Ausbil Investment Management Ltd Has $103,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

Ausbil Investment Management Ltd decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 86.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,000 shares of the oil and gas producer’s stock after selling 13,000 shares during the period. Ausbil Investment Management Ltd’s holdings in Occidental Petroleum were worth $103,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC acquired a new position in Occidental Petroleum in the first quarter worth approximately $216,000. Global Assets Advisory LLC acquired a new stake in shares of Occidental Petroleum in the 1st quarter valued at $1,527,000. Brookstone Capital Management increased its position in Occidental Petroleum by 32.2% during the first quarter. Brookstone Capital Management now owns 16,410 shares of the oil and gas producer’s stock worth $1,066,000 after buying an additional 3,995 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Occidental Petroleum during the first quarter valued at about $274,000. Finally, Sendero Wealth Management LLC boosted its stake in shares of Occidental Petroleum by 50.5% during the 1st quarter. Sendero Wealth Management LLC now owns 10,688 shares of the oil and gas producer’s stock worth $695,000 after acquiring an additional 3,585 shares in the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the sale, the insider now owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.31% of the company’s stock.

Occidental Petroleum Price Performance

NYSE OXY traded up $0.06 on Thursday, reaching $51.38. The company’s stock had a trading volume of 2,850,185 shares, compared to its average volume of 9,108,348. Occidental Petroleum Co. has a 52 week low of $49.75 and a 52 week high of $71.18. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. The firm has a market cap of $45.56 billion, a PE ratio of 14.05 and a beta of 1.57. The business has a 50-day moving average price of $53.71 and a 200 day moving average price of $59.46.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.26. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.93 billion. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Sell-side analysts expect that Occidental Petroleum Co. will post 3.43 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on OXY shares. Barclays decreased their target price on Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. UBS Group decreased their price objective on shares of Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Stephens reiterated an “overweight” rating and issued a $76.00 target price on shares of Occidental Petroleum in a report on Thursday, August 8th. Wolfe Research started coverage on shares of Occidental Petroleum in a report on Thursday, July 18th. They set an “outperform” rating and a $81.00 price target for the company. Finally, Scotiabank dropped their price objective on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $65.72.

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, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.