Deroy & Devereaux Private Investment Counsel Inc. Has $9,136,000 Stake in Occidental Petroleum Corporation (OXY)

Deroy & Devereaux Private Investment Counsel Inc. Has $9,136,000 Stake in Occidental Petroleum Corporation (OXY)

Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Occidental Petroleum Corporation (NYSE:OXY) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,293 shares of the company’s stock after buying an additional 2,579 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Occidental Petroleum Corporation were worth $9,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Waverton Investment Management Ltd raised its position in shares of Occidental Petroleum Corporation by 5.2% in the second quarter. Waverton Investment Management Ltd now owns 83,321 shares of the company’s stock valued at $6,296,000 after buying an additional 4,100 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Occidental Petroleum Corporation by 10.0% in the second quarter. Quadrant Capital Group LLC now owns 2,919 shares of the company’s stock valued at $213,000 after buying an additional 266 shares during the last quarter. Flossbach Von Storch AG raised its position in shares of Occidental Petroleum Corporation by 31.0% in the second quarter. Flossbach Von Storch AG now owns 34,200 shares of the company’s stock valued at $2,584,000 after buying an additional 8,100 shares during the last quarter. Savant Capital LLC raised its position in shares of Occidental Petroleum Corporation by 1.6% in the second quarter. Savant Capital LLC now owns 4,437 shares of the company’s stock valued at $335,000 after buying an additional 70 shares during the last quarter. Finally, Johnston Asset Management LLC raised its position in shares of Occidental Petroleum Corporation by 2.3% in the second quarter. Johnston Asset Management LLC now owns 111,400 shares of the company’s stock valued at $8,417,000 after buying an additional 2,500 shares during the last quarter. 81.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 68.95 on Friday. The firm’s market capitalization is $52.69 billion. Occidental Petroleum Corporation has a 1-year low of $63.24 and a 1-year high of $78.48. The stock has a 50 day moving average of $70.58 and a 200-day moving average of $72.39.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings data on Tuesday, November 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by $0.04. Occidental Petroleum Corporation had a negative net margin of 52.62% and a negative return on equity of 3.43%. The firm earned $2.65 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The company’s revenue was down 15.0% on a year-over-year basis. On average, equities analysts expect that Occidental Petroleum Corporation will post ($0.90) earnings per share for the current year.

Several brokerages have recently weighed in on OXY. Wells Fargo & Company reissued an “outperform” rating on shares of Occidental Petroleum Corporation in a research report on Saturday, January 14th. Barclays PLC dropped their price objective on shares of Occidental Petroleum Corporation to $62.00 in a research report on Thursday. Goldman Sachs Group, Inc. (The) raised shares of Occidental Petroleum Corporation from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research report on Friday, December 16th. Bank of America Corporation lowered shares of Occidental Petroleum Corporation from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 4th. Finally, Mizuho began coverage on shares of Occidental Petroleum Corporation in a research report on Wednesday, October 5th. They issued a “buy” rating and a $83.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $74.05.

In other news, Director Stephen I. Chazen sold 4,000 shares of the company’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $68.30, for a total transaction of $273,200.00. Following the sale, the director now directly owns 1,545,619 shares in the company, valued at $105,565,777.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Stephen I. Chazen sold 2,000 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.12, for a total value of $138,240.00. Following the sale, the director now owns 1,581,619 shares in the company, valued at $109,321,505.28. The disclosure for this sale can be found here. Insiders sold a total of 62,000 shares of company stock worth $4,298,760 over the last 90 days. 0.35% of the stock is currently owned by company insiders.

Occidental Petroleum Corporation Company Profile

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.

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