Global Financial Private Capital LLC Has $9.17 Million Holdings in Occidental Petroleum Co. (OXY)

Global Financial Private Capital LLC decreased its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 23.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,360 shares of the oil and gas producer’s stock after selling 46,754 shares during the period. Global Financial Private Capital LLC’s holdings in Occidental Petroleum were worth $9,174,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OXY. Redpoint Investment Management Pty Ltd raised its stake in shares of Occidental Petroleum by 20.8% in the fourth quarter. Redpoint Investment Management Pty Ltd now owns 59,694 shares of the oil and gas producer’s stock valued at $3,664,000 after acquiring an additional 10,275 shares during the last quarter. Chicago Equity Partners LLC raised its stake in shares of Occidental Petroleum by 29.0% in the fourth quarter. Chicago Equity Partners LLC now owns 29,250 shares of the oil and gas producer’s stock valued at $1,795,000 after acquiring an additional 6,570 shares during the last quarter. Bailard Inc. raised its stake in shares of Occidental Petroleum by 1.4% in the fourth quarter. Bailard Inc. now owns 25,478 shares of the oil and gas producer’s stock valued at $1,564,000 after acquiring an additional 343 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Occidental Petroleum by 4.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 14,759 shares of the oil and gas producer’s stock valued at $906,000 after acquiring an additional 618 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $289,000. Hedge funds and other institutional investors own 81.65% of the company’s stock.

Shares of OXY opened at $64.96 on Monday. Occidental Petroleum Co. has a 52 week low of $56.83 and a 52 week high of $87.67. The stock has a market capitalization of $49.05 billion, a P/E ratio of 72.99, a P/E/G ratio of 2.93 and a beta of 0.88. The company has a current ratio of 1.33, a quick ratio of 1.21 and a debt-to-equity ratio of 0.47.

A number of research analysts have recently issued reports on OXY shares. KeyCorp started coverage on shares of Occidental Petroleum in a research note on Thursday, December 20th. They issued an “overweight” rating and a $75.00 target price for the company. Argus reiterated a “buy” rating and issued a $97.00 target price on shares of Occidental Petroleum in a research note on Monday, November 26th. Raymond James upgraded shares of Occidental Petroleum from an “outperform” rating to a “strong-buy” rating in a research note on Monday, October 22nd. They noted that the move was a valuation call. Cowen started coverage on shares of Occidental Petroleum in a research note on Thursday, November 29th. They issued a “market perform” rating and a $80.00 target price for the company. Finally, Zacks Investment Research cut shares of Occidental Petroleum from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research note on Wednesday, November 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $87.16.

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Occidental Petroleum 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.

Further Reading: Return on Equity (ROE)

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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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