Occidental Petroleum (NYSE:OXY) was upgraded by research analysts at Citigroup from a “sell” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.
Several other equities analysts also recently issued reports on OXY. Mizuho set a $79.00 price objective on Occidental Petroleum and gave the company a “hold” rating in a research report on Tuesday, January 16th. Cowen set a $85.00 target price on Occidental Petroleum and gave the stock a “buy” rating in a research report on Thursday. Macquarie initiated coverage on Occidental Petroleum in a research report on Wednesday, January 17th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research report on Thursday, January 4th. Finally, Scotiabank restated a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum in a research report on Wednesday, November 22nd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.87.
Occidental Petroleum (NYSE:OXY) opened at $75.55 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. Occidental Petroleum has a 52-week low of $57.20 and a 52-week high of $76.79. The stock has a market capitalization of $57,814.29, a price-to-earnings ratio of 107.93, a price-to-earnings-growth ratio of 5.54 and a beta of 0.65.
Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data 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 had a return on equity of 1.31% and a net margin of 4.33%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted ($0.15) EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities research analysts expect that Occidental Petroleum will post 0.84 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fis Group Inc. bought a new stake in Occidental Petroleum in the third quarter valued at about $126,000. Enterprise Financial Services Corp increased its holdings in Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares during the last quarter. MPS Loria Financial Planners LLC bought a new stake in Occidental Petroleum in the second quarter valued at about $147,000. Atlantic Trust LLC increased its holdings in Occidental Petroleum by 23.8% in the second quarter. Atlantic Trust LLC now owns 2,785 shares of the oil and gas producer’s stock valued at $154,000 after purchasing an additional 535 shares during the last quarter. Finally, Harfst & Associates Inc. increased its holdings in Occidental Petroleum by 16.2% in the second quarter. Harfst & Associates Inc. now owns 3,106 shares of the oil and gas producer’s stock valued at $185,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds own 80.15% 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.