Jefferies Group LLC set a $64.00 price target on Occidental Petroleum Corporation (NYSE:OXY) in a research note published on Saturday. The firm currently has a hold rating on the oil and gas producer’s stock.

Other equities research analysts have also recently issued reports about the stock. Cowen and Company reiterated a buy rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a research report on Tuesday, May 23rd. Credit Suisse Group reiterated a buy rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday, May 19th. Bank of America Corp reiterated a buy rating and issued a $80.00 price target (down from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. BMO Capital Markets reiterated a hold rating and issued a $65.00 price target on shares of Occidental Petroleum Corporation in a research report on Thursday, June 22nd. Finally, Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a sell rating to a hold rating in a research report on Tuesday, June 20th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Occidental Petroleum Corporation presently has an average rating of Hold and a consensus target price of $68.51.

Occidental Petroleum Corporation (OXY) opened at 61.53 on Friday. The firm’s 50-day moving average is $60.30 and its 200-day moving average is $62.94. The stock’s market cap is $47.04 billion. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. Occidental Petroleum Corporation had a negative net margin of 4.82% and a negative return on equity of 1.04%. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.47) earnings per share. On average, equities analysts forecast that Occidental Petroleum Corporation will post $0.59 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/occidental-petroleum-corporation-nyseoxy-given-a-64-00-price-target-at-jefferies-group-llc/1465959.html.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be paid a $0.77 dividend. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 annualized dividend and a dividend yield of 5.01%. Occidental Petroleum Corporation’s payout ratio is presently -428.17%.

In related news, Director Stephen I. Chazen sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $59.47, for a total value of $237,880.00. Following the completion of the sale, the director now owns 1,464,619 shares of the company’s stock, valued at approximately $87,100,891.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Cedric W. Burgher purchased 1,700 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was purchased at an average cost of $59.85 per share, with a total value of $101,745.00. Following the purchase, the chief financial officer now owns 44,124 shares in the company, valued at approximately $2,640,821.40. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Occidental Petroleum Corporation during the first quarter worth about $102,000. Grove Bank & Trust boosted its stake in shares of Occidental Petroleum Corporation by 54.8% in the second 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. boosted its stake in shares of Occidental Petroleum Corporation by 14.7% in the second 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 boosted its stake in shares of Occidental Petroleum Corporation by 15.6% in the first 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. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 72 shares during the last quarter. 81.23% of the stock is owned by institutional investors and hedge funds.

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.