Economy

Market Insights on Occidental Petroleum Corp (NYSE:OXY)

Market Insights on Occidental Petroleum Corp (NYSE:OXY)

During the same period previous year, the business posted ($0.47) EPS. Jefferies Group has a "Hold" rating and a $70.00 price objective on the stock. Oppenheimer maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Wednesday, September 2.

Occidental Petroleum Co. (NYSE:OXY) Director Stephen I. Chazen sold 4,000 shares of the firm's stock in a transaction dated Thursday, May 11th. Vanguard Group Inc. now owns 54,072,614 shares of the oil and gas producer's stock worth $3,426,042,000 after buying an additional 983,992 shares during the period.

Occidental Petroleum Corporation's ROI is valued at -3.50% relatively measuring the profitability on the investment. For the outlook of the current financial quarter, Analysts think the firm will post 0.27 earnings per share. The Towerview Llc holds 30,000 shares with $2.14M value, down from 40,000 last quarter.

The EPS growth this year is at 87.70% demonstrating an EPS growth of 77.10% in the coming year. "Cut by Analyst (OXY)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of USA & global copyright laws. On average, equities analysts anticipate that Occidental Petroleum will post $1.01 earnings per share for the current year.

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OXY has been the topic of several other research reports. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Equal-Weight" rating given on Monday, June 13 by Morgan Stanley.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Thursday, May 4th. JP Morgan downgraded the shares of ZAYO in report on Wednesday, May 10 to "Neutral" rating. Finally, Scotiabank reiterated a hold rating and set a $68.00 price target on shares of Occidental Petroleum in a research note on Friday, May 5th.

Among 14 analysts covering Danaher Corporation (NYSE:DHR), 11 have Buy rating, 0 Sell and 3 Hold. Occidental Petroleum now has an average rating of "Hold" and an average price target of $71.51. The shares were sold at an average price of $60.53, for a total value of $242,120.00. The rating was maintained by BMO Capital Markets on Friday, May 5 with "Hold". In terms of the stock price in relation to its moving averages, company shares are -0.08% away from the 20-day moving average and -2.58% off of the 50-day average.

Occidental Petroleum Corp (NYSE:OXY) 52-week high price stands at $76.15 and low price stands at $57.20, its price distance from 52-week high is -19.49% while its distance from 52-week low price is 7.19%. It fall, as 66 investors sold Occidental Petroleum Corporation shares while 349 reduced holdings. Wellington Management Group LLP increased its stake in shares of Occidental Petroleum by 0.8% in the first quarter.

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On the other hand the company has Relative Strength Index (RSI 14) of 48.15 along with Average True Range (ATR 14) of 1.14, Consequently Occidental Petroleum Corp (NYSE:OXY)'s weekly and monthly volatility is 1.52%, 1.76% respectively. It also increased its holding in Energy Select Sector Spdr (XLE) by 101,345 shares in the quarter, for a total of 109,820 shares, and has risen its stake in Siemens Ag Adr (SIEGY). Finally, Mosaic Family Wealth LLC increased its position in shares of Occidental Petroleum by 4.0% in the first quarter. 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. During the height of the dot-com bubble in 2000 many start up internet stocks with very high betas were soaring in price only to subsequently collapse in value. The stock hit its 52-week high on 08/30/16, and 52-week low on 05/04/17. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Sell-side analysts also have something to say about this company. The shares were purchased at an average price of $62.72 per share, with a total value of $940,800.00. Following the completion of the sale, the director now directly owns 1,460,619 shares in the company, valued at $88,411,268.07. The disclosure for this purchase can be found here. Volume on the day was 1.4 million shares. Insiders own 0.35% of the company's stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 9th will be given a $0.76 dividend. A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range. Occidental Petroleum's dividend payout ratio (DPR) is -400.00%. Past 5 years growth of Occidental Petroleum Corp (NYSE:OXY) observed at -53.65%, looking forward for the next 5 years it has a strong prediction of 159.28% over growth. The Firm operates through three divisions: gas and oil, chemical (OxyChem), and midstream and marketing.

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