Investors Sell Occidental Petroleum (OXY) on Strength (OXY)

Traders sold shares of Occidental Petroleum (NYSE:OXY) on strength during trading on Friday. $56.83 million flowed into the stock on the tick-up and $137.15 million flowed out of the stock on the tick-down, for a money net flow of $80.32 million out of the stock. Of all equities tracked, Occidental Petroleum had the 3rd highest net out-flow for the day. Occidental Petroleum traded up $0.31 for the day and closed at $65.49

Several research analysts have weighed in on OXY shares. Mizuho set a $79.00 price objective on Occidental Petroleum and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Credit Suisse Group started coverage on Occidental Petroleum in a research report on Monday, December 11th. They issued a “neutral” rating and a $62.00 price objective on the stock. Cowen set a $85.00 price objective on Occidental Petroleum and gave the stock a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. boosted their price objective on Occidental Petroleum from $74.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised Occidental Petroleum from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective on the stock in a research report on Thursday, January 4th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $72.29.

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The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $50,530.42, a PE ratio of 38.30, a P/E/G ratio of 3.86 and a beta of 0.64.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the company posted ($0.13) EPS. equities analysts forecast that Occidental Petroleum will post 2.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be paid a dividend of $0.77 per share. The ex-dividend date is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.70%. Occidental Petroleum’s payout ratio is 180.12%.

Several large investors have recently added to or reduced their stakes in OXY. Tompkins Financial Corp increased its stake in Occidental Petroleum by 1.9% in the 4th quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock worth $2,664,000 after acquiring an additional 661 shares during the last quarter. Koshinski Asset Management Inc. increased its stake in Occidental Petroleum by 3.8% in the 4th quarter. Koshinski Asset Management Inc. now owns 18,357 shares of the oil and gas producer’s stock worth $1,352,000 after acquiring an additional 679 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Occidental Petroleum by 25.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas producer’s stock worth $261,000 after acquiring an additional 714 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in Occidental Petroleum by 1.6% in the 4th quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock worth $3,327,000 after acquiring an additional 720 shares during the last quarter. Finally, Lenox Wealth Management Inc. increased its stake in Occidental Petroleum by 7.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 12,593 shares of the oil and gas producer’s stock worth $937,000 after acquiring an additional 824 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

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Occidental Petroleum Company Profile

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.

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