Bp Plc Decreases Holdings in Occidental Petroleum Co. (OXY)

Bp Plc lowered its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,000 shares of the oil and gas producer’s stock after selling 17,000 shares during the period. Bp Plc’s holdings in Occidental Petroleum were worth $4,849,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 62,477,713 shares of the oil and gas producer’s stock valued at $5,133,793,000 after buying an additional 1,370,841 shares during the period. Vanguard Group Inc boosted its stake in shares of Occidental Petroleum by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 62,477,713 shares of the oil and gas producer’s stock valued at $5,133,793,000 after buying an additional 1,370,841 shares during the period. BlackRock Inc. boosted its stake in shares of Occidental Petroleum by 3.4% during the 3rd quarter. BlackRock Inc. now owns 52,574,756 shares of the oil and gas producer’s stock valued at $4,320,067,000 after buying an additional 1,732,733 shares during the period. Capital World Investors boosted its stake in shares of Occidental Petroleum by 9.6% during the 3rd quarter. Capital World Investors now owns 23,423,802 shares of the oil and gas producer’s stock valued at $1,924,734,000 after buying an additional 2,056,863 shares during the period. Finally, Dodge & Cox boosted its stake in shares of Occidental Petroleum by 58.7% during the 3rd quarter. Dodge & Cox now owns 9,887,895 shares of the oil and gas producer’s stock valued at $812,488,000 after buying an additional 3,656,670 shares during the period. 81.65% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on OXY shares. Raymond James raised shares of Occidental Petroleum from an “outperform” rating to a “strong-buy” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. ValuEngine lowered shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Morgan Stanley reduced their price objective on shares of Occidental Petroleum from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Monday, November 5th. Evercore ISI raised shares of Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $88.00 price objective for the company in a research note on Wednesday, November 7th. Finally, Barclays assumed coverage on shares of Occidental Petroleum in a research note on Monday, November 12th. They issued an “overweight” rating and a $84.00 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 issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $85.26.

Shares of OXY opened at $65.85 on Thursday. The firm has a market capitalization of $48.96 billion, a P/E ratio of 73.99, a PEG ratio of 2.93 and a beta of 0.88. Occidental Petroleum Co. has a one year low of $56.83 and a one year high of $87.67. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.47.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Tuesday, February 12th. The oil and gas producer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The firm had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.39 billion. Occidental Petroleum had a net margin of 22.19% and a return on equity of 15.43%. The business’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. On average, research analysts expect that Occidental Petroleum Co. will post 4.93 EPS for the current fiscal year.

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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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