Occidental Petroleum Corporation (NYSE:OXY) received a $58.00 price target from research analysts at Jefferies Group LLC in a research report issued on Tuesday. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. Jefferies Group LLC’s target price points to a potential downside of 1.98% from the stock’s current price.

A number of other equities analysts also recently weighed in on OXY. Piper Jaffray Companies set a $55.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. BidaskClub downgraded Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Cowen and Company reaffirmed a “buy” rating and set a $75.00 price target on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. Barclays PLC set a $38.00 price target on Occidental Petroleum Corporation and gave the stock a “sell” rating in a research report on Friday, August 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price target on shares of Occidental Petroleum Corporation in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $65.14.

Occidental Petroleum Corporation (NYSE:OXY) opened at 59.17 on Tuesday. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $78.48. The firm has a market cap of $45.24 billion, a price-to-earnings ratio of 416.69 and a beta of 0.65. The company’s 50-day moving average is $60.41 and its 200 day moving average is $61.97.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the previous year, the firm earned ($0.18) EPS. Occidental Petroleum Corporation’s quarterly revenue was up 40.9% compared to the same quarter last year. On average, equities research analysts predict that Occidental Petroleum Corporation will post $0.67 earnings per share for the current year.

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In other Occidental Petroleum Corporation news, CFO Cedric W. Burgher purchased 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were acquired at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the purchase, the chief financial officer now owns 44,124 shares in the company, valued at $2,640,821.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William R. Klesse purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was acquired at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the purchase, the director now owns 70,692 shares in the company, valued at approximately $4,353,213.36. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Glassman Wealth Services boosted its stake in Occidental Petroleum Corporation by 0.3% in the second quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after buying an additional 8 shares during the period. Partnervest Advisory Services LLC boosted its stake in Occidental Petroleum Corporation by 0.5% in the first quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after buying an additional 16 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Occidental Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock worth $187,000 after buying an additional 20 shares during the period. Concert Wealth Management Inc. boosted its stake in Occidental Petroleum Corporation by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 8,383 shares of the oil and gas producer’s stock worth $595,000 after buying an additional 23 shares during the period. Finally, BerganKDV Wealth Management LLC boosted its stake in Occidental Petroleum Corporation by 0.5% in the second quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 80.85% 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)

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