Calamos Advisors LLC increased its stake in Occidental Petroleum Co. (NYSE:OXY) by 15.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 129,358 shares of the oil and gas producer’s stock after purchasing an additional 17,012 shares during the period. Calamos Advisors LLC’s holdings in Occidental Petroleum were worth $7,940,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Heritage Trust Co raised its holdings in shares of Occidental Petroleum by 496.2% in the 4th quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock valued at $29,000 after acquiring an additional 387 shares in the last quarter. Lenox Wealth Advisors LLC purchased a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $37,000. Gemmer Asset Management LLC raised its holdings in shares of Occidental Petroleum by 157.5% in the 4th quarter. Gemmer Asset Management LLC now owns 1,259 shares of the oil and gas producer’s stock valued at $77,000 after acquiring an additional 770 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of Occidental Petroleum by 67.9% during the 4th quarter. Moody National Bank Trust Division now owns 1,301 shares of the oil and gas producer’s stock valued at $80,000 after purchasing an additional 526 shares during the last quarter. Finally, CKW Financial Group bought a new position in shares of Occidental Petroleum during the 4th quarter valued at about $92,000. Institutional investors own 81.12% of the company’s stock.
Several equities analysts have recently commented on the company. Morgan Stanley set a $101.00 price objective on Occidental Petroleum and gave the company a “buy” rating in a research report on Friday, October 12th. Barclays assumed coverage on Occidental Petroleum in a research report on Monday, November 12th. They set an “overweight” rating and a $84.00 price target on the stock. ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Evercore ISI upgraded Occidental Petroleum from an “in-line” rating to an “outperform” rating and set a $88.00 price objective for the company in a research note on Wednesday, November 7th. Finally, Mitsubishi UFJ Financial Group lowered their price objective on Occidental Petroleum to $92.00 and set a “neutral” rating for the company in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $87.16.
Shares of OXY stock opened at $64.96 on Friday. The company has a market cap of $50.31 billion, a price-to-earnings ratio of 72.99, a P/E/G ratio of 3.01 and a beta of 0.88. Occidental Petroleum Co. has a 1 year low of $56.83 and a 1 year high of $87.67. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.47.
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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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