Haven Private LLC Purchases Shares of 12,928 Occidental Petroleum Corporation $OXY

Haven Private LLC acquired a new position in shares of Occidental Petroleum Corporation (NYSE:OXY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,928 shares of the oil and gas producer’s stock, valued at approximately $611,000.

Several other institutional investors have also recently added to or reduced their stakes in OXY. Vanguard Group Inc. grew its holdings in Occidental Petroleum by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock valued at $3,718,054,000 after buying an additional 8,273,030 shares during the period. Geode Capital Management LLC boosted its position in shares of Occidental Petroleum by 22.0% in the second quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock worth $756,796,000 after acquiring an additional 3,267,269 shares during the last quarter. Swedbank AB purchased a new stake in Occidental Petroleum in the third quarter valued at approximately $35,517,000. American Century Companies Inc. increased its position in Occidental Petroleum by 22.3% during the second quarter. American Century Companies Inc. now owns 3,552,655 shares of the oil and gas producer’s stock worth $149,247,000 after purchasing an additional 647,243 shares during the last quarter. Finally, State Street Corp raised its stake in Occidental Petroleum by 1.6% during the second quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock worth $1,649,147,000 after purchasing an additional 615,566 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Occidental Petroleum Trading Up 2.1%

OXY opened at $47.26 on Thursday. The firm’s 50 day moving average is $42.63 and its 200-day moving average is $43.46. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $52.58. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $46.56 billion, a P/E ratio of 34.75 and a beta of 0.41.

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

Analyst Ratings Changes

Several analysts have recently issued reports on OXY shares. Raymond James Financial reissued an “outperform” rating and set a $50.00 price objective on shares of Occidental Petroleum in a research note on Tuesday, November 25th. UBS Group lowered their price target on Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Jefferies Financial Group cut their price objective on Occidental Petroleum from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Barclays started coverage on Occidental Petroleum in a research note on Wednesday, January 21st. They issued an “equal weight” rating on the stock. Finally, Scotiabank dropped their target price on shares of Occidental Petroleum from $47.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Occidental Petroleum presently has an average rating of “Hold” and an average price target of $47.48.

Insiders Place Their Bets

In other Occidental Petroleum news, Director William R. Klesse acquired 5,000 shares of the stock in a transaction on Tuesday, December 16th. The stock was purchased at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the purchase, the director directly owned 218,913 shares in the company, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Occidental Petroleum Company 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.