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Analysts at Argus raised their target price on shares of Occidental Petroleum (NYSE:OXY) from $105.00 to $110.00 in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Argus’ price objective indicates a potential upside of 14.25% from the company’s current price.

Occidental Petroleum (NYSE:OXY) traded down 0.56% during mid-day trading on Wednesday, hitting $95.74. The stock had a trading volume of 3,397,473 shares. Occidental Petroleum has a 52 week low of $77.21 and a 52 week high of $99.42. The stock has a 50-day moving average of $91.20 and a 200-day moving average of $92.55. The company has a market cap of $76.209 billion and a price-to-earnings ratio of 13.16.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $5.79 billion. On average, analysts predict that Occidental Petroleum will post $6.95 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Stockholders of record on Monday, March 10th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.64.

OXY has been the subject of a number of other recent research reports. Analysts at Goldman Sachs reiterated a “buy” rating on shares of Occidental Petroleum in a research note on Friday, February 14th. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Occidental Petroleum in a research note on Friday, February 14th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum in a research note on Tuesday, February 4th. They now have a $93.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $106.06.

Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.

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