Analysts at Oppenheimer started coverage on shares of Occidental Petroleum (NYSE:OXY) in a research report issued to clients and investors on Wednesday, March 27th, The Fly reports. The brokerage set a “market perform” rating on the oil and gas producer’s stock. Oppenheimer also issued estimates for Occidental Petroleum’s Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.88 EPS, FY2019 earnings at $3.06 EPS, Q1 2020 earnings at $0.84 EPS, Q2 2020 earnings at $0.82 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $0.90 EPS and FY2020 earnings at $3.43 EPS.
Other analysts also recently issued research reports about the stock. Cowen started coverage on shares of Occidental Petroleum in a report on Thursday, November 29th. They issued a “market perform” rating and a $80.00 target price on the stock. KeyCorp started coverage on shares of Occidental Petroleum in a report on Thursday, December 20th. They issued an “overweight” rating and a $75.00 target price on the stock. Capital One Financial downgraded shares of Occidental Petroleum from an “overweight” rating to an “equal weight” rating in a report on Thursday, December 20th. Atlantic Securities raised shares of Occidental Petroleum from a “neutral” rating to an “overweight” rating and set a $85.00 target price on the stock in a report on Friday, December 21st. Finally, Zacks Investment Research downgraded shares of Occidental Petroleum from a “hold” rating to a “strong sell” rating in a report on Friday, January 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $83.80.
Shares of NYSE OXY traded down $0.83 during mid-day trading on Wednesday, reaching $61.82. The company had a trading volume of 8,481,040 shares, compared to its average volume of 5,207,690. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.34 and a quick ratio of 1.17. The company has a market capitalization of $46.23 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 1.17 and a beta of 0.83. Occidental Petroleum has a 52-week low of $56.83 and a 52-week high of $87.67.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. We Are One Seven LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at about $25,000. Country Trust Bank raised its position in Occidental Petroleum by 434.6% during the fourth quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 339 shares during the last quarter. Pinnacle Bank acquired a new position in Occidental Petroleum during the fourth quarter worth about $28,000. Heritage Trust Co raised its position in Occidental Petroleum by 496.2% during the fourth quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 387 shares during the last quarter. Finally, Sontag Advisory LLC acquired a new position in Occidental Petroleum during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.
Occidental Petroleum Company Profile
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls.
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