BerganKDV Wealth Management LLC trimmed its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 16.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 6,028 shares of the oil and gas producer’s stock after selling 1,183 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Occidental Petroleum were worth $444,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its position in shares of Occidental Petroleum by 7.1% during the 4th quarter. Bank of Montreal Can now owns 1,537,930 shares of the oil and gas producer’s stock valued at $113,284,000 after acquiring an additional 102,058 shares during the period. Davis R M Inc. bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at $203,000. YHB Investment Advisors Inc. lifted its position in shares of Occidental Petroleum by 7.0% during the 4th quarter. YHB Investment Advisors Inc. now owns 38,368 shares of the oil and gas producer’s stock valued at $2,826,000 after acquiring an additional 2,494 shares during the period. Salem Capital Management Inc. lifted its position in shares of Occidental Petroleum by 2.6% during the 4th quarter. Salem Capital Management Inc. now owns 58,650 shares of the oil and gas producer’s stock valued at $4,320,000 after acquiring an additional 1,475 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at $225,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Shares of Occidental Petroleum Co. (NYSE OXY) traded down $1.25 on Tuesday, reaching $75.27. The company’s stock had a trading volume of 4,330,000 shares, compared to its average volume of 3,840,000. Occidental Petroleum Co. has a fifty-two week low of $57.20 and a fifty-two week high of $76.79. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market cap of $57,600.00, a PE ratio of 106.01, a PEG ratio of 6.83 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the prior year, the firm earned ($0.15) EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities analysts forecast that Occidental Petroleum Co. will post 0.8 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on OXY shares. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Credit Suisse Group started coverage on Occidental Petroleum in a report on Monday, December 11th. They set a “neutral” rating and a $62.00 price target for the company. Bank of America boosted their price target on Occidental Petroleum from $70.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Jefferies Group boosted their price target on Occidental Petroleum from $62.00 to $66.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, Barclays boosted their price target on Occidental Petroleum from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $67.00.

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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.

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

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