Occidental Petroleum Corporation $OXY Shares Purchased by Lincoln Capital LLC

Lincoln Capital LLC raised its position in Occidental Petroleum Corporation (NYSE:OXY) by 74.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 124,642 shares of the oil and gas producer’s stock after acquiring an additional 53,004 shares during the quarter. Occidental Petroleum makes up about 1.0% of Lincoln Capital LLC’s holdings, making the stock its 23rd biggest holding. Lincoln Capital LLC’s holdings in Occidental Petroleum were worth $5,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Occidental Petroleum by 10.3% during the second quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock worth $3,718,054,000 after purchasing an additional 8,273,030 shares in the last quarter. State Street Corp boosted its position in shares of Occidental Petroleum by 1.6% during the 2nd quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock worth $1,649,147,000 after acquiring an additional 615,566 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Occidental Petroleum by 22.0% in the 2nd quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock valued at $756,796,000 after acquiring an additional 3,267,269 shares during the last quarter. Fairfax Financial Holdings Ltd. Can raised its position in shares of Occidental Petroleum by 0.5% during the 2nd quarter. Fairfax Financial Holdings Ltd. Can now owns 6,050,418 shares of the oil and gas producer’s stock worth $254,118,000 after acquiring an additional 30,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Occidental Petroleum by 11.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,955,130 shares of the oil and gas producer’s stock worth $208,165,000 after purchasing an additional 522,408 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Occidental Petroleum

In other news, Director William R. Klesse purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. The trade was a 2.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

OXY has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating on the stock in a report on Thursday, January 22nd. Citigroup cut their target price on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Zacks Research cut Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Barclays started coverage on Occidental Petroleum in a research report on Wednesday, January 21st. They set an “equal weight” rating on the stock. Finally, Susquehanna decreased their price objective on Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating for the company in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.48.

Occidental Petroleum Trading Up 3.1%

Shares of OXY stock opened at $46.65 on Thursday. The company has a market capitalization of $45.96 billion, a P/E ratio of 34.30 and a beta of 0.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $42.20 and its two-hundred day moving average is $43.38. Occidental Petroleum Corporation has a twelve month low of $34.78 and a twelve month high of $52.58.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

Occidental Petroleum Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.