Occidental Petroleum: Exec Insider and Funds Buying Stock in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Occidental Petroleum Corporation (NYSE:OXY).

SEC data indicate these insiders have bought Occidental Petroleum Corporation’s stock since 06/30/2011:

  • Foran Margaret M: act as Director. On 09/21/2011, bought 1,000 shares, worth $78,000.

SEC data indicate that these institutions significantly increased their stock shares of Occidental Petroleum Corporation in Q3 2011:

  • MORGAN STANLEY: On 06/30/2011, held 0 shares. On 09/30/2011, held 2,401,268 shares, worth $171,690,662.
  • RCM CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,996,867 shares, worth $142,775,991.
  • PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO: On 06/30/2011, held 0 shares. On 09/30/2011, held 888,051 shares, worth $63,495,647.
  • TEXAS PERMANENT SCHOOL FUND: On 06/30/2011, held 0 shares. On 09/30/2011, held 516,741 shares, worth $36,946,982.
  • JACOBS LEVY EQUITY MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 437,792 shares, worth $31,302,128.

About the company: Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas. The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

Competitors to Watch: ConocoPhillips (NYSE:COP), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), Eni S.p.A. (NYSE:E), Williams Companies, Inc. (NYSE:WMB), Double Eagle Petroleum Co. (NASDAQ:DBLE), Southwestern Energy Co. (NYSE:SWN), and EQT Corporation (NYSE:EQT).

(Note: Data regarding Occidental Petroleum Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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