25,943 Shares in Occidental Petroleum Corporation $OXY Acquired by Caprock Group LLC

Caprock Group LLC purchased a new stake in shares of Occidental Petroleum Corporation (NYSE:OXY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,943 shares of the oil and gas producer’s stock, valued at approximately $1,235,000.

Several other hedge funds also recently modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of Occidental Petroleum by 1.4% in the 3rd quarter. Rhumbline Advisers now owns 1,262,544 shares of the oil and gas producer’s stock valued at $59,655,000 after purchasing an additional 18,027 shares during the period. Stratos Investment Management LLC bought a new stake in Occidental Petroleum in the third quarter valued at about $204,000. Baader Bank Aktiengesellschaft lifted its stake in Occidental Petroleum by 34.7% in the third quarter. Baader Bank Aktiengesellschaft now owns 20,349 shares of the oil and gas producer’s stock valued at $961,000 after buying an additional 5,243 shares during the period. Arista Wealth Management LLC acquired a new position in shares of Occidental Petroleum during the 3rd quarter worth about $331,000. Finally, Profund Advisors LLC increased its stake in shares of Occidental Petroleum by 2.8% in the 3rd quarter. Profund Advisors LLC now owns 29,165 shares of the oil and gas producer’s stock valued at $1,378,000 after acquiring an additional 802 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Analyst Ratings Changes

OXY has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price objective on shares of Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating for the company in a report on Thursday, January 22nd. Citigroup dropped their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. 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 report on Wednesday, November 12th. JPMorgan Chase & Co. cut their price objective on Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating on the stock in a report on Tuesday, January 20th. Finally, HSBC dropped their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.48.

Occidental Petroleum Stock Performance

NYSE OXY opened at $46.02 on Friday. The firm’s fifty day moving average price is $42.76 and its two-hundred day moving average price is $43.46. The firm has a market capitalization of $45.34 billion, a P/E ratio of 33.84 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. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $52.58.

Insider Activity at Occidental Petroleum

In other news, Director William R. Klesse bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, with a total value of $194,900.00. Following the completion of the transaction, the director owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

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.