Occidental Petroleum Corporation (NYSE:OXY)‘s stock had its “hold” rating reissued by investment analysts at Mizuho in a research report issued on Friday. They currently have a $64.00 target price on the oil and gas producer’s stock. Mizuho’s price target suggests a potential downside of 6.24% from the stock’s current price.

Several other research firms have also issued reports on OXY. Jefferies Group LLC increased their target price on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday. Cowen and Company reissued a “buy” rating and set a $80.00 target price on shares of Occidental Petroleum Corporation in a research note on Thursday, September 28th. Morgan Stanley increased their price target on Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. BMO Capital Markets set a $60.00 price target on Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Barclays PLC increased their price target on Occidental Petroleum Corporation from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued 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 (NYSE OXY) traded up $0.36 on Friday, reaching $68.26. The company had a trading volume of 6,362,703 shares, compared to its average volume of 4,211,317. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.11. The stock has a market cap of $52,235.63, a price-to-earnings ratio of 195.03, a price-to-earnings-growth ratio of 14.47 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter in the prior year, the company earned ($0.15) EPS. Occidental Petroleum Corporation’s revenue was up 13.3% on a year-over-year basis. research analysts anticipate that Occidental Petroleum Corporation will post 0.71 EPS for the current year.

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In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average price of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Occidental Petroleum Corporation by 3,198.5% during the 1st quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock worth $3,737,692,000 after buying an additional 57,202,942 shares during the last quarter. Vanguard Group Inc. grew its stake in Occidental Petroleum Corporation by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock worth $3,304,357,000 after buying an additional 1,119,588 shares during the last quarter. State Street Corp grew its stake in Occidental Petroleum Corporation by 1.7% during the 1st quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock worth $2,511,168,000 after buying an additional 681,032 shares during the last quarter. Wellington Management Group LLP grew its stake in Occidental Petroleum Corporation by 0.8% during the 1st quarter. Wellington Management Group LLP now owns 13,952,937 shares of the oil and gas producer’s stock worth $884,058,000 after buying an additional 105,546 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Occidental Petroleum Corporation by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock worth $830,010,000 after buying an additional 247,780 shares during the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.

About Occidental Petroleum Corporation

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)

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