Scotiabank reiterated their hold rating on shares of Occidental Petroleum Corporation (NYSE:OXY) in a report published on Wednesday. Scotiabank currently has a $64.00 price target on the oil and gas producer’s stock.

A number of other research analysts have also commented on OXY. Jefferies Group LLC set a $64.00 price objective on shares of Occidental Petroleum and gave the company a hold rating in a research note on Saturday, July 29th. BidaskClub upgraded shares of Occidental Petroleum from a strong sell rating to a sell rating in a research note on Monday, July 31st. Barclays PLC set a $38.00 price objective on shares of Occidental Petroleum and gave the company a sell rating in a research note on Friday, August 4th. Cowen Inc reiterated a buy rating and set a $75.00 price objective on shares of Occidental Petroleum in a research note on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $55.00 price objective on shares of Occidental Petroleum and gave the company a hold rating in a research note on Friday, August 25th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Occidental Petroleum currently has an average rating of Hold and a consensus target price of $67.27.

Shares of Occidental Petroleum (NYSE:OXY) opened at $68.42 on Wednesday. Occidental Petroleum has a 12 month low of $57.20 and a 12 month high of $73.51. The company has a market cap of $52,358.06, a P/E ratio of 195.49, a price-to-earnings-growth ratio of 14.57 and a beta of 0.63. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the business earned ($0.15) earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. equities research analysts forecast that Occidental Petroleum will post 0.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Monday, December 11th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum’s payout ratio is 440.00%.

Large investors have recently modified their holdings of the stock. Barometer Capital Management Inc. acquired a new position in Occidental Petroleum in the 3rd quarter worth approximately $12,213,000. BP PLC acquired a new position in Occidental Petroleum in the 2nd quarter worth approximately $5,210,000. Federated Investors Inc. PA boosted its stake in Occidental Petroleum by 18.0% in the 2nd quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock worth $453,184,000 after purchasing an additional 1,152,152 shares during the period. BB&T Securities LLC boosted its stake in Occidental Petroleum by 71.1% in the 2nd quarter. BB&T Securities LLC now owns 452,611 shares of the oil and gas producer’s stock worth $27,097,000 after purchasing an additional 188,009 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its stake in Occidental Petroleum by 72.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 847,287 shares of the oil and gas producer’s stock worth $50,831,000 after purchasing an additional 356,351 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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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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