Occidental Petroleum Corporation $OXY Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in Occidental Petroleum Corporation (NYSE:OXY) by 5.0% in the second quarter, Holdings Channel.com reports. The firm owned 72,317 shares of the oil and gas producer’s stock after selling 3,803 shares during the quarter. Atria Investments Inc’s holdings in Occidental Petroleum were worth $3,038,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Occidental Petroleum by 17.8% in the first quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock valued at $3,960,202,000 after purchasing an additional 12,107,285 shares during the period. H&H International Investment LLC grew its holdings in Occidental Petroleum by 1.8% in the first quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock valued at $682,456,000 after purchasing an additional 249,100 shares during the period. Dimensional Fund Advisors LP grew its holdings in Occidental Petroleum by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock valued at $401,162,000 after purchasing an additional 710,220 shares during the period. Northern Trust Corp grew its holdings in Occidental Petroleum by 1.6% in the first quarter. Northern Trust Corp now owns 7,175,439 shares of the oil and gas producer’s stock valued at $354,180,000 after purchasing an additional 110,378 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Occidental Petroleum by 4.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,432,722 shares of the oil and gas producer’s stock valued at $218,799,000 after purchasing an additional 195,742 shares during the period. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Occidental Petroleum Trading Up 1.3%

NYSE OXY opened at $41.23 on Monday. The company’s fifty day simple moving average is $44.87 and its 200-day simple moving average is $43.65. Occidental Petroleum Corporation has a 52 week low of $34.78 and a 52 week high of $53.20. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $40.59 billion, a P/E ratio of 24.40 and a beta of 0.95.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OXY shares. HSBC upgraded shares of Occidental Petroleum from a “hold” rating to a “buy” rating and boosted their target price for the company from $48.00 to $55.00 in a report on Friday, October 3rd. Roth Capital lifted their price target on shares of Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. Bank of America lifted their price target on shares of Occidental Petroleum from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Wells Fargo & Company assumed coverage on shares of Occidental Petroleum in a research report on Friday, October 17th. They set an “underweight” rating and a $42.00 price target on the stock. Finally, Scotiabank lifted their price target on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $52.26.

Occidental Petroleum 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.