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Occidental Petroleum (NYSE:OXY)‘s stock had its “buy” rating restated by TheStreet in a research note issued on Tuesday, American Banking News.com reports.

The analysts wrote, “Occidental Petroleum Corporation (OXY) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+. The company’s strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, increase in stock price during the past year and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”

Shares of Occidental Petroleum (NYSE:OXY) traded down 0.75% during mid-day trading on Tuesday, hitting $95.35. The stock had a trading volume of 205,203 shares. Occidental Petroleum has a 52 week low of $77.21 and a 52 week high of $99.42. The stock’s 50-day moving average is $91.44 and its 200-day moving average is $92.76. The company has a market cap of $75.899 billion and a price-to-earnings ratio of 13.13.

Occidental Petroleum (NYSE:OXY) last released its earnings data on Thursday, January 30th. The company reported $1.72 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Occidental Petroleum will post $6.94 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Shareholders 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 3.00%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Occidental Petroleum’s previous quarterly dividend of $0.64.

A number of other analysts have also recently weighed in on OXY. Analysts at Argus raised their price target on shares of Occidental Petroleum from $105.00 to $110.00 in a research note on Wednesday, February 19th. They now have a “buy” rating on the stock. Separately, analysts at Goldman Sachs 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 investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Occidental Petroleum presently 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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