Occidental Petroleum Corporation (NYSE:OXY) had its price target hoisted by Barclays PLC from $38.00 to $40.00 in a research note published on Wednesday. They currently have an underweight rating on the oil and gas producer’s stock.

A number of other equities analysts also recently commented on OXY. Jefferies Group LLC restated a hold rating and set a $58.00 price objective on shares of Occidental Petroleum Corporation in a research report on Friday, October 6th. BMO Capital Markets set a $60.00 price objective on shares of Occidental Petroleum Corporation and gave the stock a hold rating in a research report on Tuesday, October 10th. Cowen and Company restated a buy rating and set a $80.00 price objective on shares of Occidental Petroleum Corporation in a research report on Thursday, September 28th. Scotiabank restated a hold rating and set a $60.00 price objective on shares of Occidental Petroleum Corporation in a research report on Friday, June 30th. Finally, Wolfe Research upgraded shares of Occidental Petroleum Corporation from a market perform rating to an outperform rating in a research report on Monday, July 17th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. Occidental Petroleum Corporation currently has an average rating of Hold and a consensus price target of $65.71.

Occidental Petroleum Corporation (NYSE:OXY) opened at 64.73 on Wednesday. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $75.60. The stock has a market cap of $49.49 billion, a PE ratio of 455.85 and a beta of 0.67. The firm has a 50-day moving average of $62.49 and a 200-day moving average of $61.35.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. Occidental Petroleum Corporation’s quarterly revenue was up 40.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.18) EPS. Equities analysts predict that Occidental Petroleum Corporation will post $0.66 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.77 per share. The ex-dividend date is Friday, December 8th. This represents a $3.08 annualized dividend and a yield of 4.76%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 2,369.23%.

In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was purchased at an average cost of $61.58 per share, for a total transaction of $615,800.00. Following the acquisition, the director now owns 70,692 shares of the company’s stock, valued at approximately $4,353,213.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

Large investors have recently bought and sold shares of the business. Grove Bank & Trust increased its holdings in Occidental Petroleum Corporation by 54.8% during the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after acquiring an additional 622 shares in the last quarter. Oakworth Capital Inc. increased its holdings in Occidental Petroleum Corporation by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after acquiring an additional 250 shares in the last quarter. Parallel Advisors LLC increased its holdings in Occidental Petroleum Corporation by 15.6% during the 1st quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after acquiring an additional 264 shares in the last quarter. FNY Partners Fund LP purchased a new position in Occidental Petroleum Corporation during the 1st quarter valued at about $126,000. Finally, MV Capital Management Inc. increased its holdings in Occidental Petroleum Corporation by 6.1% during the 2nd quarter. MV Capital Management Inc. now owns 2,333 shares of the oil and gas producer’s stock valued at $140,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.

About Occidental Petroleum Corporation

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 Corporation (NYSE:OXY)

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