Occidental Petroleum Corporation (NYSE:OXY) was upgraded by stock analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “buy” rating in a report released on Friday.

A number of other research analysts have also weighed in on OXY. Morgan Stanley raised their price target on shares of Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Jefferies Group LLC set a $58.00 price target on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, August 29th. BidaskClub cut shares of Occidental Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $60.00 price target on shares of Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Tuesday, October 10th. Finally, Barclays PLC boosted their price target on shares of Occidental Petroleum Corporation from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Occidental Petroleum Corporation has a consensus rating of “Hold” and an average price target of $66.07.

Shares of Occidental Petroleum Corporation (NYSE OXY) traded up $0.50 on Friday, reaching $67.17. The company’s stock had a trading volume of 3,595,900 shares, compared to its average volume of 4,517,337. The firm has a market cap of $52,240.00, a P/E ratio of 190.49, a P/E/G ratio of 14.20 and a beta of 0.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. Occidental Petroleum Corporation has a 12 month low of $57.20 and a 12 month high of $73.51.

Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.13 billion. Occidental Petroleum Corporation had a return on equity of 1.31% and a net margin of 4.33%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. analysts predict that Occidental Petroleum Corporation will post 0.72 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Glassman Wealth Services grew its holdings in Occidental Petroleum Corporation by 0.3% during the 2nd quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock valued at $148,000 after purchasing an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Occidental Petroleum Corporation by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,948 shares of the oil and gas producer’s stock valued at $187,000 after acquiring an additional 20 shares in the last quarter. Glenview State Bank Trust DEPT. raised its holdings in shares of Occidental Petroleum Corporation by 0.4% in the 2nd quarter. Glenview State Bank Trust DEPT. now owns 5,813 shares of the oil and gas producer’s stock valued at $348,000 after acquiring an additional 24 shares in the last quarter. Good Life Advisors LLC raised its holdings in shares of Occidental Petroleum Corporation by 0.8% in the 2nd quarter. Good Life Advisors LLC now owns 7,401 shares of the oil and gas producer’s stock valued at $436,000 after acquiring an additional 58 shares in the last quarter. Finally, Savant Capital LLC raised its holdings in shares of Occidental Petroleum Corporation by 1.5% in the 2nd quarter. Savant Capital LLC now owns 5,154 shares of the oil and gas producer’s stock valued at $309,000 after acquiring an additional 77 shares in the last quarter. Institutional investors and hedge funds own 80.29% of the company’s stock.

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.

Analyst Recommendations for Occidental Petroleum Corporation (NYSE:OXY)

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