Shares of Occidental Petroleum Co. (NYSE:OXY) have earned an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $70.07.

Several research analysts have recently weighed in on the company. Morgan Stanley boosted their price target on Occidental Petroleum from $66.00 to $84.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Macquarie assumed coverage on Occidental Petroleum in a research note on Wednesday, January 17th. They issued a “neutral” rating for the company. Citigroup upgraded Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price target for the company in a research note on Monday, January 22nd. Cowen set a $85.00 price target on Occidental Petroleum and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Mizuho set a $79.00 price target on Occidental Petroleum and gave the stock a “hold” rating in a research note on Tuesday, January 16th.

A number of institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department increased its position in Occidental Petroleum by 27.9% during the fourth quarter. State of Tennessee Treasury Department now owns 333,706 shares of the oil and gas producer’s stock valued at $24,581,000 after acquiring an additional 72,893 shares during the last quarter. Alexandria Capital LLC grew its holdings in Occidental Petroleum by 70,000.0% during the fourth quarter. Alexandria Capital LLC now owns 28,741 shares of the oil and gas producer’s stock valued at $2,117,000 after purchasing an additional 28,700 shares during the period. Timber Hill LLC bought a new stake in Occidental Petroleum during the fourth quarter valued at about $5,773,000. Norinchukin Bank The grew its holdings in Occidental Petroleum by 4.5% during the fourth quarter. Norinchukin Bank The now owns 99,979 shares of the oil and gas producer’s stock valued at $7,364,000 after purchasing an additional 4,262 shares during the period. Finally, FDx Advisors Inc. grew its holdings in Occidental Petroleum by 1.7% during the fourth quarter. FDx Advisors Inc. now owns 104,846 shares of the oil and gas producer’s stock valued at $7,723,000 after purchasing an additional 1,788 shares during the period. Institutional investors own 79.98% of the company’s stock.

Occidental Petroleum (OXY) traded up $2.04 during mid-day trading on Friday, hitting $70.22. The stock had a trading volume of 2,004,349 shares, compared to its average volume of 3,969,505. Occidental Petroleum has a 52-week low of $57.20 and a 52-week high of $78.09. The company has a quick ratio of 0.95, a current ratio of 1.11 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $52,174.43, a PE ratio of 100.21, a P/E/G ratio of 4.37 and a beta of 0.53.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 9th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 440.00%.

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Occidental Petroleum 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 (NYSE:OXY)

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