NYSE:OXY - Occidental Petroleum Stock Price, News & Analysis

$45.58
+1.01 (+2.27 %)
(As of 08/19/2019 04:00 PM ET)
Today's Range
$44.75
Now: $45.58
$45.96
50-Day Range
$43.2350
MA: $49.37
$52.81
52-Week Range
$43.08
Now: $45.58
$83.35
Volume9.85 million shs
Average Volume8.23 million shs
Market Capitalization$34.11 billion
P/E Ratio9.10
Dividend Yield7.00%
Beta0.82
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$10.7247 per share
Book Value$28.52 per share

Profitability

Net Income$4.13 billion

Miscellaneous

Employees11,000
Market Cap$34.11 billion
Next Earnings Date11/4/2019 (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, July 10th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.79 per share on Tuesday, October 15th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Monday, September 9th. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.78. View Occidental Petroleum's Dividend History.

How were Occidental Petroleum's earnings last quarter?

Occidental Petroleum Co. (NYSE:OXY) announced its quarterly earnings data on Wednesday, July, 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.06. The oil and gas producer earned $4.48 billion during the quarter, compared to analyst estimates of $4.39 billion. Occidental Petroleum had a return on equity of 17.06% and a net margin of 19.65%. The firm's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.10 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 Monday, November 4th 2019. View Earnings Estimates for Occidental Petroleum.

What price target have analysts set for OXY?

19 brokerages have issued twelve-month target prices for Occidental Petroleum's stock. Their forecasts range from $48.00 to $92.00. On average, they anticipate Occidental Petroleum's stock price to reach $67.3594 in the next twelve months. This suggests a possible upside of 47.8% from the stock's current price. View Analyst Price Targets for Occidental Petroleum.

What is the consensus analysts' recommendation for Occidental Petroleum?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last year. There are currently 1 sell rating, 14 hold ratings and 4 buy ratings 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, "Occidental Petroleum benefits from increasing oil production in the Permian Resources and its focus on high-margin production region. The ongoing capital investment will further strengthen the existing operation of the company. Contribution from the Chemical and Midstream segment are going to drive its performance. Its decision to divest the lower margin oil and gas assets will be productive for the company over the long run. However, Occidental, similar to other oil and natural gas companies, faces the risk of cost overruns and development interruptions due to delays in drilling and other approvals. Its earnings are subject to the demand for commodities. The highly competitive industry and ongoing fluctuation in commodity prices are adversely impacting operations of the company. In last six months, Occidental Petroleum's shares have underperformed its industry." (4/18/2019)
  • 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?

Headlines about OXY stock have trended negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Occidental Petroleum earned a media sentiment score of -2.3 on InfoTrie's scale. They also assigned news articles about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Occidental Petroleum.

Are investors shorting Occidental Petroleum?

Occidental Petroleum saw a increase in short interest during the month of July. As of July 31st, there was short interest totalling 51,200,900 shares, an increase of 9.1% from the June 30th total of 46,912,500 shares. Based on an average daily trading volume, of 10,420,000 shares, the short-interest ratio is currently 4.9 days. Currently, 6.8% of the shares of the company are sold short. 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), Endologix (ELGX), Exxon Mobil (XOM), AT&T (T), Chipotle Mexican Grill (CMG), Micron Technology (MU), General Electric (GE), Citigroup (C), Chevron (CVX) and Intel (INTC).

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 a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.39%), BlackRock Inc. (6.60%), Price T Rowe Associates Inc. MD (4.46%), Northern Trust Corp (1.30%), Invesco Ltd. (1.28%) and Bank of New York Mellon Corp (1.08%). 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 institutional investors are selling Occidental Petroleum stock?

OXY stock was sold by a variety of institutional investors in the last quarter, including Invesco Ltd., Schroder Investment Management Group, Barrow Hanley Mewhinney & Strauss LLC, Barrow Hanley Mewhinney & Strauss LLC, Bank of New York Mellon Corp, USS Investment Management Ltd, UBS Asset Management Americas Inc. and Parametric Portfolio Associates LLC. View Insider Buying and Selling for Occidental Petroleum.

Which institutional investors are buying Occidental Petroleum stock?

OXY stock was bought by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, Charles Schwab Investment Advisory Inc., APG Asset Management N.V., Balyasny Asset Management LLC, Smead Capital Management Inc., Connor Clark & Lunn Investment Management Ltd. and AMF Pensionsforsakring AB. 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, Scottrade, Fidelity and Charles Schwab.

What is Occidental Petroleum's stock price today?

One share of OXY stock can currently be purchased for approximately $45.58.

How big of a company is Occidental Petroleum?

Occidental Petroleum has a market capitalization of $34.11 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:  667 (Vote Outperform)
Underperform Votes:  630 (Vote Underperform)
Total Votes:  1,297
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 8/19/2019 by MarketBeat.com Staff

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