Scotiabank reissued their hold rating on shares of Occidental Petroleum Corporation (NYSE:OXY) in a research report released on Wednesday. Scotiabank currently has a $64.00 target price on the oil and gas producer’s stock.

A number of other equities analysts have also weighed in on OXY. Jefferies Group LLC set a $64.00 price objective on shares of Occidental Petroleum Corporation and gave the company a hold rating in a research report on Saturday, July 29th. BidaskClub upgraded shares of Occidental Petroleum Corporation from a strong sell rating to a sell rating in a research report on Monday, July 31st. Barclays PLC set a $38.00 target price on Occidental Petroleum Corporation and gave the company a sell rating in a report on Friday, August 4th. Cowen and Company reissued a buy rating and issued a $75.00 target price on shares of Occidental Petroleum Corporation in a report on Tuesday, August 22nd. Finally, Piper Jaffray Companies set a $55.00 target price on Occidental Petroleum Corporation and gave the company a hold rating in a report on Friday, August 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $66.80.

Occidental Petroleum Corporation (OXY) traded up $0.35 during trading hours on Wednesday, reaching $68.23. 2,696,000 shares of the company were exchanged, compared to its average volume of 4,505,259. Occidental Petroleum Corporation has a 1 year low of $57.20 and a 1 year high of $73.51. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The stock has a market cap of $51,944.85, a price-to-earnings ratio of 193.94, a price-to-earnings-growth ratio of 14.45 and a beta of 0.63.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period last year, the firm posted ($0.15) EPS. Occidental Petroleum Corporation’s quarterly revenue was up 13.3% on a year-over-year basis. equities research analysts anticipate that Occidental Petroleum Corporation will post 0.72 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Friday, December 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 440.00%.

Large investors have recently added to or reduced their stakes in the company. Grove Bank & Trust raised its stake in shares of Occidental Petroleum Corporation by 54.8% during the 2nd quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 622 shares during the last quarter. Oakworth Capital Inc. raised its stake in shares of Occidental Petroleum Corporation by 14.7% during the 2nd quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 250 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Occidental Petroleum Corporation during the 1st quarter worth $126,000. Fis Group Inc. acquired a new position in shares of Occidental Petroleum Corporation during the 3rd quarter worth $126,000. Finally, Enterprise Financial Services Corp raised its stake in shares of Occidental Petroleum Corporation by 68.5% during the 3rd quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock worth $127,000 after buying an additional 806 shares during the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

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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