NYSE:OXY - Get Free Report ) traded up 1.2% during trading on Thursday after Mizuho raised their price target on the stock from $70.00 to $71.00. Mizuho currently has a neutral rating on the stock. Occidental Petroleum traded as high as $64.56 and last traded at $64.43. 1,697,886 shares were traded during mid-day trading, a decline of 80% from the average session volume of 8,403,294 shares. The stock had previously closed at $63.68.
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A number of other research firms also recently weighed in on OXY. Wells Fargo & Company upped their price target on shares of Occidental Petroleum from $62.00 to $70.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 11th. Scotiabank upgraded shares of Occidental Petroleum from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $63.00 to $90.00 in a report on Thursday, April 11th. Morgan Stanley raised their price target on Occidental Petroleum from $66.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, March 28th. StockNews.com upgraded Occidental Petroleum from a "sell" rating to a "hold" rating in a research note on Friday, March 15th. Finally, Truist Financial lifted their price target on Occidental Petroleum from $77.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum presently has an average rating of "Hold" and a consensus target price of $71.88.
View Our Latest Report on OXY
Institutional Investors Weigh In On Occidental Petroleum Institutional investors and hedge funds have recently made changes to their positions in the company. Investment Research & Advisory Group Inc. raised its position in shares of Occidental Petroleum by 75.2% during the first quarter. Investment Research & Advisory Group Inc. now owns 389 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 167 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Occidental Petroleum during the 3rd quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Occidental Petroleum during the third quarter worth $27,000. TLW Wealth Management LLC bought a new position in Occidental Petroleum during the 4th quarter worth about $28,000. Finally, Grove Bank & Trust raised its stake in shares of Occidental Petroleum by 86.0% in the 4th quarter. Grove Bank & Trust now owns 519 shares of the oil and gas producer's stock valued at $31,000 after purchasing an additional 240 shares during the period. Institutional investors own 88.70% of the company's stock.
Occidental Petroleum Trading Up 0.9 % The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $56.95 billion, a P/E ratio of 16.43 and a beta of 1.64. The business has a fifty day moving average price of $65.05 and a 200 day moving average price of $61.36.
Occidental Petroleum (NYSE:OXY - Get Free Report ) last released its quarterly earnings results on Tuesday, May 7th. The oil and gas producer reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.70 billion. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The business's revenue was down 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 EPS. On average, analysts expect that Occidental Petroleum Co. will post 3.81 earnings per share for the current fiscal year.
Occidental Petroleum Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date is Friday, June 7th. Occidental Petroleum's dividend payout ratio is 22.51%.
About Occidental Petroleum (
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Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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