Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Capital One Financial issued their Q1 2018 earnings estimates for Occidental Petroleum in a research note issued to investors on Thursday. Capital One Financial analyst R. Tullis expects that the oil and gas producer will earn $0.87 per share for the quarter.

A number of other brokerages also recently issued reports on OXY. Macquarie began coverage on shares of Occidental Petroleum in a research report on Wednesday. They issued a “neutral” rating on the stock. Cowen set a $85.00 price target on shares of Occidental Petroleum and gave the stock a “buy” rating in a research report on Thursday. Mizuho set a $79.00 price objective on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Thursday, January 4th. Finally, Bank of America lowered shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $67.87.

Shares of Occidental Petroleum (OXY) traded down $0.47 during midday trading on Friday, hitting $75.39. 3,012,400 shares of the stock were exchanged, compared to its average volume of 3,649,233. The firm has a market cap of $57,770.00, a P/E ratio of 106.18, a P/E/G ratio of 6.39 and a beta of 0.65. Occidental Petroleum has a 1 year low of $57.20 and a 1 year high of $76.79. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

Occidental Petroleum (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, topping the Zacks’ consensus estimate of $0.11 by $0.07. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.15) EPS.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Occidental Petroleum by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 55,192,202 shares of the oil and gas producer’s stock valued at $3,304,357,000 after purchasing an additional 1,119,588 shares in the last quarter. Macquarie Group Ltd. increased its stake in Occidental Petroleum by 3.6% during the 2nd quarter. Macquarie Group Ltd. now owns 11,948,897 shares of the oil and gas producer’s stock valued at $715,381,000 after purchasing an additional 418,349 shares in the last quarter. Capital International Investors increased its stake in Occidental Petroleum by 3.6% during the 3rd quarter. Capital International Investors now owns 8,273,652 shares of the oil and gas producer’s stock valued at $531,251,000 after purchasing an additional 289,718 shares in the last quarter. Epoch Investment Partners Inc. increased its stake in Occidental Petroleum by 22.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 8,103,731 shares of the oil and gas producer’s stock valued at $520,341,000 after purchasing an additional 1,461,761 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Occidental Petroleum by 2.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,564,040 shares of the oil and gas producer’s stock valued at $421,505,000 after purchasing an additional 175,502 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

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Occidental Petroleum 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.

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