Occidental Petroleum Receives Hold Rating from Deutsche Bank (OXY)
Occidental Petroleum (NYSE:OXY)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Thursday. They currently have a $114.00 price target on the stock, up from their previous price target of $110.00. Deutsche Bank’s target price points to a potential upside of 12.06% from the company’s current price.
OXY has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Occidental Petroleum in a research note on Friday, June 13th. They now have a $106.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Occidental Petroleum in a research note on Friday, June 13th. They set a “buy” rating and a $114.00 price target on the stock. Finally, 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. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $110.00.
Shares of Occidental Petroleum (NYSE:OXY) traded down 1.42% on Thursday, hitting $100.29. 1,877,143 shares of the company’s stock traded hands. Occidental Petroleum has a 52-week low of $84.91 and a 52-week high of $105.64. The stock has a 50-day moving average of $101.4 and a 200-day moving average of $96.16. The company has a market cap of $78.789 billion and a price-to-earnings ratio of 13.77.
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 $7.30 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Monday, September 8th.
Occidental Petroleum Corporation (NYSE:OXY) conducts its operations through various subsidiaries and affiliates.
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