According to the most recent report that Occidental Petroleum Co submitted to the Securities and Exchange Commission, Jupiter Asset Management Ltd made a new investment in the company during the third quarter. Occidental Petroleum filed this information with the SEC. Occidental Petroleum is represented on the stock market by the ticker symbol OXY.
The company spent approximately $237,500 to acquire 3,855 shares in the oil and gas producer. The total cost of the transaction was approximately $237,500. Recently, several institutional investors changed the percentage of the company’s stock that was held in their portfolios.
These investors made these changes in response to recent market events. Selway Asset Management spent close to $37,000 to establish a new position in Occidental Petroleum during the third quarter of the fiscal year.
The purchase was ultimately completed. Accel Wealth Management experienced a 1,176.5% increase in the proportion of Occidental Petroleum stock it owned as of the third quarter.
Accel Wealth Management has recently acquired 651 shares of the oil and gas producer’s stock, currently valued at $43,000. The company invested an additional 600 shares during the most recent fiscal quarter.
During the second quarter, James Investment Research INC spent $50,000 to acquire an additional investment in Occidental Petroleum. Worth Asset Management LLC spent approximately $58,000 over the first three months of 2018 to acquire a new position at Occidental Petroleum.
M&R Capital Management INC finally closed the deal on the acquisition of Occidental Petroleum during the third quarter, paying approximately $61,000 for the company. Institutional investors and hedge funds hold 78.45% of the total number of shares in the company, making up the majority of the shareholders.
Recently, several equity analysts were asked for their thoughts on the OXY stock, and they provided their responses.
Bank of America moved its rating on Occidental Petroleum from “neutral” to “buy” and established a price objective of $80.00 for the company in a research note published on Friday, January 6th.
Mizuho reaffirmed its “buy” rating on shares of Occidental Petroleum and raised its price target on those shares to $82.00 in a research note published on Tuesday, January 10th.
The note was released in conjunction with the company’s quarterly earnings report. In a research note published on Monday, January 23rd, Barclays lowered their price objective on Occidental Petroleum shares from $74.00 to $70.00 and rated the stock as “overweight.” Occidental Petroleum was rated “strong buy” in a research report published on January 26th.
Despite maintaining their “strong buy” rating on the stock, Raymond James reduced their price objective for the company from $90.00 down to $80.00 despite keeping their “strong buy” rating.
The research note that announced Jefferies Financial Group’s coverage of Occidental Petroleum stock was issued on October 19th, the same day the company’s stock was first mentioned in the note.
They recommended that shareholders “hold” their shares of the company. There are seven recommendations to buy the stock, one strong buy recommendation, nine ratings to hold the stock, one rating to sell, and one rating to buy the stock.
A “sell” and a “buy” rating have been assigned to the stock by separate research analysts. According to the information from Bloomberg.com, the company is currently recommended “Hold,” and its average target price is $76.82.
OXY shares began trading for the first time on Wednesday, and the price per share opened at $66.34.
The lowest price that Occidental Petroleum Company has been at in the past year is $37.56, while the company’s all-time high price is $77.13. Because the company has a market value of $60.30 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 0.42, and a beta value of 1.77, it makes for an excellent financial investment.
In addition, the company has a price-to-earnings-growth ratio of 0.42. The quick ratio is 1.10, the current ratio is 1.08, and the debt-to-equity ratio is also 1.08. The quick ratio is 0.86.
The stock has been trading at $66.40, higher than its moving average price of $63.89 over the past 50 trading days. Over the past 200 trading days, the stock has been trading at $63.89.
In addition to producing oil and gas, Occidental Petroleum Corporation is also engaged in oil and gas exploration. Its four different business divisions are comprised of chemicals, midstream operations, marketing, and oil and gas sales.
Exploration, development, and production of oil and condensate, natural gas, and natural gas liquids are all activities that fall under the purview of the oil and gas industry. This economic sector is also responsible for regulating the production of natural gas and natural gas liquids.