Nisa Investment Advisors LLC Decreases Holdings in Occidental Petroleum Corporation (OXY)

Nisa Investment Advisors LLC lowered its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 266,641 shares of the oil and gas producer’s stock after selling 12,124 shares during the period. Nisa Investment Advisors LLC’s holdings in Occidental Petroleum were worth $19,640,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Barometer Capital Management Inc. acquired a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $12,213,000. California Public Employees Retirement System boosted its stake in shares of Occidental Petroleum by 3.3% during the 3rd quarter. California Public Employees Retirement System now owns 2,047,285 shares of the oil and gas producer’s stock valued at $131,456,000 after buying an additional 64,533 shares during the period. Swiss National Bank boosted its stake in shares of Occidental Petroleum by 0.9% during the 3rd quarter. Swiss National Bank now owns 2,892,043 shares of the oil and gas producer’s stock valued at $185,698,000 after buying an additional 25,100 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $3,792,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Occidental Petroleum by 178.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 58,489 shares of the oil and gas producer’s stock valued at $3,502,000 after buying an additional 37,499 shares during the period. 80.17% of the stock is owned by institutional investors.

A number of equities research analysts have issued reports on OXY shares. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Credit Suisse Group began coverage on shares of Occidental Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $62.00 price objective for the company. Bank of America lifted their price objective on shares of Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a research note on Friday, October 13th. Jefferies Group lifted their price objective on shares of Occidental Petroleum from $62.00 to $66.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Finally, Barclays lifted their price objective on shares of Occidental Petroleum from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.00.

Occidental Petroleum Corporation (OXY) opened at $76.53 on Friday. The firm has a market cap of $58,020.90, a price-to-earnings ratio of 109.33, a price-to-earnings-growth ratio of 6.77 and a beta of 0.65. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. Occidental Petroleum Corporation has a 52-week low of $57.20 and a 52-week high of $76.76.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. equities analysts expect that Occidental Petroleum Corporation will post 0.8 earnings per share for the current year.

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Occidental Petroleum Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), 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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Institutional Ownership by Quarter for Occidental Petroleum (NYSE:OXY)

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