Brokers Change Their Target Price On Occidental Petroleum Corporation (NYSE:OXY)


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: The Venom Movie Has Chosen Its Star/Symbiote Host: Tom Hardy
More news: Oh Snap! Shares drop 25 percent after disappointing results
More news: Act II for France's Macron: getting the majority to govern

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

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: and their article: "Occidental Petroleum -2.5% as Q2 production outlook disappoints" published on May 04, 2017 as well as'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.