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Barclays cut their price objective on shares of Occidental Petroleum (NYSE:OXY) from $120.00 to $117.00 in a research note issued on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ price target indicates a potential upside of 16.33% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Occidental Petroleum from $110.00 to $114.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $110.62.

Occidental Petroleum (NYSE:OXY) traded down 0.35% during mid-day trading on Monday, hitting $100.58. 2,575,276 shares of the company’s stock traded hands. Occidental Petroleum has a one year low of $84.91 and a one year high of $105.64. The stock has a 50-day moving average of $101.5 and a 200-day moving average of $96.24. The company has a market cap of $79.017 billion and a price-to-earnings ratio of 13.66.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Monday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Occidental Petroleum will post $7.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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 2.86%. 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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