They presently have a $68.00 target price on the oil and gas producer's stock.
Other equities analysts have also issued research reports about the stock.
TRADEMARK VIOLATION NOTICE: "FY2018 EPS Estimates for Occidental Petroleum Co". Barclays PLC lowered their price objective on shares of Occidental Petroleum from $63.00 to $62.00 and set an "underweight" rating for the company in a report on Thursday, January 26th. Jefferies Group LLC reiterated a hold rating and set a $70.00 price target on shares of Occidental Petroleum in a report on Monday. JP Morgan downgraded the shares of ZAYO in report on Wednesday, May 10 to "Neutral" rating. Patten Group Inc Inc holds 0.52% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 16,655 shares. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $73.08 on company stock. Occidental Petroleum now has an average rating of "Hold" and an average price target of $71.51.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Thursday, May 4th. The stock had a trading volume of 1,693,236 shares. This change led market cap to move at $46.43B, putting the price -20.52% below the 52-week high and 5.82% above the 52-week low. The rating was maintained by BMO Capital Markets on Friday, May 5 with "Hold". The company has a 50-day moving average price of $62.23 and a 200-day moving average price of $66.53. About shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 6.00% since April 19, 2017 and is uptrending. Permian Investment Partners Lp sold 242,800 shares as Zayo Group Hldgs Inc (ZAYO)'s stock 0.00%.
Occidental Petroleum Corp (NYSE:OXY)'s revenue estimates for the current quarter are $3.13 Billion according to 7 number of analysts, for the current quarter the company has high revenue estimates of $3.25 Billion in contradiction of low revenue estimates of $3.03 Billion.More news: Oil up on falling U.S. inventories
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In terms of Buy, Sell or Hold recommendations, Occidental Petroleum Corp (NYSE:OXY) has analysts' mean recommendation of 2.6. The company's revenue was up 30.6% compared to the same quarter a year ago. During the same period past year, the business posted ($0.47) EPS. Cetera Advsrs Ltd Liability has invested 0.03% in Occidental Petroleum Corporation (NYSE:OXY).
COPYRIGHT VIOLATION WARNING: This story was reported by Markets Daily and is the sole property of of Markets Daily. The original version of this story can be read at https://www.themarketsdaily.com/2017/05/19/occidental-petroleum-co-oxy-receives-hold-rating-from-scotiabank.html.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 9th will be paid a dividend of $0.76 per share. The ex-dividend date is Wednesday, June 7th. This represents a $3.04 annualized dividend and a dividend yield of 5.04%. $940,800 worth of Occidental Petroleum Corporation (NYSE:OXY) was bought by Hollub Vicki A. on Monday, March 13. The Northeast Investment Management holds 81,267 shares with $5.79 million value, down from 91,310 last quarter. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen I. Chazen sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, May 4th. Northeast Investment Management sold 10,043 shares as Occidental Pete Corp (OXY)'s stock 0.00%. Following the purchase, the insider now directly owns 76,018 shares in the company, valued at approximately $4,767,848.96. The firm has a 50-day moving average of $62.04 and a 200 day moving average of $66.44. The stock rose 0.77% or $0.24 reaching $31.36.
Several large investors have recently bought and sold shares of OXY. Narwhal Capital Management now owns 27,680 shares of the oil and gas producer's stock worth $2,018,000 after buying an additional 2,400 shares during the last quarter. Financial Architects Inc now owns 1,524 shares of the oil and gas producer's stock worth $112,000 after buying an additional 491 shares during the period. Enterprise Financial Services Corp now owns 1,553 shares of the oil and gas producer's stock worth $113,000 after buying an additional 414 shares during the period. Concert Wealth Management Inc. boosted its position in shares of Occidental Petroleum by 0.3% in the first quarter. The stock ended last trade at $60.29 a share and the price is up more than -14.35% so far this year.
Two other important profitability ratios for investors to know are both returns-based ratios that measure a company's ability to create wealth for shareholders. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) were released by: Seekingalpha.com and their article: "Occidental Petroleum -2.5% as Q2 production outlook disappoints" published on May 04, 2017 as well as Nasdaq.com's news article titled: "Kitzinger Lautmann Capital Management Inc Buys Occidental Petroleum Corp ..." with publication date: May 09, 2017. The Firm operates through three divisions: gas and oil, chemical (OxyChem), and midstream and marketing.