Occidental Petroleum Corporation $OXY Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its holdings in shares of Occidental Petroleum Corporation (NYSE:OXY) by 22.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 570,356 shares of the oil and gas producer’s stock after selling 160,802 shares during the quarter. Aberdeen Group plc owned approximately 0.06% of Occidental Petroleum worth $27,434,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OXY. University of Texas Texas AM Investment Management Co. purchased a new position in Occidental Petroleum in the second quarter valued at approximately $27,000. City Holding Co. boosted its holdings in shares of Occidental Petroleum by 250.0% in the 3rd quarter. City Holding Co. now owns 700 shares of the oil and gas producer’s stock valued at $33,000 after buying an additional 500 shares in the last quarter. Hantz Financial Services Inc. grew its position in shares of Occidental Petroleum by 1,193.9% in the 2nd quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer’s stock valued at $36,000 after buying an additional 788 shares during the last quarter. GoalVest Advisory LLC acquired a new stake in Occidental Petroleum during the 3rd quarter worth $38,000. Finally, MeadowBrook Investment Advisors LLC lifted its position in Occidental Petroleum by 371.7% in the second quarter. MeadowBrook Investment Advisors LLC now owns 1,000 shares of the oil and gas producer’s stock valued at $42,000 after acquiring an additional 788 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Occidental Petroleum Stock Down 0.3%

OXY stock opened at $45.92 on Wednesday. The stock has a market capitalization of $45.24 billion, a PE ratio of 33.76 and a beta of 0.41. The company has a fifty day moving average of $42.94 and a 200-day moving average of $43.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.71 and a current ratio of 0.94. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $52.58.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research cut Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Piper Sandler lifted their price target on Occidental Petroleum from $46.00 to $47.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Raymond James Financial reissued an “outperform” rating and issued a $50.00 price objective on shares of Occidental Petroleum in a report on Tuesday, November 25th. TD Cowen upgraded shares of Occidental Petroleum to a “hold” rating in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.48.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director directly owned 218,913 shares of the company’s stock, valued at $8,533,228.74. This represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company’s stock.

About Occidental Petroleum

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.