Focus Partners Advisor Solutions LLC Sells 1,016 Shares of Occidental Petroleum Corporation $OXY

Focus Partners Advisor Solutions LLC lessened its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 9.1% during the 2nd quarter, Holdings Channel reports. The fund owned 10,156 shares of the oil and gas producer’s stock after selling 1,016 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Occidental Petroleum were worth $427,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer’s stock worth $3,960,202,000 after acquiring an additional 12,107,285 shares in the last quarter. H&H International Investment LLC raised its position in shares of Occidental Petroleum by 1.8% in the 1st quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer’s stock worth $682,456,000 after acquiring an additional 249,100 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Occidental Petroleum by 9.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer’s stock worth $401,162,000 after acquiring an additional 710,220 shares in the last quarter. Northern Trust Corp raised its position in shares of Occidental Petroleum by 1.6% in the 1st quarter. Northern Trust Corp now owns 7,175,439 shares of the oil and gas producer’s stock worth $354,180,000 after acquiring an additional 110,378 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Occidental Petroleum by 4.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,432,722 shares of the oil and gas producer’s stock worth $218,799,000 after acquiring an additional 195,742 shares in the last quarter. 88.70% of the stock is owned by institutional investors.

Occidental Petroleum Trading Up 0.3%

Shares of NYSE:OXY opened at $40.69 on Friday. The business’s 50-day moving average is $44.96 and its 200 day moving average is $43.55. Occidental Petroleum Corporation has a 1 year low of $34.78 and a 1 year high of $53.20. The firm has a market capitalization of $40.05 billion, a P/E ratio of 24.07 and a beta of 0.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.83.

Occidental Petroleum (NYSE:OXY) last issued its earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.29 billion. Occidental Petroleum had a return on equity of 13.78% and a net margin of 8.79%.The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.03 EPS. On average, research analysts predict that Occidental Petroleum Corporation will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. HSBC raised Occidental Petroleum from a “hold” rating to a “buy” rating and boosted their price target for the stock from $48.00 to $55.00 in a research report on Friday, October 3rd. Scotiabank boosted their price target on Occidental Petroleum from $45.00 to $47.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Occidental Petroleum in a research report on Wednesday, October 8th. Bank of America boosted their price target on Occidental Petroleum from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, Roth Capital upped their target price on Occidental Petroleum from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $52.26.

About Occidental Petroleum

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.