Shares of Occidental Petroleum Corporation (NYSE:OXY) have received an average rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $66.38.

A number of equities research analysts have recently weighed in on the company. Scotiabank restated a “hold” rating and set a $68.00 price target on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Zacks Investment Research upgraded Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BMO Capital Markets set a $65.00 price target on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research note on Thursday, May 4th. Jefferies Group LLC restated a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a research note on Friday, June 23rd. Finally, BidaskClub upgraded Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st.

In related news, CFO Cedric W. Burgher acquired 1,700 shares of the stock in a transaction on Wednesday, June 7th. The shares were acquired at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the transaction, the chief financial officer now owns 44,124 shares in the company, valued at approximately $2,640,821.40. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director William R. Klesse acquired 10,000 shares of the stock in a transaction on Wednesday, August 9th. The stock was bought at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the transaction, the director now owns 70,692 shares in the company, valued at approximately $4,353,213.36. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in OXY. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Occidental Petroleum Corporation during the first quarter valued at approximately $102,000. Grove Bank & Trust raised its stake in Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock valued at $105,000 after buying an additional 622 shares in the last quarter. Mosaic Family Wealth LLC raised its stake in Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock valued at $120,000 after buying an additional 72 shares in the last quarter. Oakworth Capital Inc. raised its stake in Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock valued at $117,000 after buying an additional 250 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock valued at $118,000 after buying an additional 264 shares in the last quarter. Institutional investors and hedge funds own 81.42% of the company’s stock.

Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 58.92 on Friday. The stock has a market cap of $45.05 billion, a P/E ratio of 414.93 and a beta of 0.65. The stock’s 50 day moving average is $60.55 and its 200-day moving average is $62.36. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3 billion. During the same quarter in the previous year, the firm earned ($0.18) earnings per share. The company’s revenue was up 40.9% on a year-over-year basis. On average, equities analysts forecast that Occidental Petroleum Corporation will post $0.66 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a yield of 5.23%. This is a positive change from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is currently 2,338.46%.

TRADEMARK VIOLATION WARNING: This article was published by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/08/18/occidental-petroleum-corporation-oxy-given-average-rating-of-hold-by-brokerages.html.

Occidental Petroleum Corporation Company Profile

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

Analyst Recommendations for Occidental Petroleum Corporation (NYSE:OXY)

Receive News & Ratings for Occidental Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.