Shares of Occidental Petroleum Co. (NYSE:OXY) have received a consensus recommendation of “Hold” from the twenty-one analysts that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.28.

A number of equities research analysts recently commented on OXY shares. Atlantic Securities lowered shares of Occidental Petroleum from a “neutral” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Thursday, March 26th. Zacks Investment Research raised Occidental Petroleum from a “sell” rating to a “hold” rating and set a $14.00 target price on the stock in a research note on Friday, April 3rd. Bank of America restated a “neutral” rating and set a $18.00 price target (up previously from $15.00) on shares of Occidental Petroleum in a report on Wednesday, May 6th. Tudor Pickering cut Occidental Petroleum from a “hold” rating to a “sell” rating in a report on Monday, May 4th. Finally, SunTrust Banks raised Occidental Petroleum from a “sell” rating to a “hold” rating and boosted their target price for the company from $10.00 to $13.00 in a research note on Wednesday, May 6th.

In other Occidental Petroleum news, SVP Oscar K. Brown bought 5,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were acquired at an average cost of $27.44 per share, for a total transaction of $137,200.00. Following the purchase, the senior vice president now owns 150,710 shares in the company, valued at approximately $4,135,482.40. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Elisse B. Walter bought 3,758 shares of Occidental Petroleum stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of $32.93 per share, with a total value of $123,750.94. Insiders have bought 38,758 shares of company stock valued at $631,351 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.

A number of institutional investors have recently modified their holdings of OXY. Sageworth Trust Co bought a new position in shares of Occidental Petroleum during the 4th quarter valued at $25,000. Capital Bank & Trust Co grew its holdings in shares of Occidental Petroleum by 166.2% in the first quarter. Capital Bank & Trust Co now owns 2,212 shares of the oil and gas producer’s stock worth $26,000 after acquiring an additional 1,381 shares during the period. Tortoise Capital Advisors L.L.C. bought a new stake in shares of Occidental Petroleum in the first quarter worth $27,000. First PREMIER Bank grew its holdings in shares of Occidental Petroleum by 255.5% in the first quarter. First PREMIER Bank now owns 2,435 shares of the oil and gas producer’s stock worth $29,000 after acquiring an additional 1,750 shares during the period. Finally, Royal Fund Management LLC bought a new stake in shares of Occidental Petroleum in the first quarter worth $29,000. Institutional investors own 78.51% of the company’s stock.

Shares of OXY stock traded up $0.06 during trading hours on Thursday, hitting $13.82. 27,688,286 shares of the company’s stock were exchanged, compared to its average volume of 32,710,406. The company has a market capitalization of $12.38 billion, a PE ratio of -3.27 and a beta of 1.99. The company has a current ratio of 1.18, a quick ratio of 1.06 and a debt-to-equity ratio of 1.71. Occidental Petroleum has a 12-month low of $9.00 and a 12-month high of $54.62. The business’s 50 day simple moving average is $13.83 and its 200-day simple moving average is $31.45.

Occidental Petroleum (NYSE:OXY) last released its earnings results on Tuesday, May 5th. The oil and gas producer reported ($0.52) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.63) by $0.11. Occidental Petroleum had a negative net margin of 13.85% and a positive return on equity of 1.24%. The company had revenue of $6.45 billion for the quarter, compared to analyst estimates of $5.60 billion. During the same quarter last year, the firm earned $0.84 EPS. The firm’s quarterly revenue was up 57.8% compared to the same quarter last year. Equities analysts anticipate that Occidental Petroleum will post -4.02 EPS for the current year.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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Analyst Recommendations for Occidental Petroleum (NYSE:OXY)

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