E&G Advisors LP Has $683,000 Holdings in Oracle Co. (NYSE:ORCL)

E&G Advisors LP lifted its holdings in Oracle Co. (NYSE:ORCL) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,100 shares of the enterprise software provider’s stock after purchasing an additional 400 shares during the period. E&G Advisors LP’s holdings in Oracle were worth $683,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Reston Wealth Management LLC bought a new position in shares of Oracle in the 3rd quarter valued at about $44,000. Synergy Asset Management LLC bought a new position in shares of Oracle in the 4th quarter valued at about $47,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research note on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective on the stock. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group boosted their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $168.60 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a fifty day moving average of $171.89 and a 200 day moving average of $163.58. The firm has a market capitalization of $471.57 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.