swisspartners Advisors Ltd Grows Stock Holdings in Occidental Petroleum Corporation $OXY

swisspartners Advisors Ltd increased its stake in Occidental Petroleum Corporation (NYSE:OXY) by 19.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 157,070 shares of the oil and gas producer’s stock after acquiring an additional 25,710 shares during the period. Occidental Petroleum comprises 6.1% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 10th biggest position. swisspartners Advisors Ltd’s holdings in Occidental Petroleum were worth $7,441,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Occidental Petroleum during the second quarter worth $27,000. City Holding Co. raised its holdings in Occidental Petroleum by 250.0% during the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock worth $33,000 after purchasing an additional 500 shares during the last quarter. GoalVest Advisory LLC acquired a new position in Occidental Petroleum during the 3rd quarter valued at about $38,000. Hantz Financial Services Inc. boosted its stake in shares of Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after purchasing an additional 788 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC grew its position in shares of Occidental Petroleum by 371.7% during the 2nd quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock worth $42,000 after buying an additional 788 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director William R. Klesse acquired 5,000 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director directly owned 218,913 shares in the company, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on OXY shares. Bank of America increased their price objective on shares of Occidental Petroleum from $44.00 to $45.00 in a report on Tuesday, January 27th. JPMorgan Chase & Co. reduced their price target on Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 20th. Citigroup dropped their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. UBS Group reduced their target price on Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, December 12th. Finally, Wells Fargo & Company lowered their price target on Occidental Petroleum from $42.00 to $40.00 and set an “underweight” rating for the company in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.48.

Occidental Petroleum Stock Up 3.1%

Shares of Occidental Petroleum 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 debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. The business has a 50-day moving average of $42.20 and a two-hundred day moving average of $43.38. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $52.58.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.16. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.66 billion. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.Occidental Petroleum’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. As a group, equities analysts predict 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.