Occidental Petroleum Corp. (NYSE:OXY) – Analysts at Jefferies Group boosted their Q3 2016 EPS estimates for shares of Occidental Petroleum Corp. in a research report issued on Tuesday. Jefferies Group analyst J. Gammel now expects that the brokerage will post earnings of ($0.10) per share for the quarter, up from their prior forecast of ($0.17). Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Occidental Petroleum Corp.’s FY2016 earnings at ($0.82) EPS.

A number of other brokerages also recently issued reports on OXY. Barclays PLC increased their price target on Occidental Petroleum Corp. from $60.00 to $61.00 and gave the stock an “underweight” rating in a research report on Thursday, July 14th. Credit Suisse Group AG reissued a “hold” rating and set a $72.00 price target on shares of Occidental Petroleum Corp. in a research report on Monday, September 12th. JPMorgan Chase & Co. downgraded Occidental Petroleum Corp. from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $76.11 to $78.00 in a research report on Monday, September 12th. They noted that the move was a valuation call. Raymond James Financial Inc. downgraded Occidental Petroleum Corp. from a “strong-buy” rating to an “outperform” rating and set a $85.00 price target on the stock. in a research report on Thursday, July 7th. Finally, Credit Agricole SA reissued a “buy” rating on shares of Occidental Petroleum Corp. in a research report on Tuesday, August 16th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Occidental Petroleum Corp. has an average rating of “Hold” and an average price target of $76.06.

Earnings History and Estimates for Occidental Petroleum Corp. (NYSE:OXY)

Occidental Petroleum Corp. (NYSE:OXY) traded down 1.20% during midday trading on Friday, reaching $73.01. The company had a trading volume of 1,682,479 shares. The stock has a 50-day moving average price of $73.87 and a 200 day moving average price of $74.53. The company’s market capitalization is $55.77 billion. Occidental Petroleum Corp. has a 12-month low of $58.24 and a 12-month high of $78.48.

Occidental Petroleum Corp. (NYSE:OXY) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.18) EPS for the quarter, meeting analysts’ consensus estimates of ($0.18). The business earned $2.53 billion during the quarter, compared to the consensus estimate of $2.73 billion. Occidental Petroleum Corp. had a negative return on equity of 2.64% and a negative net margin of 71.82%. The firm’s revenue was down 27.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Wednesday, December 7th. Occidental Petroleum Corp.’s dividend payout ratio (DPR) is presently -29.57%.

In related news, Director Stephen I. Chazen sold 9,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $74.21, for a total value of $667,890.00. Following the completion of the sale, the director now directly owns 1,729,119 shares of the company’s stock, valued at approximately $128,317,920.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen I. Chazen sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $73.95, for a total value of $369,750.00. Following the completion of the sale, the director now directly owns 1,745,119 shares of the company’s stock, valued at $129,051,550.05. The disclosure for this sale can be found here. 0.35% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. Kistler Tiffany Companies LLC raised its stake in shares of Occidental Petroleum Corp. by 1.4% in the second quarter. Kistler Tiffany Companies LLC now owns 1,346 shares of the company’s stock worth $102,000 after buying an additional 19 shares during the last quarter. First New York Securities LLC NY purchased a new stake in shares of Occidental Petroleum Corp. during the second quarter worth approximately $110,000. LSV Asset Management purchased a new stake in shares of Occidental Petroleum Corp. during the second quarter worth approximately $111,000. Oakworth Capital Inc. raised its stake in shares of Occidental Petroleum Corp. by 7.0% in the second quarter. Oakworth Capital Inc. now owns 1,521 shares of the company’s stock worth $115,000 after buying an additional 100 shares during the last quarter. Finally, SevenBridge Financial Group LLC purchased a new stake in shares of Occidental Petroleum Corp. during the second quarter worth approximately $121,000. 80.80% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Corp. Company Profile

Occidental Petroleum Corporation is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

5 Day Chart for NYSE:OXY

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