Occidental Petroleum (NYSE:OXY) has received an average recommendation of “Hold” from the twenty-two analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $76.94.
Several analysts have commented on the stock. TheStreet raised shares of Occidental Petroleum from a “c+” rating to a “b” rating in a research report on Tuesday, May 8th. Bank of America raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Thursday, May 10th. ValuEngine raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Credit Suisse Group boosted their target price on shares of Occidental Petroleum from $76.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $75.00 target price on shares of Occidental Petroleum in a research report on Tuesday, February 27th.
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OXY stock opened at $85.42 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.26 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $65.41 billion, a price-to-earnings ratio of 95.98, a price-to-earnings-growth ratio of 3.47 and a beta of 0.60. Occidental Petroleum has a 12 month low of $57.84 and a 12 month high of $86.24.
Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, May 8th. The oil and gas producer reported $0.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.21. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.63 billion. Occidental Petroleum had a net margin of 13.47% and a return on equity of 6.15%. The company’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share. equities research analysts predict that Occidental Petroleum will post 3.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, June 11th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, June 8th. Occidental Petroleum’s dividend payout ratio is currently 346.07%.
Large investors have recently added to or reduced their stakes in the stock. Goodman Financial Corp acquired a new position in Occidental Petroleum during the 4th quarter valued at $116,000. Stelac Advisory Services LLC acquired a new position in Occidental Petroleum during the 1st quarter valued at $112,000. Bedel Financial Consulting Inc. acquired a new position in Occidental Petroleum during the 1st quarter valued at $114,000. Trustcore Financial Services LLC acquired a new position in Occidental Petroleum during the 4th quarter valued at $153,000. Finally, Silvant Capital Management LLC acquired a new position in Occidental Petroleum during the 1st quarter valued at $141,000. Hedge funds and other institutional investors own 82.63% of the company’s stock.
Occidental Petroleum Company Profile
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.