Occidental Petroleum Corporation (NYSE:OXY) saw some unusual options trading on Thursday. Stock traders purchased 65,792 call options on the stock. This is an increase of 2,491% compared to the typical volume of 2,539 call options.

Several equities analysts have recently issued reports on the company. Cowen reaffirmed a “buy” rating and issued a $75.00 target price on shares of Occidental Petroleum in a report on Tuesday, August 22nd. Mizuho reaffirmed a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a report on Friday, November 3rd. Bank of America upped their target price on Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, October 13th. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research lowered Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Thursday, August 31st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. Occidental Petroleum has an average rating of “Hold” and a consensus target price of $67.27.

Occidental Petroleum (NYSE:OXY) opened at $69.50 on Tuesday. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $73.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The company has a market capitalization of $52,700.00, a price-to-earnings ratio of 196.77, a PEG ratio of 13.97 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the company earned ($0.15) earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. research analysts anticipate that Occidental Petroleum will post 0.76 EPS for the current fiscal year.

The firm also recently disclosed 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. The ex-dividend date is Friday, December 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.43%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 433.80%.

Several hedge funds have recently modified their holdings of OXY. Barometer Capital Management Inc. purchased a new stake in Occidental Petroleum during the third quarter valued at about $12,213,000. BP PLC purchased a new stake in Occidental Petroleum during the second quarter valued at about $5,210,000. Federated Investors Inc. PA raised its position in Occidental Petroleum by 18.0% during the second quarter. Federated Investors Inc. PA now owns 7,569,462 shares of the oil and gas producer’s stock valued at $453,184,000 after purchasing an additional 1,152,152 shares in the last quarter. BB&T Securities LLC raised its position in Occidental Petroleum by 71.1% during the second quarter. BB&T Securities LLC now owns 452,611 shares of the oil and gas producer’s stock valued at $27,097,000 after purchasing an additional 188,009 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Occidental Petroleum by 72.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 847,287 shares of the oil and gas producer’s stock valued at $50,831,000 after purchasing an additional 356,351 shares in the last quarter. Institutional investors own 80.34% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Traders Buy Large Volume of Occidental Petroleum Call Options (OXY)” was posted by Watch List News and is owned by of Watch List News. If you are viewing this news story on another domain, it was stolen and republished in violation of US and international copyright laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/traders-buy-large-volume-of-occidental-petroleum-call-options-oxy/1758447.html.

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.

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.