings per share. Research analysts predict that Occidental Petroleum Co. will post 3.75 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on OXY shares. Susquehanna boosted their target price on Occidental Petroleum from $72.00 to $78.00 and gave the stock a “positive” rating in a report on Wednesday, October 18th. StockNews.com cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Mizuho cut Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $63.00 target price on the stock. in a report on Wednesday, January 3rd. Truist Financial lowered their target price on Occidental Petroleum from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, December 12th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Occidental Petroleum from $78.00 to $73.00 and set a “neutral” rating on the stock in a research report on Friday, December 8th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Occidental Petroleum has an average rating of “Hold” and an average target price of $70.29.

Read Our Latest Report on Occidental Petroleum

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 2,149,802 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were acquired at an average price of $56.91 per share, with a total value of $122,345,231.82. Following the completion of the transaction, the insider now owns 230,200,829 shares of the company’s stock, valued at $13,100,729,178.39. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 8,720,708 shares of company stock valued at $505,766,000 over the last quarter. 0.31% of the stock is owned by company insiders.

About Occidental Petroleum

(Free Report)

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, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.

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Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Co. (NYSE:OXYFree Report).

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

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