Occidental Petroleum Corporation $OXY Stock Position Raised by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan increased its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 275.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 44,095 shares of the oil and gas producer’s stock after buying an additional 32,350 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Occidental Petroleum were worth $2,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. State of Michigan Retirement System lifted its holdings in shares of Occidental Petroleum by 0.8% in the 3rd quarter. State of Michigan Retirement System now owns 205,739 shares of the oil and gas producer’s stock worth $9,721,000 after purchasing an additional 1,700 shares during the last quarter. Wellington Shields & Co. LLC increased its position in Occidental Petroleum by 7.4% in the third quarter. Wellington Shields & Co. LLC now owns 7,300 shares of the oil and gas producer’s stock worth $345,000 after buying an additional 500 shares during the period. Solitude Financial Services lifted its stake in Occidental Petroleum by 46.2% in the third quarter. Solitude Financial Services now owns 19,520 shares of the oil and gas producer’s stock valued at $922,000 after buying an additional 6,167 shares during the last quarter. Lincoln Capital LLC boosted its holdings in shares of Occidental Petroleum by 74.0% during the third quarter. Lincoln Capital LLC now owns 124,642 shares of the oil and gas producer’s stock valued at $5,590,000 after acquiring an additional 53,004 shares during the period. Finally, Portside Wealth Group LLC grew its position in shares of Occidental Petroleum by 8.1% during the third quarter. Portside Wealth Group LLC now owns 31,201 shares of the oil and gas producer’s stock worth $1,474,000 after acquiring an additional 2,345 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were purchased at an average cost of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the transaction, the director owned 218,913 shares in the company, valued at $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OXY. Mizuho lifted their price objective on shares of Occidental Petroleum from $60.00 to $64.00 and gave the company an “outperform” rating in a research report on Tuesday, November 11th. HSBC cut their price target on Occidental Petroleum from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Citigroup decreased their price objective on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, November 19th. Wolfe Research cut their target price on Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 21st. Finally, UBS Group reduced their price target on Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.48.

Occidental Petroleum Price Performance

Shares of NYSE:OXY opened at $46.39 on Friday. The stock has a market cap of $45.70 billion, a price-to-earnings ratio of 34.11 and a beta of 0.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. Occidental Petroleum Corporation has a 12 month low of $34.78 and a 12 month high of $52.58. The stock’s 50 day moving average price is $42.36 and its 200 day moving average price is $43.41.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.16. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the firm earned $1.00 EPS. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Occidental Petroleum Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.