Sawyer & Company Inc Acquires New Position in Occidental Petroleum Corporation (OXY)

Sawyer & Company Inc acquired a new position in Occidental Petroleum Corporation (NYSE:OXY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,967 shares of the oil and gas producer’s stock, valued at approximately $1,250,000.

Other large investors have also added to or reduced their stakes in the company. Fis Group Inc. purchased a new stake in Occidental Petroleum in the third quarter worth about $126,000. Enterprise Financial Services Corp lifted its stake in Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after acquiring an additional 806 shares during the period. MPS Loria Financial Planners LLC purchased a new stake in Occidental Petroleum in the second quarter worth about $147,000. Glassman Wealth Services lifted its stake in Occidental Petroleum by 0.3% in the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 8 shares during the period. Finally, Atlantic Trust LLC lifted its stake in Occidental Petroleum by 23.8% in the second quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock worth $154,000 after acquiring an additional 535 shares during the period. 80.17% of the stock is owned by institutional investors.

Occidental Petroleum Corporation (NYSE:OXY) traded down $0.64 on Thursday, hitting $74.25. 4,094,300 shares of the stock traded hands, compared to its average volume of 3,213,343. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $75.44. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $58,020.00, a P/E ratio of 104.58, a P/E/G ratio of 7.19 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. research analysts expect that Occidental Petroleum Corporation will post 0.79 EPS for the current fiscal year.

A number of analysts recently weighed in on the stock. Cowen reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum in a research note on Thursday, September 28th. Mizuho reissued a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a research report on Friday, November 3rd. Bank of America increased their price target on shares of Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Barclays increased their price target on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Occidental Petroleum presently has an average rating of “Hold” and a consensus price target of $67.00.

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About Occidental Petroleum

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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

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