Calamos Advisors LLC Boosts Holdings in Occidental Petroleum Co. (NYSE:OXY)

Calamos Advisors LLC grew its holdings in Occidental Petroleum Co. (NYSE:OXY) by 28.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172,787 shares of the oil and gas producer’s stock after purchasing an additional 38,462 shares during the quarter. Calamos Advisors LLC’s holdings in Occidental Petroleum were worth $7,684,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OXY. Price T Rowe Associates Inc. MD boosted its stake in shares of Occidental Petroleum by 39.1% in 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 purchasing an additional 9,386,180 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Occidental Petroleum by 1,074.0% in the second quarter. Nuveen Asset Management LLC now owns 3,602,173 shares of the oil and gas producer’s stock valued at $181,118,000 after purchasing an additional 3,295,338 shares during the period. Charles Schwab Investment Advisory Inc. boosted its stake in shares of Occidental Petroleum by 86.7% in 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 purchasing an additional 2,712,579 shares during the period. Macquarie Group Ltd. boosted its stake in shares of Occidental Petroleum by 24.6% in 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 purchasing an additional 2,630,424 shares during the period. Finally, APG Asset Management N.V. boosted its stake in shares of Occidental Petroleum by 529.6% in the second quarter. APG Asset Management N.V. now owns 1,158,962 shares of the oil and gas producer’s stock valued at $51,170,000 after purchasing an additional 974,896 shares during the period. 85.26% of the stock is owned by institutional investors and hedge funds.

Shares of Occidental Petroleum stock opened at $42.22 on Wednesday. Occidental Petroleum Co. has a 52-week low of $39.97 and a 52-week high of $75.79. The company has a 50 day moving average of $43.65 and a 200 day moving average of $50.32. The company has a quick ratio of 1.00, a current ratio of 1.20 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $30.27 billion, a P/E ratio of 8.43, a P/E/G ratio of 3.24 and a beta of 0.84.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas producer reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. Occidental Petroleum had a net margin of 19.65% and a return on equity of 17.06%. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.39 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Occidental Petroleum Co. will post 2.49 earnings per share for the current fiscal year.

In related news, Director Bob Shearer acquired 15,000 shares of the business’s stock in a transaction on Monday, August 5th. The shares were bought at an average price of $50.22 per share, with a total value of $753,300.00. Following the completion of the acquisition, the director now owns 19,218 shares in the company, valued at $965,127.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Klesse acquired 5,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $45.54 per share, for a total transaction of $227,700.00. Following the acquisition, the director now owns 101,203 shares of the company’s stock, valued at approximately $4,608,784.62. The disclosure for this purchase can be found here. Insiders purchased 38,500 shares of company stock valued at $1,793,075 in the last quarter. 0.15% of the stock is owned by insiders.

Several research analysts have recently commented on the stock. ValuEngine raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. assumed coverage on shares of Occidental Petroleum in a research note on Tuesday, August 13th. They issued an “underweight” rating and a $50.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Occidental Petroleum in a research note on Tuesday, August 27th. They issued a “neutral” rating and a $52.50 price objective for the company. Wells Fargo & Co lowered their price objective on shares of Occidental Petroleum from $53.00 to $48.00 and set a “market perform” rating for the company in a research note on Friday, August 16th. Finally, Zacks Investment Research raised shares of Occidental Petroleum from a “strong sell” rating to a “hold” rating and set a $34.00 price objective for the company in a research note on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Occidental Petroleum presently has a consensus rating of “Hold” and a consensus price target of $61.55.

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 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.

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

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