Occidental Petroleum Corporation (OXY) Earning Somewhat Favorable Press Coverage, Accern Reports
News coverage about Occidental Petroleum Corporation (NYSE:OXY) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Occidental Petroleum Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the oil and gas producer an impact score of 46.4248064155074 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- BRIEF-Occidental Petroleum says operations have returned to pre-Hurricane Harvey levels (businessinsider.com)
- Occidental Petroleum Named Top Dividend Stock With Insider Buying and 4.79% Yield (OXY) (nasdaq.com)
- Occidental Petroleum Corporation (OXY) to Issue $0.77 Quarterly Dividend (americanbankingnews.com)
- OTTCO & Occidental Petroleum sign deal for Raz Markaz terminal (tankstoragemag.com)
Several equities research analysts recently issued reports on the company. Cowen and Company reiterated a “buy” rating and set a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Thursday, September 28th. Zacks Investment Research upgraded Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Jefferies Group LLC set a $58.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Tuesday, August 29th. Piper Jaffray Companies set a $55.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, BidaskClub cut Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. Occidental Petroleum Corporation has an average rating of “Hold” and an average price target of $65.50.
Occidental Petroleum Corporation (NYSE:OXY) opened at 64.35 on Friday. The stock has a market cap of $49.20 billion, a PE ratio of 453.17 and a beta of 0.67. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $75.60. The stock’s 50 day moving average price is $61.51 and its 200-day moving average price is $61.32.
Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the company posted ($0.18) earnings per share. Occidental Petroleum Corporation’s revenue was up 40.9% compared to the same quarter last year. Analysts anticipate that Occidental Petroleum Corporation will post $0.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.79%. Occidental Petroleum Corporation’s payout ratio is currently 2,369.23%.
In other news, Director William R. Klesse acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was bought at an average price of $61.58 per share, with a total value of $615,800.00. Following the completion of the acquisition, the director now directly owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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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