GenTrust LLC Takes Position in Occidental Petroleum Corporation $OXY

GenTrust LLC bought a new position in Occidental Petroleum Corporation (NYSE:OXY) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 20,500 shares of the oil and gas producer’s stock, valued at approximately $974,000.

Other large investors also recently bought and sold shares of the company. Pavion Blue Capital LLC purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at about $211,000. Cidel Asset Management Inc. lifted its holdings in Occidental Petroleum by 11.4% in the third quarter. Cidel Asset Management Inc. now owns 9,375 shares of the oil and gas producer’s stock valued at $443,000 after acquiring an additional 957 shares during the period. DDD Partners LLC boosted its position in Occidental Petroleum by 27.7% in the third quarter. DDD Partners LLC now owns 69,779 shares of the oil and gas producer’s stock worth $3,297,000 after purchasing an additional 15,138 shares during the last quarter. Metis Global Partners LLC grew its stake in shares of Occidental Petroleum by 7.8% during the 3rd quarter. Metis Global Partners LLC now owns 40,493 shares of the oil and gas producer’s stock valued at $1,913,000 after purchasing an additional 2,913 shares during the period. Finally, Mraz Amerine & Associates Inc. increased its position in shares of Occidental Petroleum by 5.0% during the 3rd quarter. Mraz Amerine & Associates Inc. now owns 132,079 shares of the oil and gas producer’s stock valued at $6,241,000 after purchasing an additional 6,305 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.31% of the company’s stock.

Occidental Petroleum Trading Up 1.2%

Shares of Occidental Petroleum stock opened at $46.02 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. The company has a fifty day moving average of $42.76 and a 200 day moving average of $43.46. The company has a market capitalization of $45.34 billion, a P/E ratio of 33.84 and a beta of 0.41. Occidental Petroleum Corporation has a fifty-two week low of $34.78 and a fifty-two week high of $52.58.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wolfe Research cut their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their price target on shares of Occidental Petroleum from $44.00 to $42.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 20th. Susquehanna reduced their price objective on Occidental Petroleum from $55.00 to $51.00 and set a “positive” rating for the company in a research note on Monday, January 26th. The Goldman Sachs Group lowered their target price on Occidental Petroleum from $43.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, January 22nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $50.00 price target on shares of Occidental Petroleum in a research report on Tuesday, November 25th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.48.

About Occidental Petroleum

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.