Shares of Occidental Petroleum Corporation (NYSE:OXY) have received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $65.43.

OXY has been the topic of several recent research reports. BidaskClub downgraded Occidental Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Piper Jaffray Companies set a $55.00 price objective on Occidental Petroleum and gave the stock a “hold” rating in a research report on Friday, August 25th. Jefferies Group set a $58.00 price objective on Occidental Petroleum and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Zacks Investment Research lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st. Finally, Cowen reissued a “buy” rating and issued a $80.00 price objective on shares of Occidental Petroleum in a research report on Thursday, September 28th.

Occidental Petroleum (OXY) opened at $71.88 on Thursday. The company has a market capitalization of $54,255.90, a PE ratio of 202.57, a price-to-earnings-growth ratio of 14.12 and a beta of 0.65. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $72.96. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (NYSE:OXY) last announced its earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.07. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.15) EPS. equities analysts anticipate that Occidental Petroleum will post 0.77 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum’s payout ratio is 440.00%.

Institutional investors have recently modified their holdings of the stock. Grove Bank & Trust increased its position in Occidental Petroleum by 54.8% in the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 622 shares in the last quarter. Oakworth Capital Inc. boosted its stake in Occidental Petroleum by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after purchasing an additional 250 shares during the last quarter. Fis Group Inc. acquired a new position in Occidental Petroleum during the 3rd quarter valued at about $126,000. Enterprise Financial Services Corp boosted its stake in Occidental Petroleum by 68.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Occidental Petroleum by 14.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,240 shares of the oil and gas producer’s stock valued at $139,000 after purchasing an additional 279 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

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Occidental Petroleum 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 (NYSE:OXY)

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