Occidental Petroleum Co. (NYSE:OXY) reached a new 52-week low on Wednesday . The stock traded as low as $52.61 and last traded at $52.63, with a volume of 7167576 shares trading hands. The stock had previously closed at $53.51.

OXY has been the topic of several research reports. Mizuho restated a “buy” rating and set a $82.00 price target on shares of Occidental Petroleum in a research report on Wednesday, February 13th. Morgan Stanley set a $72.00 price target on Occidental Petroleum and gave the company a “buy” rating in a research report on Thursday, February 14th. Barclays lowered Occidental Petroleum from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $77.00 to $70.00 in a research report on Friday, February 15th. Citigroup lowered Occidental Petroleum from a “buy” rating to a “neutral” rating and dropped their price target for the company from $80.00 to $72.00 in a research report on Tuesday, February 19th. Finally, ValuEngine upgraded Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. Occidental Petroleum has a consensus rating of “Hold” and an average target price of $75.30.

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03. The company has a market capitalization of $40.02 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 2.75 and a beta of 0.76.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Occidental Petroleum had a return on equity of 17.70% and a net margin of 21.17%. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $4.02 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, analysts forecast that Occidental Petroleum Co. will post 3.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s dividend payout ratio is currently 62.28%.

Hedge funds have recently bought and sold shares of the company. We Are One Seven LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth $25,000. Country Trust Bank raised its stake in shares of Occidental Petroleum by 434.6% in the fourth quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock worth $26,000 after purchasing an additional 339 shares during the last quarter. Pinnacle Bank purchased a new position in shares of Occidental Petroleum in the fourth quarter worth $28,000. Sontag Advisory LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter worth $32,000. Finally, Rational Advisors LLC raised its stake in shares of Occidental Petroleum by 83.2% in the fourth quarter. Rational Advisors LLC now owns 555 shares of the oil and gas producer’s stock worth $34,000 after purchasing an additional 252 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

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About Occidental Petroleum (NYSE:OXY)

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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