Cullen Frost Bankers Inc. trimmed its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 30.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,459 shares of the oil and gas producer’s stock after selling 78,195 shares during the period. Cullen Frost Bankers Inc.’s holdings in Occidental Petroleum were worth $7,458,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of OXY. State Street Corp lifted its stake in shares of Occidental Petroleum by 4.3% in the 4th quarter. State Street Corp now owns 45,365,155 shares of the oil and gas producer’s stock worth $1,904,338,000 after acquiring an additional 1,884,804 shares during the period. American International Group Inc. lifted its stake in shares of Occidental Petroleum by 1,827.4% in the 4th quarter. American International Group Inc. now owns 7,239,952 shares of the oil and gas producer’s stock worth $298,358,000 after acquiring an additional 6,864,310 shares during the period. Adams Asset Advisors LLC lifted its stake in shares of Occidental Petroleum by 1.6% in the 4th quarter. Adams Asset Advisors LLC now owns 6,356,650 shares of the oil and gas producer’s stock worth $261,957,000 after acquiring an additional 97,608 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Occidental Petroleum by 1.8% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,565,576 shares of the oil and gas producer’s stock worth $146,937,000 after acquiring an additional 63,958 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Occidental Petroleum by 82.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,915,957 shares of the oil and gas producer’s stock worth $129,673,000 after acquiring an additional 1,317,125 shares during the period. 78.39% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Bob Shearer purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of $38.96 per share, for a total transaction of $194,800.00. Following the completion of the acquisition, the director now directly owns 24,218 shares of the company’s stock, valued at $943,533.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack B. Moore purchased 12,900 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $38.61 per share, for a total transaction of $498,069.00. Following the acquisition, the director now directly owns 129,203 shares of the company’s stock, valued at $4,988,527.83. The disclosure for this purchase can be found here. Insiders purchased a total of 23,900 shares of company stock worth $921,409 over the last quarter. Insiders own 0.15% of the company’s stock.

NYSE OXY opened at $42.04 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.33 and a quick ratio of 1.23. The company’s 50 day simple moving average is $42.86 and its 200 day simple moving average is $42.65. Occidental Petroleum Co. has a 12 month low of $37.25 and a 12 month high of $68.83. The company has a market capitalization of $37.53 billion, a P/E ratio of 27.48, a PEG ratio of 5.41 and a beta of 0.91.

A number of analysts have recently weighed in on the stock. Raymond James reduced their price target on shares of Occidental Petroleum from $80.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Thursday, October 17th. Morgan Stanley raised shares of Occidental Petroleum from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $51.00 to $59.00 in a research note on Monday, January 13th. Wells Fargo & Co upped their price target on shares of Occidental Petroleum from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 16th. UBS Group upped their price target on shares of Occidental Petroleum from $40.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, January 24th. Finally, Tudor Pickering raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating and set a $41.00 price target for the company in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $57.22.

Occidental Petroleum Company Profile

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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