Occidental Petroleum Co. (OXY) Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 71.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,927 shares of the oil and gas producer’s stock after selling 26,853 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Occidental Petroleum were worth $671,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in OXY. We Are One Seven LLC bought a new stake in Occidental Petroleum during the 4th quarter valued at approximately $25,000. Heritage Trust Co lifted its position in shares of Occidental Petroleum by 496.2% in the 4th quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 387 shares during the period. Lenox Wealth Advisors LLC bought a new stake in shares of Occidental Petroleum in the 4th quarter worth approximately $37,000. Gemmer Asset Management LLC lifted its position in shares of Occidental Petroleum by 157.5% in the 4th quarter. Gemmer Asset Management LLC now owns 1,259 shares of the oil and gas producer’s stock worth $77,000 after acquiring an additional 770 shares during the period. Finally, Moody National Bank Trust Division lifted its position in shares of Occidental Petroleum by 67.9% in the 4th quarter. Moody National Bank Trust Division now owns 1,301 shares of the oil and gas producer’s stock worth $80,000 after acquiring an additional 526 shares during the period. Hedge funds and other institutional investors own 81.65% of the company’s stock.

A number of brokerages have commented on OXY. Zacks Investment Research downgraded Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Friday, January 11th. Atlantic Securities upgraded Occidental Petroleum from a “neutral” rating to an “overweight” rating and set a $85.00 price objective for the company in a research report on Friday, December 21st. Capital One Financial downgraded Occidental Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. KeyCorp began coverage on Occidental Petroleum in a research report on Thursday, December 20th. They issued an “overweight” rating and a $75.00 price objective for the company. Finally, Cowen began coverage on Occidental Petroleum in a research report on Thursday, November 29th. They issued a “market perform” rating and a $80.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $87.16.

Shares of OXY opened at $64.96 on Monday. Occidental Petroleum Co. has a 1 year low of $56.83 and a 1 year high of $87.67. The company has a quick ratio of 1.21, a current ratio of 1.33 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $49.05 billion, a PE ratio of 72.99, a P/E/G ratio of 2.93 and a beta of 0.88.

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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 and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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