Occidental Petroleum Now Covered by Deutsche Bank (OXY)
Analysts at Deutsche Bank assumed coverage on shares of Occidental Petroleum (NYSE:OXY) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
A number of other analysts have also recently weighed in on OXY. Analysts at Guggenheim raised their price target on shares of Occidental Petroleum from $112.00 to $115.00 in a research note on Tuesday, June 3rd. Separately, analysts at Barclays cut their price target on shares of Occidental Petroleum from $112.00 to $109.00 in a research note on Tuesday, May 20th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $111.00 price target on the stock, up previously from $103.00. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Occidental Petroleum presently has an average rating of “Buy” and an average target price of $109.17.
In other Occidental Petroleum news, Director John E. Feick unloaded 10,000 shares of Occidental Petroleum stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $96.70, for a total transaction of $967,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Occidental Petroleum (NYSE:OXY) opened at 100.19 on Tuesday. Occidental Petroleum has a 1-year low of $84.91 and a 1-year high of $100.97. The stock has a 50-day moving average of $97.32 and a 200-day moving average of $94.59. The company has a market cap of $78.711 billion and a P/E ratio of 13.59.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.70 by $0.05. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.21 billion. During the same quarter in the prior year, the company posted $1.69 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that Occidental Petroleum will post $7.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Friday, June 6th.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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