Occidental Petroleum Corporation (NYSE:OXY)‘s stock had its “hold” rating reissued by equities research analysts at Mizuho in a research report issued to clients and investors on Friday. They presently have a $64.00 price objective on the oil and gas producer’s stock. Mizuho’s price target would indicate a potential downside of 6.24% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Cowen and Company reaffirmed a “buy” rating and set a $75.00 target price on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Zacks Investment Research lowered Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Bank of America Corporation upped their target price on Occidental Petroleum Corporation from $70.00 to $76.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Finally, Jefferies Group LLC set a $64.00 target price on Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Saturday, July 29th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $66.07.

Shares of Occidental Petroleum Corporation (NYSE:OXY) traded up $2.80 on Friday, reaching $68.26. The company’s stock had a trading volume of 6,362,703 shares, compared to its average volume of 4,211,317. The company has a quick ratio of 1.12, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $51.96 billion, a price-to-earnings ratio of 194.00, a price-to-earnings-growth ratio of 14.39 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the firm earned ($0.15) earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year. sell-side analysts anticipate that Occidental Petroleum Corporation will post 0.73 earnings per share for the current fiscal year.

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In other Occidental Petroleum Corporation news, Director William R. Klesse acquired 10,000 shares of Occidental Petroleum Corporation stock in a transaction on Wednesday, August 9th. The stock was purchased at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the purchase, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in OXY. Glassman Wealth Services grew its stake in shares of Occidental Petroleum Corporation by 0.3% during the 2nd quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock worth $148,000 after acquiring an additional 8 shares during the period. Partnervest Advisory Services LLC grew its stake in shares of Occidental Petroleum Corporation by 0.5% during the 1st quarter. Partnervest Advisory Services LLC now owns 3,301 shares of the oil and gas producer’s stock worth $209,000 after acquiring an additional 16 shares during the period. Guardian Life Insurance Co. of America grew its stake in shares of Occidental Petroleum Corporation by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock worth $187,000 after acquiring an additional 20 shares during the period. BerganKDV Wealth Management LLC grew its stake in shares of Occidental Petroleum Corporation by 0.5% during the 2nd quarter. BerganKDV Wealth Management LLC now owns 4,939 shares of the oil and gas producer’s stock worth $296,000 after acquiring an additional 23 shares during the period. Finally, Glenview State Bank Trust DEPT. grew its stake in shares of Occidental Petroleum Corporation by 0.4% during the 2nd quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock worth $348,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 80.67% of the company’s stock.

About Occidental Petroleum Corporation

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)

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