Occidental Petroleum Corporation (NYSE:OXY) had its price target lifted by analysts at Barclays PLC from $45.00 to $47.00 in a research report issued on Monday. The firm currently has an “underweight” rating on the oil and gas producer’s stock. Barclays PLC’s price objective would indicate a potential downside of 30.76% from the company’s current price.

A number of other brokerages have also recently issued reports on OXY. Goldman Sachs Group, Inc. (The) raised shares of Occidental Petroleum Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, November 17th. Mizuho reissued a “hold” rating and set a $64.00 price target on shares of Occidental Petroleum Corporation in a research report on Friday, November 3rd. Jefferies Group LLC lifted their price target on shares of Occidental Petroleum Corporation from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Friday, November 3rd. Morgan Stanley lifted 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 report on Wednesday, October 18th. Finally, Bank of America Corporation lifted their price target on shares of Occidental Petroleum Corporation from $70.00 to $76.00 and gave the company a “buy” rating in a research report on Friday, October 13th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. Occidental Petroleum Corporation has a consensus rating of “Hold” and a consensus target price of $66.53.

Occidental Petroleum Corporation (NYSE OXY) opened at $67.88 on Monday. The company has a market cap of $51,940.00, a price-to-earnings ratio of 195.49, a PEG ratio of 14.57 and a beta of 0.63. Occidental Petroleum Corporation has a twelve month low of $57.20 and a twelve month high of $73.51. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45.

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

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Hedge funds have recently made changes to their positions in the company. Grove Bank & Trust grew its stake in shares of Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after acquiring an additional 622 shares during the period. Oakworth Capital Inc. grew its stake in shares of Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after acquiring an additional 250 shares during the period. Parallel Advisors LLC grew its stake in shares of Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after acquiring an additional 264 shares during the period. FNY Partners Fund LP bought a new stake in shares of Occidental Petroleum Corporation in the first quarter worth approximately $126,000. Finally, Fis Group Inc. bought a new stake in shares of Occidental Petroleum Corporation in the third quarter worth approximately $126,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Occidental Petroleum Corporation Company Profile

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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