DDD Partners LLC Has $3.30 Million Stock Holdings in Occidental Petroleum Corporation $OXY

DDD Partners LLC boosted its position in Occidental Petroleum Corporation (NYSE:OXY) by 27.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,779 shares of the oil and gas producer’s stock after buying an additional 15,138 shares during the period. DDD Partners LLC’s holdings in Occidental Petroleum were worth $3,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Occidental Petroleum by 10.3% in the 2nd quarter. Vanguard Group Inc. now owns 88,504,019 shares of the oil and gas producer’s stock worth $3,718,054,000 after purchasing an additional 8,273,030 shares in the last quarter. Geode Capital Management LLC raised its holdings in Occidental Petroleum by 22.0% during the second quarter. Geode Capital Management LLC now owns 18,089,878 shares of the oil and gas producer’s stock worth $756,796,000 after buying an additional 3,267,269 shares during the last quarter. Swedbank AB acquired a new position in shares of Occidental Petroleum during the third quarter valued at about $35,517,000. American Century Companies Inc. increased its position in shares of Occidental Petroleum by 22.3% during the second quarter. American Century Companies Inc. now owns 3,552,655 shares of the oil and gas producer’s stock worth $149,247,000 after acquiring an additional 647,243 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of Occidental Petroleum by 1.6% in the 2nd quarter. State Street Corp now owns 39,044,478 shares of the oil and gas producer’s stock worth $1,649,147,000 after acquiring an additional 615,566 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insiders Place Their Bets

In related news, Director William R. Klesse bought 5,000 shares of Occidental Petroleum stock in a transaction dated Tuesday, December 16th. The stock was purchased at an average cost of $38.98 per share, with a total value of $194,900.00. Following the transaction, the director directly owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. The trade was a 2.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have issued reports on OXY. Barclays assumed coverage on Occidental Petroleum in a research note on Wednesday, January 21st. They set an “equal weight” rating for the company. Citigroup cut their target price on Occidental Petroleum from $49.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Zacks Research lowered Occidental Petroleum from a “hold” rating to a “strong sell” rating in a research report on Monday, January 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $50.00 price objective on shares of Occidental Petroleum in a report on Tuesday, November 25th. Finally, Wolfe Research lowered their target price on shares of Occidental Petroleum from $55.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.48.

Occidental Petroleum Trading Up 1.2%

NYSE OXY opened at $46.02 on Friday. The business’s fifty day moving average is $42.76 and its 200-day moving average is $43.48. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.94 and a quick ratio of 0.71. The stock has a market capitalization of $45.34 billion, a price-to-earnings ratio of 33.84 and a beta of 0.41. Occidental Petroleum Corporation has a one year low of $34.78 and a one year high of $52.58.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.