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Occidental Petroleum Stock Price, Forecast & Analysis (NYSE:OXY)

$38.95
+1.19 (+3.15 %)
(As of 11/17/2019 04:00 PM ET)
Today's Range
$38.51
Now: $38.95
$39.34
50-Day Range
$37.69
MA: $41.69
$45.23
52-Week Range
$37.60
Now: $38.95
$73.64
Volume13.29 million shs
Average Volume10.36 million shs
Market Capitalization$34.79 billion
P/E Ratio7.77
Dividend Yield8.37%
Beta0.85
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. Read More…

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryIntegrated Oil & Gas
SectorOils/Energy
CUSIP67459910
Phone713-215-7000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$4.80 billion
Cash Flow$10.67 per share
Book Value$34.97 per share

Profitability

Net Income$4.13 billion

Miscellaneous

Employees11,000
Market Cap$34.79 billion
Next Earnings Date2/11/2020 (Estimated)
OptionableOptionable

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Occidental Petroleum (NYSE:OXY) Frequently Asked Questions

What is Occidental Petroleum's stock symbol?

Occidental Petroleum trades on the New York Stock Exchange (NYSE) under the ticker symbol "OXY."

How often does Occidental Petroleum pay dividends? What is the dividend yield for Occidental Petroleum?

Occidental Petroleum announced a quarterly dividend on Wednesday, November 6th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.79 per share on Wednesday, January 15th. This represents a $3.16 annualized dividend and a dividend yield of 8.11%. The ex-dividend date of this dividend is Monday, December 9th. View Occidental Petroleum's Dividend History.

How were Occidental Petroleum's earnings last quarter?

Occidental Petroleum Co. (NYSE:OXY) released its quarterly earnings data on Monday, November, 4th. The oil and gas producer reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.41 by $0.30. The oil and gas producer earned $5.87 billion during the quarter, compared to analysts' expectations of $5.59 billion. Occidental Petroleum had a return on equity of 9.98% and a net margin of 6.34%. The company's revenue was down 4.9% compared to the same quarter last year. During the same period last year, the firm posted $1.77 EPS. View Occidental Petroleum's Earnings History.

When is Occidental Petroleum's next earnings date?

Occidental Petroleum is scheduled to release their next quarterly earnings announcement on Tuesday, February 11th 2020. View Earnings Estimates for Occidental Petroleum.

What price target have analysts set for OXY?

20 brokers have issued 12-month price objectives for Occidental Petroleum's shares. Their forecasts range from $36.00 to $80.00. On average, they expect Occidental Petroleum's share price to reach $60.33 in the next year. This suggests a possible upside of 54.9% from the stock's current price. View Analyst Price Targets for Occidental Petroleum.

What is the consensus analysts' recommendation for Occidental Petroleum?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 2 sell ratings, 14 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Occidental Petroleum.

What are Wall Street analysts saying about Occidental Petroleum stock?

Here are some recent quotes from research analysts about Occidental Petroleum stock:
  • 1. According to Zacks Investment Research, "Shares of Occidental have underperformed the industry year to date. Worryingly, rising freight rates due to U.S. sanctions could impact the company’s margins. Occidental, similar to other oil and gas companies, faces the risk of cost overruns and interruptions due to delays in drilling and approvals. The competitive industry and ongoing fluctuation in commodity prices are adversely impacting the company’s operations. However, Occidental is benefiting from increasing oil production from Permian resources. Its acquisition of Anadarko will further expand operations in the Permian Basin. Occidental’s decision to divest lower-margin oil and gas assets will be productive for the company over the long run. Expense management and oil production from high-quality U.S. onshore assets are going to drive its performance." (10/15/2019)
  • 2. Mizuho analysts commented, "We sympathise. Stronger dividend growth ahead? – Cash return growth, ideally via consistent and sustainable dividend growth, is key to our Renaissance thesis, and OXY is best-positioned among US E&P’s to deliver this dividend growth. In its slide deck, OXY highlights a cash return target of greater than $3.1Bn" in 2019. We think the company signals capacity for stronger dividend growth, and certainly want a much stronger effort than the nominal 1c/quarter of the past two years. We will be looking for additional detail on the call. Unconventional EOR – Demonstrating unconventional EOR commercial success in 2019 is a key to delivering on OXY’s 2022 $9.0Bn operating cash flow target. Expect the company to better define the opportunity set for enhanced recovery opportunities in Permian unconventional on the call." (2/13/2019)

Has Occidental Petroleum been receiving favorable news coverage?

Media headlines about OXY stock have trended negative recently, InfoTrie reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Occidental Petroleum earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave press coverage about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Occidental Petroleum.

Are investors shorting Occidental Petroleum?

Occidental Petroleum saw a increase in short interest during the month of October. As of October 15th, there was short interest totalling 13,810,000 shares, an increase of 14.1% from the September 15th total of 12,100,000 shares. Based on an average daily volume of 9,200,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.6% of the company's shares are short sold. View Occidental Petroleum's Current Options Chain.

Who are some of Occidental Petroleum's key competitors?

What other stocks do shareholders of Occidental Petroleum own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Occidental Petroleum investors own include Apache (APA), Exxon Mobil (XOM), AT&T (T), Endologix (ELGX), Chipotle Mexican Grill (CMG), Micron Technology (MU), General Electric (GE), Intel (INTC), Chevron (CVX) and Citigroup (C).

Who are Occidental Petroleum's key executives?

Occidental Petroleum's management team includes the folowing people:
  • Ms. Vicki A. Hollub, Pres, CEO & Director (Age 59)
  • Mr. Cedric W. Burgher CFA, Sr. VP & CFO (Age 58)
  • Ms. Marcia E. Backus, Sr. VP, Gen. Counsel & Chief Compliance Officer (Age 65)
  • Mr. Edward Arthur Lowe, Exec. VP & Group Chairman of Middle East (Age 68)
  • Mr. Glenn M. Vangolen, Sr. VP of Bus. Support (Age 60)

Who are Occidental Petroleum's major shareholders?

Occidental Petroleum's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.47%), Great West Life Assurance Co. Can (0.32%), Russell Investments Group Ltd. (0.29%), California Public Employees Retirement System (0.29%), Smead Capital Management Inc. (0.29%) and Coho Partners Ltd. (0.24%). Company insiders that own Occidental Petroleum stock include Avedick Baruyr Poladian, Bob Shearer, Cedric W Burgher, Eugene L Batchelder, Kenneth Dillon, Marcia E Backus, Margaret M Foran, Oscar K Brown, Vicki A Hollub and William R Klesse. View Institutional Ownership Trends for Occidental Petroleum.

Which major investors are selling Occidental Petroleum stock?

OXY stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Eagle Asset Management Inc., Robeco Institutional Asset Management B.V., Gateway Investment Advisers LLC, Great West Life Assurance Co. Can, Boston Private Wealth LLC, Gradient Investments LLC and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for Occidental Petroleum.

Which major investors are buying Occidental Petroleum stock?

OXY stock was purchased by a variety of institutional investors in the last quarter, including Smead Capital Management Inc., California Public Employees Retirement System, Sumitomo Mitsui Trust Holdings Inc., Rhumbline Advisers, Empire Life Investments Inc., First Trust Advisors LP, Greylin Investment Mangement Inc. and New York State Teachers Retirement System. Company insiders that have bought Occidental Petroleum stock in the last two years include Avedick Baruyr Poladian, Bob Shearer, Cedric W Burgher, Eugene L Batchelder, Kenneth Dillon, Marcia E Backus, Margaret M Foran, Oscar K Brown, Vicki A Hollub and William R Klesse. View Insider Buying and Selling for Occidental Petroleum.

How do I buy shares of Occidental Petroleum?

Shares of OXY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Occidental Petroleum's stock price today?

One share of OXY stock can currently be purchased for approximately $38.95.

How big of a company is Occidental Petroleum?

Occidental Petroleum has a market capitalization of $34.79 billion and generates $4.80 billion in revenue each year. The oil and gas producer earns $4.13 billion in net income (profit) each year or $5.01 on an earnings per share basis. Occidental Petroleum employs 11,000 workers across the globe.View Additional Information About Occidental Petroleum.

What is Occidental Petroleum's official website?

The official website for Occidental Petroleum is http://www.oxy.com/.

How can I contact Occidental Petroleum?

Occidental Petroleum's mailing address is 5 GREENWAY PLAZA SUITE 110, HOUSTON TX, 77046. The oil and gas producer can be reached via phone at 713-215-7000 or via email at [email protected]


MarketBeat Community Rating for Occidental Petroleum (NYSE OXY)

Community Ranking:  2.6 out of 5 (star star)
Outperform Votes:  685 (Vote Outperform)
Underperform Votes:  649 (Vote Underperform)
Total Votes:  1,334
MarketBeat's community ratings are surveys of what our community members think about Occidental Petroleum and other stocks. Vote "Outperform" if you believe OXY will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OXY will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/17/2019 by MarketBeat.com Staff

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