Investors sold shares of Occidental Petroleum Co. (NYSE:OXY) on strength during trading on Monday. $86.99 million flowed into the stock on the tick-up and $136.99 million flowed out of the stock on the tick-down, for a money net flow of $50.00 million out of the stock. Of all stocks tracked, Occidental Petroleum had the 25th highest net out-flow for the day. Occidental Petroleum traded up $1.64 for the day and closed at $69.95
Several analysts have commented on the stock. ValuEngine downgraded shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Friday. Mizuho reissued a “buy” rating on shares of Occidental Petroleum in a research report on Tuesday, July 24th. Morgan Stanley set a $96.00 target price on shares of Occidental Petroleum and gave the stock a “buy” rating in a research report on Monday. Zacks Investment Research raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Wednesday, October 10th. Finally, National Alliance Securities raised shares of Occidental Petroleum from a “hold” rating to a “buy” rating in a research report on Monday, August 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $83.75.
The company has a current ratio of 1.36, a quick ratio of 1.19 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $52.24 billion, a PE ratio of 78.60, a price-to-earnings-growth ratio of 1.86 and a beta of 0.80.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 8th. The oil and gas producer reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by ($0.11). The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.13 billion. Occidental Petroleum had a return on equity of 9.68% and a net margin of 15.36%. Occidental Petroleum’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Equities analysts predict that Occidental Petroleum Co. will post 5.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 10th will be issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Friday, December 7th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 350.56%.
In related news, Director William R. Klesse purchased 5,000 shares of Occidental Petroleum stock in a transaction on Monday, August 13th. The stock was purchased at an average cost of $78.55 per share, with a total value of $392,750.00. Following the acquisition, the director now directly owns 77,963 shares in the company, valued at $6,123,993.65. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Standard Life Aberdeen plc raised its stake in shares of Occidental Petroleum by 1,541.0% in the 2nd quarter. Standard Life Aberdeen plc now owns 7,584,578 shares of the oil and gas producer’s stock valued at $634,716,000 after buying an additional 7,122,373 shares in the last quarter. Adams Asset Advisors LLC raised its stake in shares of Occidental Petroleum by 7.9% in the 2nd quarter. Adams Asset Advisors LLC now owns 6,789,866 shares of the oil and gas producer’s stock valued at $568,175,000 after buying an additional 500,000 shares in the last quarter. FMR LLC raised its stake in shares of Occidental Petroleum by 232.5% in the 2nd quarter. FMR LLC now owns 6,049,152 shares of the oil and gas producer’s stock valued at $506,194,000 after buying an additional 4,230,065 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Occidental Petroleum by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,735,322 shares of the oil and gas producer’s stock valued at $479,928,000 after buying an additional 490,346 shares in the last quarter. Finally, Levin Capital Strategies L.P. raised its stake in shares of Occidental Petroleum by 11.8% in the 3rd quarter. Levin Capital Strategies L.P. now owns 3,365,150 shares of the oil and gas producer’s stock valued at $276,514,000 after buying an additional 356,312 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.
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About Occidental Petroleum (NYSE:OXY)
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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