Occidental Petroleum Stock Forecast, Price & News

Occidental Petroleum's stock was trading at $11.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, OXY stock has decreased by 1.3% and is now trading at $11.65.
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21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 5 sell ratings, 10 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Occidental Petroleum is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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Occidental Petroleum Co. (NYSE:OXY) released its quarterly earnings results on Monday, August, 10th. The oil and gas producer reported ($1.76) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($1.68) by $0.08. The oil and gas producer earned $2.98 billion during the quarter, compared to analysts' expectations of $3.85 billion. Occidental Petroleum had a negative net margin of 54.47% and a negative return on equity of 8.97%. The firm's quarterly revenue was down 33.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share.
View Occidental Petroleum's earnings history.

Occidental Petroleum announced a quarterly dividend on Thursday, September 3rd. Investors of record on Tuesday, September 15th will be given a dividend of $0.01 per share on Thursday, October 15th. This represents a $0.04 annualized dividend and a yield of 0.34%. The ex-dividend date is Monday, September 14th.
View Occidental Petroleum's dividend history.

21 brokerages have issued 1 year price objectives for Occidental Petroleum's stock. Their forecasts range from $7.00 to $41.00. On average, they anticipate Occidental Petroleum's share price to reach $18.28 in the next twelve months. This suggests a possible upside of 56.9% from the stock's current price.
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Occidental Petroleum saw a decline in short interest during the month of August. As of August 14th, there was short interest totaling 40,060,000 shares, a decline of 17.6% from the July 30th total of 48,600,000 shares. Based on an average daily trading volume, of 33,750,000 shares, the short-interest ratio is presently 1.2 days.
View Occidental Petroleum's Short Interest.

Some companies that are related to Occidental Petroleum include ENI (E), The Hong Kong and China Gas (HOKCY), EOG Resources (EOG), Ecopetrol (EC), Rwe Ag Sp (RWEOY), Canadian Natural Resources (CNQ), Pioneer Natural Resources (PXD), Encana (ECA), WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO), GALP ENERGIA SG/ADR (GLPEY), Cabot Oil & Gas (COG), TORAY INDUSTRIE/ADR (TRYIY), Continental Resources (CLR) and Diamondback Energy (FANG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Occidental Petroleum investors own include Exxon Mobil (XOM), AT&T (T), Micron Technology (MU), Boeing (BA), Cisco Systems (CSCO), Intel (INTC), Wells Fargo & Company (WFC), Chevron (CVX), Pfizer (PFE) and Walt Disney (DIS).

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

Occidental Petroleum's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.14%), Bank of New York Mellon Corp (0.80%), Charles Schwab Investment Management Inc. (0.70%), Adams Asset Advisors LLC (0.41%), Sumitomo Mitsui Trust Holdings Inc. (0.40%) and Swiss National Bank (0.38%). 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.

OXY stock was sold by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Russell Investments Group Ltd., First Trust Advisors LP, Personal Capital Advisors Corp, New York State Common Retirement Fund, Neuberger Berman Group LLC, Alps Advisors Inc., and Great West Life Assurance Co. Can.
View insider buying and selling activity for Occidental Petroleum.

OXY stock was purchased by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Duality Advisers LP, Bank of Montreal Can, Bank of Nova Scotia, Principal Financial Group Inc., Principal Financial Group Inc., Charles Schwab Investment Management Inc., and Rafferty Asset Management LLC. 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.

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.

One share of OXY stock can currently be purchased for approximately $11.65.

Occidental Petroleum has a market capitalization of $10.84 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.

The official website for Occidental Petroleum is www.oxy.com.

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]