Patten & Patten Inc. TN reduced its holdings in Occidental Petroleum Co. (NYSE:OXY) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,134 shares of the oil and gas producer’s stock after selling 1,355 shares during the period. Patten & Patten Inc. TN’s holdings in Occidental Petroleum were worth $997,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of OXY. Kaizen Advisory LLC boosted its stake in shares of Occidental Petroleum by 142.0% in the second quarter. Kaizen Advisory LLC now owns 1,793 shares of the oil and gas producer’s stock worth $150,000 after acquiring an additional 1,052 shares during the last quarter. GeoSphere Capital Management LLC acquired a new stake in shares of Occidental Petroleum in the second quarter worth approximately $151,000. Spectrum Management Group Inc. acquired a new stake in shares of Occidental Petroleum in the second quarter worth approximately $160,000. Smithfield Trust Co. boosted its stake in shares of Occidental Petroleum by 367.1% in the second quarter. Smithfield Trust Co. now owns 1,971 shares of the oil and gas producer’s stock worth $164,000 after acquiring an additional 1,549 shares during the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of Occidental Petroleum by 4,588.9% in the second quarter. NewSquare Capital LLC now owns 2,110 shares of the oil and gas producer’s stock worth $175,000 after acquiring an additional 2,065 shares during the last quarter. 80.04% of the stock is currently owned by institutional investors.

In related news, Director William R. Klesse acquired 5,000 shares of Occidental Petroleum stock in a transaction that occurred on Monday, August 13th. The shares were purchased at an average price of $78.55 per share, for a total transaction of $392,750.00. Following the completion of the transaction, the director now owns 77,963 shares in the company, valued at approximately $6,123,993.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Shares of Occidental Petroleum stock opened at $72.92 on Thursday. Occidental Petroleum Co. has a one year low of $62.47 and a one year high of $87.67. The company has a market cap of $62.84 billion, a P/E ratio of 81.93, a P/E/G ratio of 3.01 and a beta of 0.58. The company has a current ratio of 1.36, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49.

Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.11). Occidental Petroleum had a return on equity of 9.68% and a net margin of 15.36%. The company had revenue of $4.13 billion for the quarter, compared to analysts’ expectations of $4.13 billion. During the same quarter in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, research analysts predict that Occidental Petroleum Co. will post 4.96 earnings per share for the current year.

OXY has been the topic of a number of research analyst reports. Piper Jaffray Companies initiated coverage on Occidental Petroleum in a research note on Friday, September 28th. They issued an “overweight” rating on the stock. JPMorgan Chase & Co. lowered their price target on Occidental Petroleum from $94.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, August 10th. Edward Jones raised Occidental Petroleum from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Morgan Stanley initiated coverage on Occidental Petroleum in a research note on Thursday, July 12th. They issued an “overweight” rating and a $100.00 price target on the stock. Finally, Bank of America lifted their price target on Occidental Petroleum from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $84.06.

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 and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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