Occidental Petroleum Co. (NYSE:OXY) Shares Sold by Diversify Advisory Services LLC

Diversify Advisory Services LLC lessened its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,324 shares of the oil and gas producer’s stock after selling 1,313 shares during the quarter. Diversify Advisory Services LLC’s holdings in Occidental Petroleum were worth $1,059,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after buying an additional 304 shares during the last quarter. Smithbridge Asset Management Inc. DE increased its position in Occidental Petroleum by 78.5% during the third quarter. Smithbridge Asset Management Inc. DE now owns 73,616 shares of the oil and gas producer’s stock worth $3,794,000 after purchasing an additional 32,369 shares during the last quarter. Carret Asset Management LLC raised its stake in Occidental Petroleum by 52.0% during the third quarter. Carret Asset Management LLC now owns 8,581 shares of the oil and gas producer’s stock worth $442,000 after purchasing an additional 2,935 shares during the period. Clear Harbor Asset Management LLC grew its stake in shares of Occidental Petroleum by 138.4% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 41,030 shares of the oil and gas producer’s stock valued at $2,115,000 after buying an additional 23,816 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of Occidental Petroleum by 13.7% during the 3rd quarter. PFG Investments LLC now owns 20,163 shares of the oil and gas producer’s stock worth $1,039,000 after buying an additional 2,436 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Analyst Upgrades and Downgrades

OXY has been the subject of several research analyst reports. Truist Financial dropped their price target on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Monday, September 30th. StockNews.com lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Saturday, October 5th. Bank of America began coverage on shares of Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price target on the stock. Wolfe Research started coverage on shares of Occidental Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $81.00 target price on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Occidental Petroleum in a report on Wednesday, October 2nd. They set a “neutral” rating and a $55.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $65.72.

Occidental Petroleum Stock Performance

Shares of OXY opened at $50.18 on Thursday. The company has a quick ratio of 0.75, a current ratio of 1.04 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $53.09 and its two-hundred day moving average is $58.83. The firm has a market cap of $45.44 billion, a price-to-earnings ratio of 12.36 and a beta of 1.57. Occidental Petroleum Co. has a 52-week low of $49.75 and a 52-week high of $71.18.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.26. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the company earned $0.68 earnings per share. Occidental Petroleum’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts forecast that Occidental Petroleum Co. will post 3.31 EPS for the current fiscal year.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of Occidental Petroleum stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the sale, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.48% of the company’s stock.

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.