NYSE:OXYOccidental Petroleum Stock Price, Forecast & News

$12.95

-0.69 (-5.06 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$12.72

Now: $12.95▼

$13.54

50-Day Range

$12.20

MA: $14.39▼

$16.78

52-Week Range

$9.00

Now: $12.95▼

$54.05

Volume61.29 million shs

Average Volume33.85 million shs

Market Capitalization$11.66 billion

P/E RatioN/A

Dividend Yield24.40%

Beta1.9

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. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

Beat the Market (BTM) Rank^™

3.9 Analyst's Opinion

Consensus Rating
Occidental Petroleum has received a consensus rating of Hold. The company's average rating score is 1.85, and is based on 2 buy ratings, 10 hold ratings, and 7 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.25, Occidental Petroleum has a potential upside of 87.3% from its current price of $12.95.
Amount of Analyst Coverage
Occidental Petroleum has been the subject of 16 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Occidental Petroleum has received 744 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Occidental Petroleum has received 704 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Occidental Petroleum has received 51.38% “outperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Occidental Petroleum is a leading dividend payer. It pays a dividend yield of 24.40%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Occidental Petroleum has been increasing its dividend for 17 years.
Dividend Coverage
The dividend payout ratio of Occidental Petroleum is 217.93 %. Payout ratios above 75% are not desirable because they may not be sustainable.

3.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Occidental Petroleum insiders have bought 41.72% more of their company's stock than they have sold. Specifically, they have bought $631,351.00 in company stock and sold $445,500.00 in company stock.
Percentage Held by Insiders
Only 0.21% of the stock of Occidental Petroleum is held by insiders.
Percentage Held by Institutions
76.17% of the stock of Occidental Petroleum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Occidental Petroleum are expected to grow in the coming year, from ($4.09) to ($2.50) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Occidental Petroleum is -3.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Occidental Petroleum is -3.06, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Occidental Petroleum has a P/B Ratio of 0.47. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.82 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryIntegrated Oil & Gas

SectorOils/Energy

Current SymbolNYSE:OXY

Previous Symbol

CUSIP67459910

CIK797468

Webwww.oxy.com

Phone713-215-7000

Debt

Debt-to-Equity Ratio1.71

Current Ratio1.18

Quick Ratio1.06

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$21.23 billion

Price / Sales0.55

Cash Flow$8.04 per share

Price / Cash Flow1.61

Book Value$27.39 per share

Price / Book0.47

Profitability

EPS (Most Recent Fiscal Year)$1.45

Net Income$-667,000,000.00

Net Margins-13.85%

Return on Equity1.24%

Return on Assets0.32%

Miscellaneous

Employees14,400

Outstanding Shares900,020,000

Market Cap$11.66 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Occidental Petroleum (NYSE:OXY) Frequently Asked Questions

How has Occidental Petroleum's stock been impacted by COVID-19 (Coronavirus)?

Occidental Petroleum's stock was trading at $11.80 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, OXY shares have increased by 9.7% and is now trading at $12.95. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Occidental Petroleum?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 7 sell ratings, 10 hold ratings, 2 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Occidental Petroleum.

When is Occidental Petroleum's next earnings date?

Occidental Petroleum is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Occidental Petroleum.

How were Occidental Petroleum's earnings last quarter?

Occidental Petroleum Co. (NYSE:OXY) released its quarterly earnings data on Tuesday, May, 5th. The oil and gas producer reported ($0.52) EPS for the quarter, beating the consensus estimate of ($0.63) by $0.11. The oil and gas producer earned $6.45 billion during the quarter, compared to analysts' expectations of $5.60 billion. Occidental Petroleum had a positive return on equity of 1.24% and a negative net margin of 13.85%. Occidental Petroleum's revenue was up 57.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.84 EPS. View Occidental Petroleum's earnings history.

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

Occidental Petroleum announced a quarterly dividend on Friday, February 14th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.79 per share on Wednesday, April 15th. This represents a $3.16 dividend on an annualized basis and a yield of 24.40%. The ex-dividend date of this dividend is Monday, March 9th. View Occidental Petroleum's dividend history.

What price target have analysts set for OXY?

20 brokers have issued 12 month price targets for Occidental Petroleum's shares. Their forecasts range from $7.00 to $61.00. On average, they expect Occidental Petroleum's stock price to reach $24.25 in the next year. This suggests a possible upside of 87.3% from the stock's current price. View analysts' price targets for Occidental Petroleum.

Has Occidental Petroleum been receiving favorable news coverage?

Headlines about OXY stock have been trending negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Occidental Petroleum earned a daily sentiment score of -2.5 on InfoTrie's scale. They also gave news stories 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 stock's share price in the near future. View the latest news aboutOccidental Petroleum.

Who are some of Occidental Petroleum's key competitors?

Some companies that are related to Occidental Petroleum include ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), Canadian Natural Resources (CNQ), Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO), Encana (ECA), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Diamondback Energy (FANG) and Cenovus Energy (CVE). View all 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 Exxon Mobil (XOM), AT&T (T), Apache (APA), Micron Technology (MU), Walt Disney (DIS), Cisco Systems (CSCO), General Electric (GE), Wells Fargo & Co (WFC), Chevron (CVX) and Boeing (BA).

Who are Occidental Petroleum's key executives?

Occidental Petroleum's management team includes the following 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)

What is Occidental Petroleum's stock symbol?

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

Who are Occidental Petroleum's major shareholders?

Occidental Petroleum's stock is owned by a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.56%), State Street Corp (5.60%), Capital World Investors (1.50%), Geode Capital Management LLC (1.42%), Bank of New York Mellon Corp (0.84%) and Legal & General Group Plc (0.67%). Company insiders that own Occidental Petroleum stock include Avedick Baruyr Poladian, Bob Shearer, Cedric W Burgher, Elisse B Walter, Eugene L Batchelder, Jack B Moore, 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 institutional investors are selling Occidental Petroleum stock?

OXY stock was sold by a variety of institutional investors in the last quarter, including Franklin Resources Inc., American International Group Inc., Wellington Management Group LLP, Healthcare of Ontario Pension Plan Trust Fund, Mackenzie Financial Corp, Adams Asset Advisors LLC, Levin Easterly Partners LLC, and Janus Henderson Group PLC. View insider buying and selling activity for Occidental Petroleum.

Which institutional investors are buying Occidental Petroleum stock?

OXY stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Prudential PLC, JPMorgan Chase & Co., First Trust Advisors LP, Parametric Portfolio Associates LLC, Clearbridge Investments LLC, Connor Clark & Lunn Investment Management Ltd., and Artemis Investment Management LLP. Company insiders that have bought Occidental Petroleum stock in the last two years include Avedick Baruyr Poladian, Bob Shearer, Cedric W Burgher, Elisse B Walter, Eugene L Batchelder, Jack B Moore, Kenneth Dillon, Marcia E Backus, Margaret M Foran, Oscar K Brown, Vicki A Hollub, and William R Klesse. View insider buying and selling activity 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 $12.95.

How big of a company is Occidental Petroleum?

Occidental Petroleum has a market capitalization of $11.66 billion and generates $21.23 billion in revenue each year. The oil and gas producer earns $-667,000,000.00 in net income (profit) each year or $1.45 on an earnings per share basis. Occidental Petroleum employs 14,400 workers across the globe.

What is Occidental Petroleum's official website?

The official website for Occidental Petroleum is 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]

This page was last updated on 6/1/2020 by MarketBeat.com Staff