Occidental Petroleum Corporation (NYSE:OXY) has been assigned a consensus rating of “Hold” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $67.00.

A number of brokerages have commented on OXY. Bank of America downgraded shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 target price for the company. in a report on Thursday, January 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a report on Thursday, January 4th. Cowen reiterated a “buy” rating and issued a $80.00 target price on shares of Occidental Petroleum in a report on Thursday, September 28th. Scotiabank reiterated a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a report on Wednesday, November 22nd. Finally, Mizuho set a $71.00 target price on shares of Occidental Petroleum and gave the stock a “hold” rating in a report on Friday, November 24th.

Shares of Occidental Petroleum (NYSE:OXY) opened at $76.53 on Monday. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $58,564.23, a PE ratio of 109.33, a P/E/G ratio of 6.83 and a beta of 0.65. Occidental Petroleum has a fifty-two week low of $57.20 and a fifty-two week high of $76.76.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.07. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.15) earnings per share. research analysts anticipate that Occidental Petroleum will post 0.8 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Barometer Capital Management Inc. purchased a new stake in Occidental Petroleum in the third quarter valued at approximately $12,213,000. California Public Employees Retirement System boosted its position in Occidental Petroleum by 3.3% in the third quarter. California Public Employees Retirement System now owns 2,047,285 shares of the oil and gas producer’s stock valued at $131,456,000 after buying an additional 64,533 shares during the last quarter. Swiss National Bank boosted its position in Occidental Petroleum by 0.9% in the third quarter. Swiss National Bank now owns 2,892,043 shares of the oil and gas producer’s stock valued at $185,698,000 after buying an additional 25,100 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Occidental Petroleum in the third quarter valued at approximately $3,792,000. Finally, Cubist Systematic Strategies LLC boosted its position in Occidental Petroleum by 178.7% in the second quarter. Cubist Systematic Strategies LLC now owns 58,489 shares of the oil and gas producer’s stock valued at $3,502,000 after buying an additional 37,499 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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About Occidental Petroleum

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 (NYSE:OXY)

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