Haverford Financial Services Inc. Acquires Shares of 8,800 Occidental Petroleum Co. (NYSE:OXY)

Haverford Financial Services Inc. acquired a new stake in Occidental Petroleum Co. (NYSE:OXY) in the third quarter, Holdings Channel reports. The fund acquired 8,800 shares of the oil and gas producer’s stock, valued at approximately $391,000.

A number of other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of Occidental Petroleum by 39.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 33,365,328 shares of the oil and gas producer’s stock valued at $1,677,609,000 after buying an additional 9,386,180 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Occidental Petroleum by 24.6% during the second quarter. Macquarie Group Ltd. now owns 13,311,398 shares of the oil and gas producer’s stock valued at $669,297,000 after buying an additional 2,630,424 shares during the last quarter. Morgan Stanley boosted its position in shares of Occidental Petroleum by 0.4% during the second quarter. Morgan Stanley now owns 8,002,841 shares of the oil and gas producer’s stock valued at $402,383,000 after buying an additional 28,283 shares during the last quarter. Charles Schwab Investment Advisory Inc. boosted its position in shares of Occidental Petroleum by 86.7% during the second quarter. Charles Schwab Investment Advisory Inc. now owns 5,839,718 shares of the oil and gas producer’s stock valued at $293,621,000 after buying an additional 2,712,579 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Occidental Petroleum by 12.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,215,304 shares of the oil and gas producer’s stock valued at $211,946,000 after buying an additional 466,208 shares during the last quarter. 85.41% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum stock traded up $1.07 during trading on Friday, reaching $40.10. The company had a trading volume of 13,603,630 shares, compared to its average volume of 8,366,573. Occidental Petroleum Co. has a 52 week low of $38.30 and a 52 week high of $74.29. The firm’s 50-day simple moving average is $42.60 and its 200 day simple moving average is $48.42. The firm has a market capitalization of $37.44 billion, a price-to-earnings ratio of 8.00, a price-to-earnings-growth ratio of 3.47 and a beta of 0.85. The company has a current ratio of 1.33, a quick ratio of 1.00 and a debt-to-equity ratio of 1.54.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Monday, November 4th. The oil and gas producer reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.30). Occidental Petroleum had a return on equity of 9.98% and a net margin of 6.34%. The company had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.59 billion. During the same period in the prior year, the business posted $1.77 earnings per share. Occidental Petroleum’s revenue for the quarter was down 4.9% compared to the same quarter last year. On average, analysts predict that Occidental Petroleum Co. will post 2.32 earnings per share for the current year.

Several research analysts recently issued reports on the company. Susquehanna Bancshares assumed coverage on Occidental Petroleum in a research report on Thursday, September 5th. They set a “positive” rating and a $55.00 target price on the stock. SunTrust Banks began coverage on Occidental Petroleum in a report on Monday, September 23rd. They set a “hold” rating and a $48.00 price target on the stock. JPMorgan Chase & Co. began coverage on Occidental Petroleum in a report on Tuesday, August 13th. They set an “underweight” rating and a $50.00 price target on the stock. ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Occidental Petroleum from a “strong sell” rating to a “hold” rating and set a $34.00 price target on the stock in a report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $60.23.

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were acquired at an average cost of $44.96 per share, with a total value of $224,800.00. Following the completion of the acquisition, the director now directly owns 96,203 shares in the company, valued at $4,325,286.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Cedric W. Burgher purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average cost of $43.27 per share, for a total transaction of $108,175.00. Following the completion of the acquisition, the chief financial officer now owns 79,342 shares of the company’s stock, valued at $3,433,128.34. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 23,500 shares of company stock worth $1,039,775. Insiders own 0.15% of the company’s stock.

Occidental Petroleum Profile

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.

See Also: Growth Stocks

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 Co. (NYSE:OXY).

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

Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.