World Investment Advisors Acquires 2,060 Shares of Occidental Petroleum Corporation $OXY

World Investment Advisors increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 41.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,972 shares of the oil and gas producer’s stock after purchasing an additional 2,060 shares during the quarter. World Investment Advisors’ holdings in Occidental Petroleum were worth $293,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Occidental Petroleum during the 1st quarter worth approximately $1,274,000. Kestra Private Wealth Services LLC grew its stake in shares of Occidental Petroleum by 5.6% in the first quarter. Kestra Private Wealth Services LLC now owns 17,086 shares of the oil and gas producer’s stock valued at $843,000 after buying an additional 906 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Occidental Petroleum by 77.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 139,086 shares of the oil and gas producer’s stock valued at $5,843,000 after buying an additional 60,793 shares in the last quarter. Tevis Investment Management bought a new position in shares of Occidental Petroleum in the second quarter valued at $356,000. Finally, Blackhawk Capital Partners LLC. bought a new position in shares of Occidental Petroleum in the first quarter valued at $344,000. 88.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on OXY. Scotiabank raised their target price on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Susquehanna cut their price target on Occidental Petroleum from $55.00 to $54.00 and set a “positive” rating for the company in a report on Monday, October 20th. Piper Sandler cut their price target on Occidental Petroleum from $50.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, October 21st. UBS Group cut their price target on Occidental Petroleum from $46.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Finally, Roth Capital raised their price target on Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, October 2nd. One 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 company. According to data from MarketBeat.com, Occidental Petroleum presently has an average rating of “Hold” and a consensus target price of $52.26.

Occidental Petroleum Stock Down 2.0%

OXY opened at $40.09 on Wednesday. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $53.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05. The company has a market capitalization of $39.46 billion, a P/E ratio of 23.72 and a beta of 0.95. The stock has a fifty day moving average of $44.64 and a 200-day moving average of $43.66.

Occidental Petroleum (NYSE:OXY) last posted its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, equities analysts expect that Occidental Petroleum Corporation will post 3.58 EPS for the current year.

About Occidental Petroleum

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.