Mraz Amerine & Associates Inc. Has $5.08 Million Stake in Occidental Petroleum Co. (NYSE:OXY)

Mraz Amerine & Associates Inc. reduced its holdings in shares of Occidental Petroleum Co. (NYSE:OXY) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,523 shares of the oil and gas producer’s stock after selling 817 shares during the period. Occidental Petroleum accounts for approximately 0.9% of Mraz Amerine & Associates Inc.’s investment portfolio, making the stock its 19th biggest holding. Mraz Amerine & Associates Inc.’s holdings in Occidental Petroleum were worth $5,078,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Himalaya Capital Management LLC acquired a new stake in shares of Occidental Petroleum in the 2nd quarter valued at about $92,433,000. Clean Energy Transition LLP acquired a new stake in shares of Occidental Petroleum in the 1st quarter valued at about $67,601,000. Sarasin & Partners LLP acquired a new stake in shares of Occidental Petroleum in the 2nd quarter valued at about $63,880,000. Scharf Investments LLC acquired a new stake in shares of Occidental Petroleum in the 2nd quarter valued at about $42,744,000. Finally, American Century Companies Inc. grew its stake in shares of Occidental Petroleum by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock valued at $233,687,000 after buying an additional 532,318 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares in the company, valued at approximately $5,923,116,413.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Mizuho dropped their price target on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Bank of America began coverage on shares of Occidental Petroleum in a report on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price target on the stock. Scotiabank lowered their price target on shares of Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Wells Fargo & Company reduced their price objective on shares of Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a research note on Friday, September 27th. Finally, Susquehanna reduced their price objective on shares of Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating for the company in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.72.

Occidental Petroleum Price Performance

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

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

Occidental Petroleum Company 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.