Occidental Petroleum Corporation (NYSE:OXY) had its price target boosted by Jefferies Group LLC from $62.00 to $66.00 in a report released on Friday. Jefferies Group LLC currently has a hold rating on the oil and gas producer’s stock.

Several other research analysts also recently commented on the company. Morgan Stanley raised their price objective on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the stock an equal weight rating in a research note on Wednesday, October 18th. BidaskClub downgraded Occidental Petroleum Corporation from a sell rating to a strong sell rating in a research note on Thursday, August 24th. BMO Capital Markets set a $60.00 price objective on Occidental Petroleum Corporation and gave the stock a hold rating in a research note on Tuesday, October 10th. Barclays PLC raised their price objective on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the stock an underweight rating in a research note on Wednesday, October 11th. Finally, Wolfe Research raised Occidental Petroleum Corporation from a market perform rating to an outperform rating in a research note on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $66.07.

Occidental Petroleum Corporation (OXY) traded up $0.61 during trading on Friday, hitting $68.87. The company had a trading volume of 1,242,209 shares, compared to its average volume of 4,414,681. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The company has a market capitalization of $52,235.65, a PE ratio of 195.03, a PEG ratio of 14.84 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the company earned ($0.15) earnings per share. Occidental Petroleum Corporation’s revenue was up 13.3% on a year-over-year basis. equities analysts expect that Occidental Petroleum Corporation will post 0.71 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Jefferies Group LLC Raises Occidental Petroleum Corporation (OXY) Price Target to $66.00” was posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.watchlistnews.com/jefferies-group-llc-raises-occidental-petroleum-corporation-oxy-price-target-to-66-00/1683008.html.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s payout ratio is 440.00%.

In related news, Director William R. Klesse purchased 10,000 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, August 9th. The stock was purchased at an average cost of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now owns 70,692 shares in the company, valued at approximately $4,353,213.36. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.32% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Grove Bank & Trust grew its stake in Occidental Petroleum Corporation by 54.8% during the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 622 shares during the last quarter. Oakworth Capital Inc. grew its stake in Occidental Petroleum Corporation by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 250 shares during the last quarter. Parallel Advisors LLC grew its stake in Occidental Petroleum Corporation by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after buying an additional 264 shares during the last quarter. FNY Partners Fund LP purchased a new stake in Occidental Petroleum Corporation during the 1st quarter valued at about $126,000. Finally, Fis Group Inc. purchased a new stake in Occidental Petroleum Corporation during the 3rd quarter valued at about $126,000. Hedge funds and other institutional investors own 80.66% of the company’s stock.

Occidental Petroleum Corporation Company Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Occidental Petroleum Corporation (NYSE:OXY)

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.