Occidental Petroleum Corporation (OXY) Earning Somewhat Favorable News Coverage, Study Shows
News headlines about Occidental Petroleum Corporation (NYSE:OXY) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Occidental Petroleum Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 47.3587767839712 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- Analyzing Occidental Petroleum’s Post-Earnings Stock Performance (finance.yahoo.com)
- Zacks: Analysts Expect Occidental Petroleum Corporation (OXY) to Post $0.12 Earnings Per Share (americanbankingnews.com)
- Oxy Aiming to Thrive in Low-Priced Environment with Rising Permian Production – Natural Gas Intelligence (naturalgasintel.com)
- Technical Facts to Know: Occidental Petroleum Corporation (OXY) traded -20.88% away from 52-Week High – Voice Of Analysts (analystsbuzz.com)
- Occidental Petroleum Turned Its 2Q16 Losses into Profits in 2Q17 (finance.yahoo.com)
OXY has been the topic of several research reports. Bank of America Corporation reaffirmed a “buy” rating and issued a $80.00 target price (down from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Mitsubishi UFJ Financial Group initiated coverage on Occidental Petroleum Corporation in a research report on Monday, May 29th. They issued a “hold” rating and a $69.00 target price on the stock. Cowen and Company reaffirmed a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum Corporation in a research report on Tuesday, May 23rd. Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research lowered Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $66.38.
Shares of Occidental Petroleum Corporation (NYSE OXY) traded up 0.51% during mid-day trading on Wednesday, reaching $61.66. The company had a trading volume of 2,483,393 shares. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $78.48. The firm’s 50-day moving average is $60.32 and its 200 day moving average is $62.88. The company has a market capitalization of $47.37 billion, a price-to-earnings ratio of 425.24 and a beta of 0.65.
Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same quarter last year, the company posted ($0.18) earnings per share. Occidental Petroleum Corporation’s quarterly revenue was up 40.9% on a year-over-year basis. On average, equities research analysts predict that Occidental Petroleum Corporation will post $0.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a yield of 5.00%. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,338.46%.
In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher purchased 1,700 shares of Occidental Petroleum Corporation stock in a transaction that occurred on Wednesday, June 7th. The stock was acquired at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the completion of the acquisition, the chief financial officer now owns 44,124 shares of the company’s stock, valued at approximately $2,640,821.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen I. Chazen sold 4,000 shares of Occidental Petroleum Corporation stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $60.53, for a total value of $242,120.00. Following the transaction, the director now owns 1,460,619 shares of the company’s stock, valued at approximately $88,411,268.07. The disclosure for this sale can be found here. Company insiders own 0.32% of the company’s stock.
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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.
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