DT Investment Partners LLC Has $113,000 Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

DT Investment Partners LLC boosted its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 16.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,195 shares of the oil and gas producer’s stock after purchasing an additional 308 shares during the period. DT Investment Partners LLC’s holdings in Occidental Petroleum were worth $113,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have 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 bought a new stake in Occidental Petroleum in the first quarter worth $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, Grimes & Company Inc. acquired a new stake in shares of Occidental Petroleum in the first quarter worth about $204,000. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on OXY shares. Stephens reissued an “overweight” rating and issued a $76.00 price objective on shares of Occidental Petroleum in a research note on Thursday, August 8th. Scotiabank reduced their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Wolfe Research assumed coverage on shares of Occidental Petroleum in a research note on Thursday, July 18th. They set an “outperform” rating and a $81.00 price target on the stock. Mizuho dropped their price target on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, Truist Financial dropped their price objective on Occidental Petroleum from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average target price of $65.72.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY opened at $51.35 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. Occidental Petroleum Co. has a 1-year low of $49.75 and a 1-year high of $71.18. The stock has a market capitalization of $46.50 billion, a P/E ratio of 12.65 and a beta of 1.57. The business has a 50-day moving average price of $53.71 and a two-hundred day moving average price of $59.46.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. Occidental Petroleum’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities analysts predict that Occidental Petroleum Co. will post 3.31 earnings per share for the current year.

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.