Occidental Petroleum Co. (NYSE:OXY) has earned an average recommendation of “Buy” from the twenty-three research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $85.00.

A number of analysts recently commented on OXY shares. Piper Jaffray Companies started coverage on shares of Occidental Petroleum in a research note on Friday, September 28th. They issued an “overweight” rating for the company. JPMorgan Chase & Co. lowered their target price on shares of Occidental Petroleum from $94.00 to $90.00 and set a “neutral” rating for the company in a research note on Friday, August 10th. Edward Jones upgraded shares of Occidental Petroleum from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Morgan Stanley started coverage on shares of Occidental Petroleum in a research note on Thursday, July 12th. They issued an “overweight” rating and a $100.00 target price for the company. Finally, Bank of America lifted their target price on shares of Occidental Petroleum from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 17th.

OXY stock traded up $0.28 during trading on Wednesday, reaching $72.18. The company had a trading volume of 5,687,973 shares, compared to its average volume of 5,259,689. The stock has a market capitalization of $54.98 billion, a PE ratio of 81.10, a price-to-earnings-growth ratio of 2.55 and a beta of 0.58. The company has a quick ratio of 1.19, a current ratio of 1.36 and a debt-to-equity ratio of 0.49. Occidental Petroleum has a twelve month low of $62.47 and a twelve month high of $87.67.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Wednesday, August 8th. The oil and gas producer reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.11). The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.13 billion. Occidental Petroleum had a return on equity of 9.68% and a net margin of 15.36%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. On average, equities research analysts expect that Occidental Petroleum will post 5.12 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 10th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, December 7th. Occidental Petroleum’s dividend payout ratio (DPR) is 350.56%.

In other news, Director William R. Klesse bought 5,000 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was purchased at an average cost of $78.55 per share, with a total value of $392,750.00. Following the acquisition, the director now directly owns 77,963 shares in the company, valued at $6,123,993.65. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Standard Life Aberdeen plc increased its holdings in shares of Occidental Petroleum by 1,541.0% during the 2nd quarter. Standard Life Aberdeen plc now owns 7,584,578 shares of the oil and gas producer’s stock valued at $634,716,000 after purchasing an additional 7,122,373 shares in the last quarter. Adams Asset Advisors LLC increased its holdings in shares of Occidental Petroleum by 7.9% during the 2nd quarter. Adams Asset Advisors LLC now owns 6,789,866 shares of the oil and gas producer’s stock valued at $568,175,000 after purchasing an additional 500,000 shares in the last quarter. FMR LLC increased its holdings in shares of Occidental Petroleum by 232.5% during the 2nd quarter. FMR LLC now owns 6,049,152 shares of the oil and gas producer’s stock valued at $506,194,000 after purchasing an additional 4,230,065 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Occidental Petroleum by 9.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,735,322 shares of the oil and gas producer’s stock valued at $479,928,000 after purchasing an additional 490,346 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its holdings in shares of Occidental Petroleum by 6.5% during the 1st quarter. Levin Capital Strategies L.P. now owns 3,108,664 shares of the oil and gas producer’s stock valued at $201,939,000 after purchasing an additional 189,197 shares in the last quarter. 80.34% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Company Profile

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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Analyst Recommendations for Occidental Petroleum (NYSE:OXY)

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