Occidental Petroleum Corporation (OXY) Stake Held by Bingham Osborn & Scarborough LLC

Bingham Osborn & Scarborough LLC maintained its position in shares of Occidental Petroleum Corporation (NYSE:OXY) during the fourth quarter, Holdings Channel reports. The firm owned 5,640 shares of the company’s stock at the end of the fourth quarter. Bingham Osborn & Scarborough LLC’s holdings in Occidental Petroleum Corporation were worth $402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Apriem Advisors increased its position in shares of Occidental Petroleum Corporation by 24.8% in the third quarter. Apriem Advisors now owns 1,522 shares of the company’s stock valued at $111,000 after buying an additional 302 shares in the last quarter. Financial Architects Inc increased its position in shares of Occidental Petroleum Corporation by 47.5% in the third quarter. Financial Architects Inc now owns 1,524 shares of the company’s stock valued at $112,000 after buying an additional 491 shares in the last quarter. Enterprise Financial Services Corp increased its position in shares of Occidental Petroleum Corporation by 36.3% in the third quarter. Enterprise Financial Services Corp now owns 1,553 shares of the company’s stock valued at $113,000 after buying an additional 414 shares in the last quarter. Oakworth Capital Inc. increased its position in shares of Occidental Petroleum Corporation by 4.9% in the third quarter. Oakworth Capital Inc. now owns 1,596 shares of the company’s stock valued at $116,000 after buying an additional 75 shares in the last quarter. Finally, Mosaic Family Wealth LLC increased its position in shares of Occidental Petroleum Corporation by 4.3% in the third quarter. Mosaic Family Wealth LLC now owns 1,815 shares of the company’s stock valued at $132,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 81.82% of the company’s stock.

Institutional Ownership by Quarter for Occidental Petroleum Corporation (NYSE:OXY)

Occidental Petroleum Corporation (NYSE:OXY) traded up 0.41% during midday trading on Friday, reaching $68.47. The company’s stock had a trading volume of 7,394,535 shares. Occidental Petroleum Corporation has a 12-month low of $64.37 and a 12-month high of $78.48. The firm has a 50 day moving average price of $69.37 and a 200-day moving average price of $71.78. The company’s market cap is $52.32 billion.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Thursday, February 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10. Occidental Petroleum Corporation had a negative net margin of 5.52% and a negative return on equity of 3.40%. The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the company earned ($0.17) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts predict that Occidental Petroleum Corporation will post $1.32 earnings per share for the current fiscal year.

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OXY has been the topic of several recent analyst reports. BMO Capital Markets cut Occidental Petroleum Corporation from an “outperform” rating to a “market perform” rating and set a $70.00 price target on the stock. in a report on Wednesday, January 11th. They noted that the move was a valuation call. Scotiabank reaffirmed a “hold” rating on shares of Occidental Petroleum Corporation in a report on Friday. Bank of America Corporation cut Occidental Petroleum Corporation from a “buy” rating to a “neutral” rating in a report on Wednesday, January 4th. Barclays PLC lowered their price target on Occidental Petroleum Corporation from $63.00 to $62.00 and set an “underweight” rating on the stock in a report on Thursday, January 26th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating on shares of Occidental Petroleum Corporation in a report on Saturday, January 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Occidental Petroleum Corporation presently has a consensus rating of “Hold” and an average target price of $74.26.

In other news, Director Stephen I. Chazen sold 2,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $69.12, for a total value of $138,240.00. Following the sale, the director now directly owns 1,581,619 shares in the company, valued at $109,321,505.28. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen I. Chazen sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $69.94, for a total value of $279,760.00. Following the completion of the sale, the director now owns 1,577,619 shares in the company, valued at $110,338,672.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,000 shares of company stock worth $3,627,780. Company insiders own 0.35% of the company’s stock.

About Occidental Petroleum Corporation

Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

5 Day Chart for NYSE:OXY

Want to see what other hedge funds are holding OXY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Occidental Petroleum Corporation (NYSE:OXY).

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