Investors sold shares of Occidental Petroleum Corporation (NYSE:OXY) on strength during trading on Friday. $56.31 million flowed into the stock on the tick-up and $96.14 million flowed out of the stock on the tick-down, for a money net flow of $39.83 million out of the stock. Of all stocks tracked, Occidental Petroleum Corporation had the 0th highest net out-flow for the day. Occidental Petroleum Corporation traded up $1.23 for the day and closed at $68.40
A number of equities research analysts recently weighed in on OXY shares. Jefferies Group LLC set a $64.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. BidaskClub upgraded shares of Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC set a $38.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Cowen and Company reiterated a “buy” rating and issued a $75.00 price target on shares of Occidental Petroleum Corporation in a research report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $55.00 price target on shares of Occidental Petroleum Corporation and gave the stock a “hold” rating in a research report on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $66.07.
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. The firm has a market cap of $52,358.06, a price-to-earnings ratio of 195.49, a PEG ratio of 14.57 and a beta of 0.63.
Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 Corporation had a return on equity of 1.31% and a net margin of 4.33%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.15) EPS. sell-side analysts forecast that Occidental Petroleum Corporation will post 0.72 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Monday, December 11th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $3.08 annualized dividend and a yield of 4.50%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 440.00%.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Occidental Petroleum Corporation by 3,198.5% during the 1st quarter. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer’s stock valued at $3,737,692,000 after acquiring an additional 57,202,942 shares in the last quarter. Vanguard Group Inc. grew its stake in Occidental Petroleum Corporation 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 acquiring an additional 1,119,588 shares in the last quarter. State Street Corp grew its stake in Occidental Petroleum Corporation by 1.7% during the 1st quarter. State Street Corp now owns 39,633,185 shares of the oil and gas producer’s stock valued at $2,511,168,000 after acquiring an additional 681,032 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Occidental Petroleum Corporation by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 13,863,518 shares of the oil and gas producer’s stock valued at $830,010,000 after acquiring an additional 247,780 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Occidental Petroleum Corporation by 1.4% during the 2nd quarter. Franklin Resources Inc. now owns 13,570,361 shares of the oil and gas producer’s stock valued at $812,457,000 after acquiring an additional 186,703 shares in the last quarter. 80.29% of the stock is currently owned by institutional investors.
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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.
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