Cibc Bank USA grew its stake in shares of Occidental Petroleum Co. (NYSE:OXY) by 2.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 47,184 shares of the oil and gas producer’s stock after acquiring an additional 1,061 shares during the quarter. Occidental Petroleum comprises about 0.4% of Cibc Bank USA’s portfolio, making the stock its 29th biggest holding. Cibc Bank USA’s holdings in Occidental Petroleum were worth $3,476,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in OXY. Vanguard Group Inc. raised its holdings in shares of Occidental Petroleum by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock worth $3,304,357,000 after buying an additional 1,119,588 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Occidental Petroleum by 3.6% during the 2nd quarter. Macquarie Group Ltd. now owns 11,948,897 shares of the oil and gas producer’s stock worth $715,381,000 after buying an additional 418,349 shares in the last quarter. Capital International Investors raised its holdings in shares of Occidental Petroleum by 3.6% during the 3rd quarter. Capital International Investors now owns 8,273,652 shares of the oil and gas producer’s stock worth $531,251,000 after buying an additional 289,718 shares in the last quarter. Epoch Investment Partners Inc. raised its holdings in shares of Occidental Petroleum by 22.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock worth $520,341,000 after buying an additional 1,461,761 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Occidental Petroleum by 2.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,564,040 shares of the oil and gas producer’s stock worth $421,505,000 after buying an additional 175,502 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

OXY has been the subject of a number of research analyst reports. Scotiabank reissued a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum in a report on Wednesday, November 22nd. BMO Capital Markets set a $60.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating and set a $58.00 price target on shares of Occidental Petroleum in a report on Friday, October 6th. Mizuho set a $79.00 target price on Occidental Petroleum and gave the stock a “hold” rating in a report on Tuesday. Finally, Credit Suisse Group assumed coverage on Occidental Petroleum in a report on Monday, December 11th. They issued a “neutral” rating and a $62.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $67.87.

Shares of Occidental Petroleum Co. (OXY) traded up $0.16 on Friday, reaching $75.55. The company’s stock had a trading volume of 3,195,679 shares, compared to its average volume of 3,690,000. 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 $57,810.00, a PE ratio of 106.41, a PEG ratio of 6.39 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. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) EPS. equities analysts forecast that Occidental Petroleum Co. will post 0.8 earnings per share for the current fiscal year.

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Occidental Petroleum 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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