Machina Capital S.A.S. Takes $474,000 Position in Occidental Petroleum Corporation $OXY

Machina Capital S.A.S. purchased a new stake in Occidental Petroleum Corporation (NYSE:OXY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 11,273 shares of the oil and gas producer’s stock, valued at approximately $474,000.

A number of other large investors have also recently bought and sold shares of the stock. Northeast Financial Consultants Inc grew its position in Occidental Petroleum by 0.4% in the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer’s stock valued at $2,890,000 after acquiring an additional 242 shares during the period. Inspire Investing LLC grew its position in Occidental Petroleum by 3.8% in the second quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock valued at $282,000 after acquiring an additional 247 shares during the period. S.A. Mason LLC grew its position in Occidental Petroleum by 5.9% in the second quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer’s stock valued at $223,000 after acquiring an additional 295 shares during the period. Moody National Bank Trust Division grew its position in Occidental Petroleum by 2.0% in the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer’s stock valued at $644,000 after acquiring an additional 300 shares during the period. Finally, Verdence Capital Advisors LLC grew its position in Occidental Petroleum by 3.7% in the second quarter. Verdence Capital Advisors LLC now owns 8,437 shares of the oil and gas producer’s stock valued at $354,000 after acquiring an additional 300 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Trading Down 2.0%

Shares of OXY opened at $40.09 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 0.84. Occidental Petroleum Corporation has a 12-month low of $34.78 and a 12-month high of $53.20. The firm has a market capitalization of $39.46 billion, a PE ratio of 23.72 and a beta of 0.95. The stock’s fifty day simple moving average is $44.64 and its 200-day simple moving average is $43.66.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.01. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.29 billion. During the same quarter in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current year.

Analyst Ratings Changes

OXY has been the topic of a number of analyst reports. Piper Sandler lowered their price target on Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 21st. Wall Street Zen lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Susquehanna reduced their price objective on Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating on the stock in a research note on Monday, October 20th. Bank of America boosted their price objective on Occidental Petroleum from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Finally, Evercore ISI reduced their price objective on Occidental Petroleum from $40.00 to $38.00 and set an “underperform” rating on the stock in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $52.26.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.