Somewhat Positive News Coverage Somewhat Unlikely to Affect Occidental Petroleum Corporation (OXY) Stock Price
Press coverage about Occidental Petroleum Corporation (NYSE:OXY) has trended somewhat positive on Saturday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Occidental Petroleum Corporation earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 46.6206035023275 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- The Long-Lost Integrated Company, Occidental Petroleum (seekingalpha.com)
- Wagner Bowman Management Corp Cuts Stake in Occidental Petroleum Corporation (OXY) (techkenyot.com)
- Occidental Petroleum Forecasts Permian Production to Rise ~30% (finance.yahoo.com)
- Occidental Petroleum Corporation (OXY) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Is Occidental Petroleum Corporation (OXY) Dependable Investment For Shareholders? (topactu.net)
Several analysts have recently issued reports on the company. Barclays PLC set a $38.00 price objective on Occidental Petroleum Corporation and gave the stock a “sell” rating in a report on Friday, August 4th. BMO Capital Markets reaffirmed a “hold” rating and set a $65.00 price objective on shares of Occidental Petroleum Corporation in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $64.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 23rd. Scotiabank reaffirmed a “hold” rating and set a $60.00 price objective on shares of Occidental Petroleum Corporation in a report on Friday, June 30th. Finally, Mitsubishi UFJ Financial Group assumed coverage on Occidental Petroleum Corporation in a report on Monday, May 29th. They set a “hold” rating and a $69.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $66.38.
Occidental Petroleum Corporation (OXY) traded up 0.39% during mid-day trading on Friday, reaching $59.15. The company had a trading volume of 4,042,915 shares. Occidental Petroleum Corporation has a 52 week low of $57.20 and a 52 week high of $78.48. The stock has a 50 day moving average of $60.53 and a 200 day moving average of $62.29. The stock has a market capitalization of $45.22 billion, a price-to-earnings ratio of 416.55 and a beta of 0.65.
Occidental Petroleum Corporation (NYSE:OXY) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the previous year, the business earned ($0.18) earnings per share. The company’s revenue for the quarter was up 40.9% on a year-over-year basis. Analysts anticipate that Occidental Petroleum Corporation will post $0.66 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be given a $0.77 dividend. The ex-dividend date is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a yield of 5.21%. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s payout ratio is currently 2,338.46%.
In other Occidental Petroleum Corporation news, Director William R. Klesse bought 10,000 shares of Occidental Petroleum Corporation stock in a transaction on Wednesday, August 9th. The shares were bought at an average price of $61.58 per share, for a total transaction of $615,800.00. Following the completion of the transaction, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Cedric W. Burgher bought 1,700 shares of Occidental Petroleum Corporation stock in a transaction on Wednesday, June 7th. The stock was acquired at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the transaction, the chief financial officer now directly owns 44,124 shares of the company’s stock, valued at $2,640,821.40. The disclosure for this purchase can be found here. 0.32% of the stock is owned by insiders.
About Occidental Petroleum Corporation
Occidental Petroleum Corporation (Occidental) 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.
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