New York State Teachers Retirement System Has $28.84 Million Stock Holdings in Occidental Petroleum Co. (NYSE:OXY)

New York State Teachers Retirement System decreased its position in shares of Occidental Petroleum Co. (NYSE:OXY) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 559,603 shares of the oil and gas producer’s stock after selling 6,824 shares during the quarter. New York State Teachers Retirement System owned approximately 0.06% of Occidental Petroleum worth $28,842,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. CapWealth Advisors LLC lifted its holdings in Occidental Petroleum by 2.7% during the 1st quarter. CapWealth Advisors LLC now owns 6,105 shares of the oil and gas producer’s stock worth $397,000 after buying an additional 162 shares in the last quarter. Meeder Advisory Services Inc. lifted its holdings in Occidental Petroleum by 2.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 8,503 shares of the oil and gas producer’s stock worth $553,000 after buying an additional 164 shares in the last quarter. Earnest Partners LLC lifted its holdings in Occidental Petroleum by 2.6% during the 1st quarter. Earnest Partners LLC now owns 6,850 shares of the oil and gas producer’s stock worth $445,000 after buying an additional 173 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Occidental Petroleum by 0.8% during the 1st quarter. Proficio Capital Partners LLC now owns 20,911 shares of the oil and gas producer’s stock valued at $1,359,000 after acquiring an additional 175 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Occidental Petroleum by 2.0% during the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer’s stock valued at $573,000 after acquiring an additional 175 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company’s stock.

Insider Transactions at Occidental Petroleum

In other 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 stock was sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the sale, the insider now owns 165,681,578 shares in the company, valued at $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 is available at this link. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

OXY has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating for the company in a research report on Friday, September 27th. BMO Capital Markets dropped their target price on shares of Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating for the company in a research report on Friday, October 4th. Wolfe Research started coverage on shares of Occidental Petroleum in a research report on Thursday, July 18th. They set an “outperform” rating and a $81.00 target price for the company. Mizuho lowered their price objective on shares of Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Finally, UBS Group reduced their target price on Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average target price of $65.72.

Occidental Petroleum Trading Down 0.1 %

NYSE:OXY opened at $50.13 on Friday. Occidental Petroleum Co. has a twelve month low of $49.66 and a twelve month high of $71.18. The company has a quick ratio of 0.75, a current ratio of 1.04 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average price of $52.97 and a two-hundred day moving average price of $58.77. The company has a market cap of $45.40 billion, a P/E ratio of 12.35 and a beta of 1.57.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.26. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm posted $0.68 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, analysts expect that Occidental Petroleum Co. will post 3.31 EPS for the current fiscal 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.