Nisa Investment Advisors LLC Reduces Stake in Occidental Petroleum Corporation (OXY)

Nisa Investment Advisors LLC decreased its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 4.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 266,641 shares of the oil and gas producer’s stock after selling 12,124 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Occidental Petroleum were worth $19,640,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Fis Group Inc. bought a new position in shares of Occidental Petroleum during the 3rd quarter worth about $126,000. Enterprise Financial Services Corp increased its stake in Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 806 shares during the period. MPS Loria Financial Planners LLC bought a new stake in Occidental Petroleum in the second quarter valued at about $147,000. Glassman Wealth Services increased its stake in Occidental Petroleum by 0.3% in the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 8 shares during the period. Finally, Atlantic Trust LLC increased its stake in Occidental Petroleum by 23.8% in the second quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after acquiring an additional 535 shares during the period. Institutional investors own 80.17% of the company’s stock.

A number of analysts recently weighed in on the stock. Bank of America cut shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research note on Thursday, January 4th. Credit Suisse Group assumed coverage on shares of Occidental Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $62.00 target price on the stock. ValuEngine raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Mizuho set a $71.00 target price on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Friday, November 24th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $67.00.

Occidental Petroleum Corporation (NYSE OXY) opened at $76.53 on Friday. The company has a market cap of $58,020.90, a PE ratio of 109.33, a price-to-earnings-growth ratio of 6.77 and a beta of 0.65. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $76.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) earnings per share. equities research analysts predict that Occidental Petroleum Corporation will post 0.8 EPS for the current year.

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Occidental Petroleum Company Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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