Occidental Petroleum (NYSE:OXY) had its price objective lifted by JPMorgan Chase & Co. from $74.00 to $75.00 in a research note issued to investors on Thursday. They currently have a neutral rating on the oil and gas producer’s stock.
Other equities analysts have also issued research reports about the company. Goldman Sachs Group raised Occidental Petroleum from a neutral rating to a buy rating in a research report on Friday, November 17th. Cowen set a $85.00 target price on Occidental Petroleum and gave the stock a buy rating in a research report on Thursday, January 18th. Morgan Stanley boosted their price target on Occidental Petroleum from $62.00 to $66.00 and gave the company an equal weight rating in a research note on Wednesday, October 18th. Mizuho set a $79.00 price target on Occidental Petroleum and gave the company a hold rating in a research note on Tuesday, January 16th. Finally, ValuEngine upgraded Occidental Petroleum from a sell rating to a hold rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $70.60.
Occidental Petroleum (OXY) opened at $68.16 on Thursday. Occidental Petroleum has a 52-week low of $57.20 and a 52-week high of $78.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 0.95. The firm has a market capitalization of $52,159.10, a PE ratio of 76.58, a price-to-earnings-growth ratio of 4.23 and a beta of 0.53.
Occidental Petroleum (NYSE:OXY) last issued its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter in the previous year, the firm earned ($0.13) EPS. equities analysts forecast that Occidental Petroleum will post 2.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.52%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 180.12%.
Several large investors have recently made changes to their positions in the stock. Sawtooth Solutions LLC grew its stake in shares of Occidental Petroleum by 193.6% during the 4th quarter. Sawtooth Solutions LLC now owns 36,206 shares of the oil and gas producer’s stock valued at $2,667,000 after acquiring an additional 23,873 shares during the period. Compagnie Lombard Odier SCmA grew its stake in shares of Occidental Petroleum by 5.8% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 132,737 shares of the oil and gas producer’s stock valued at $9,777,000 after acquiring an additional 7,333 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Occidental Petroleum by 42.8% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 46,045 shares of the oil and gas producer’s stock valued at $3,392,000 after acquiring an additional 13,800 shares during the period. First Commonwealth Financial Corp PA bought a new position in shares of Occidental Petroleum during the 4th quarter valued at approximately $326,000. Finally, BRYN MAWR TRUST Co grew its stake in shares of Occidental Petroleum by 6.1% during the 4th quarter. BRYN MAWR TRUST Co now owns 173,265 shares of the oil and gas producer’s stock valued at $12,762,000 after acquiring an additional 9,986 shares during the period. Institutional investors own 79.98% 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.
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