Warther Private Wealth LLC Has $287,000 Position in Occidental Petroleum Co. (NYSE:OXY)

Warther Private Wealth LLC cut its holdings in Occidental Petroleum Co. (NYSE:OXY - Free Report) by 86.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,570 shares of the oil and gas producer's stock after selling 36,165 shares during the quarter. Warther Private Wealth LLC's holdings in Occidental Petroleum were worth $287,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Czech National Bank lifted its stake in Occidental Petroleum by 8.3% in the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer's stock valued at $7,069,000 after acquiring an additional 10,456 shares in the last quarter. Discovery Capital Management LLC CT bought a new stake in Occidental Petroleum in the 2nd quarter valued at approximately $10,331,000. Empyrean Capital Partners LP bought a new stake in Occidental Petroleum in the 2nd quarter valued at approximately $2,975,000. Swedbank AB bought a new stake in Occidental Petroleum in the 1st quarter valued at approximately $12,547,000. Finally, Royal Fund Management LLC lifted its stake in Occidental Petroleum by 124.2% in the 3rd quarter. Royal Fund Management LLC now owns 57,416 shares of the oil and gas producer's stock valued at $2,959,000 after acquiring an additional 31,809 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on OXY. UBS Group cut their target price on Occidental Petroleum from $70.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 18th. Barclays dropped their price objective on Occidental Petroleum from $67.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Truist Financial dropped their price objective on Occidental Petroleum from $65.00 to $56.00 and set a "hold" rating on the stock in a research note on Monday, September 30th. Wolfe Research started coverage on Occidental Petroleum in a research note on Thursday, July 18th. They set an "outperform" rating and a $81.00 price objective on the stock. Finally, Bank of America started coverage on Occidental Petroleum in a research note on Thursday, October 17th. They set a "neutral" rating and a $57.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.72.

Occidental Petroleum Price Performance

Shares of OXY traded up $0.22 during trading hours on Friday, hitting $51.57. 8,659,055 shares of the company were exchanged, compared to its average volume of 9,135,507. The company has a market cap of $46.70 billion, a price-to-earnings ratio of 12.70 and a beta of 1.57. Occidental Petroleum Co. has a fifty-two week low of $49.75 and a fifty-two week 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 firm's fifty day moving average is $53.59 and its 200 day moving average is $59.40.

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

Insider Activity

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the completion of the transaction, the insider now owns 165,681,578 shares of the company's stock, 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 Securities & Exchange Commission, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

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.