Occidental Petroleum Rating Reiterated by TheStreet (OXY)
“Occidental Petroleum Corporation (OXY) has been reiterated by TheStreet Ratings as a buy with a ratings score of B . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
,” TheStreet’s analyst wrote.
Shares of Occidental Petroleum traded up 1.12% during mid-day trading on Friday, hitting $83.81. Occidental Petroleum has a 52 week low of $72.43 and a 52 week high of $101.97. The stock’s 50-day moving average is currently $84.70. The company has a market cap of $67.510 billion and a P/E ratio of 14.63.
The company also recently declared a quarterly dividend, which is scheduled for Monday, April 15th. Investors of record on Friday, March 8th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Wednesday, March 6th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.54.
A number of other firms have also recently commented on OXY. Analysts at Raymond James upgraded shares of Occidental Petroleum from a market perform rating to an outperform rating in a research note to investors on Monday, February 25th. They now have a $100.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a buy rating on shares of Occidental Petroleum in a research note to investors on Friday, February 15th. They now have a $97.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Occidental Petroleum in a research note to investors on Friday, February 1st. They now have a $93.00 price target on the stock.
Occidental Petroleum Corporation (Occidental) conducts its operations, through various oil and gas, chemical, midstream, marketing and other subsidiaries, and affiliates.
To view TheStreet’s full report, visit www.thestreetratings.com
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