2 weeks Ago By Defense World Staff
Occidental Petroleum ( NYSE:OXY – Get Free Report ) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday. Other equities analysts have also recently issued research reports about the company.
Scotiabank decreased their price target on Occidental Petroleum from $90.00 to $80.00 and set a “sector outperform” rating for the company in a report on Friday, July 12th.
UBS Group dropped their target price on Occidental Petroleum from $70.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 18th.
Wolfe Research assumed coverage on Occidental Petroleum in a research note on Thursday, July 18th. They issued an “outperform” rating and a $81.00 price target on the stock.
Wells Fargo & Company dropped their price objective on Occidental Petroleum from $65.00 to $56.00 and set an “equal weight” rating on the stock in a report on Friday.
Finally, Mizuho reduced their target price on Occidental Petroleum from $76.00 to $72.00 and set a “neutral” rating for the company in a research note on Monday, September 16th.
Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Occidental Petroleum currently has a consensus rating of “Hold” and an average price target of $71.00.
Get Our Latest Analysis on OXY Occidental Petroleum Trading Up 2.2 % Occidental Petroleum ( NYSE:OXY – Get Free Report ) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $1.
03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.26.
Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%.
The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.93 billion.
During the same period in the previous year, the company posted $0.68 earnings per share. Occidental Petroleum’s revenue was up 2.
2% compared to the same quarter last year. Equities research analysts forecast that Occidental Petroleum will post 3.57 EPS for the current fiscal year.
Insider Buying and Selling In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of Occidental Petroleum stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $35.75, for a total value of $697,125,000.
00. Following the completion of the transaction, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50.
The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . 0.31% of the stock is owned by company insiders.
Hedge Funds Weigh In On Occidental Petroleum Several hedge funds and other institutional investors have recently modified their holdings of the company. Berkshire Hathaway Inc lifted its position in Occidental Petroleum by 8.7% in the 4th quarter.
Berkshire Hathaway Inc now owns 243,715,804 shares of the oil and gas producer’s stock valued at $14,552,271,000 after purchasing an additional 19,586,612 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Occidental Petroleum by 16.
8% during the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer’s stock valued at $233,687,000 after buying an additional 532,318 shares during the last quarter.
Epoch Investment Partners Inc. boosted its position in shares of Occidental Petroleum by 20.1% during the second quarter.
Epoch Investment Partners Inc. now owns 1,661,231 shares of the oil and gas producer’s stock worth $104,707,000 after buying an additional 277,462 shares during the period. Himalaya Capital Management LLC bought a new position in Occidental Petroleum in the 2nd quarter worth approximately $92,433,000.
Finally, Cooke & Bieler LP increased its position in Occidental Petroleum by 53.1% in the 2nd quarter. Cooke & Bieler LP now owns 1,450,064 shares of the oil and gas producer’s stock valued at $91,398,000 after acquiring an additional 503,173 shares during the period.
Institutional investors and hedge funds own 88.70% of the company’s stock. Occidental Petroleum Company Profile ( Get Free Report ) Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa.
It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Read More Five stocks we like better than Occidental Petroleum How to Know if a Stock Pays Dividends and When They Are Paid Out Can Costco Stock Hit New Highs as Interest Rates Drop? Uptrend Stocks Explained: Learn How to Trade Using Uptrends These 3 Stocks Show How to Navigate Declining Consumer Confidence Which Wall Street Analysts are the Most Accurate? MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.
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