Perigon Wealth and Institutions Adjust Positions in Occidental Petroleum

October 18, 2024 09:59 AM AEDT | By Team Kalkine Media

Perigon Wealth and Institutions Adjust Positions in Occidental Petroleum — Image source: Shutterstocks

Headlines

Perigon Wealth Adjusts Holdings in Occidental Petroleum
Institutional Activity in Occidental Petroleum
Perigon's Portfolio Update on Occidental Petroleum

Perigon Wealth Management LLC recently reduced its position in Occidental Petroleum (NYSE:OXY) by a small percentage during the third quarter. According to the latest filing with the Securities and Exchange Commission, the fund now holds 807,754 shares after adjusting its holdings. This makes Occidental Petroleum the 12th largest holding in Perigon Wealth's portfolio.

In addition to Perigon's activity, several other institutional investors have also made changes to their positions in Occidental Petroleum. Cornerstone Wealth Management LLC acquired a new stake in the company, and Vontobel Holding Ltd. significantly increased its position. Jamison Private Wealth Management Inc. and Swedbank AB also made notable adjustments to their holdings, further highlighting the widespread interest in the oil and gas producer.

Institutional ownership of Occidental Petroleum remains high, with nearly 88.7% of the company's shares currently held by various funds and investors. This consistent activity demonstrates the ongoing importance of the company within the energy sector.

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