Somewhat Positive News Coverage Somewhat Unlikely to Affect Occidental Petroleum Corporation (OXY) Stock Price
Press coverage about Occidental Petroleum Corporation (NYSE:OXY) has been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Occidental Petroleum Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.6094863973644 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Occidental Petroleum Corporation (OXY) shares are clocking price at $60.13 with change of -2.80% – Street Observer (press release) (streetobserver.com)
- Occidental Petroleum Corporation (OXY) Ex-Dividend Date Scheduled for September 08, 2017 – Nasdaq (nasdaq.com)
- Investment in Occidental Petroleum Corporation (OXY) stock is good or Bad for Investors? – Street Observer (press release) (streetobserver.com)
- CMF Value Holding Above Zero For Occidental Petroleum Corp (OXY) – Berry Recorder (berryrecorder.com)
- Occidental Petroleum Corporation (OXY) noted a price change of 1.62% and United Bankshares, Inc. (UBSI) closes … – Stocks Gallery (stocksgallery.com)
OXY has been the subject of a number of analyst reports. Barclays PLC set a $38.00 price objective on shares of Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Occidental Petroleum Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Scotiabank restated a “hold” rating and set a $68.00 price objective on shares of Occidental Petroleum Corporation in a research note on Monday, May 15th. Citigroup Inc. lowered shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $66.00 to $58.00 in a research note on Friday, July 21st. Finally, BidaskClub lowered shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $65.14.
Occidental Petroleum Corporation (NYSE:OXY) traded down 1.39% during trading on Friday, hitting $60.24. 3,502,021 shares of the company were exchanged. Occidental Petroleum Corporation has a 1-year low of $57.20 and a 1-year high of $76.15. The stock has a market capitalization of $46.06 billion, a PE ratio of 424.23 and a beta of 0.66. The firm’s 50 day moving average price is $60.56 and its 200-day moving average price is $61.52.
Occidental Petroleum Corporation (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. 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 prior year, the company earned ($0.18) EPS. Occidental Petroleum Corporation’s quarterly revenue was up 40.9% on a year-over-year basis. Equities analysts predict that Occidental Petroleum Corporation will post $0.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, September 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a yield of 5.11%. The ex-dividend date is Friday, September 8th. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is 2,338.46%.
In other Occidental Petroleum Corporation news, Director William R. Klesse purchased 10,000 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now owns 70,692 shares in the company, valued at $4,353,213.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by corporate insiders.
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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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