Shares of Occidental Petroleum (NYSE:OXY) have earned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $73.27.

OXY has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Macquarie initiated coverage on Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating for the company. Citigroup upgraded Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 target price for the company in a report on Monday, January 22nd. Cowen set a $85.00 target price on Occidental Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. Finally, Mizuho set a $79.00 target price on Occidental Petroleum and gave the company a “hold” rating in a report on Tuesday, January 16th.

A number of institutional investors and hedge funds have recently bought and sold shares of OXY. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Occidental Petroleum by 21.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 19,262,159 shares of the oil and gas producer’s stock worth $1,418,851,000 after acquiring an additional 3,366,402 shares during the last quarter. Millennium Management LLC grew its stake in shares of Occidental Petroleum by 2,791.8% in the fourth quarter. Millennium Management LLC now owns 1,989,031 shares of the oil and gas producer’s stock worth $146,512,000 after acquiring an additional 1,920,249 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Occidental Petroleum by 275.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,985,993 shares of the oil and gas producer’s stock worth $146,288,000 after acquiring an additional 1,456,337 shares during the last quarter. Tide Point Capital Management LP purchased a new stake in shares of Occidental Petroleum in the fourth quarter worth $82,756,000. Finally, Schroder Investment Management Group grew its stake in shares of Occidental Petroleum by 47.9% in the fourth quarter. Schroder Investment Management Group now owns 2,460,021 shares of the oil and gas producer’s stock worth $181,204,000 after acquiring an additional 797,122 shares during the last quarter. Institutional investors and hedge funds own 82.74% of the company’s stock.

Shares of NYSE:OXY traded down $0.56 during trading on Wednesday, reaching $77.04. 2,901,658 shares of the company traded hands, compared to its average volume of 5,463,185. The firm has a market cap of $59,375.54, a PE ratio of 86.56, a price-to-earnings-growth ratio of 3.86 and a beta of 0.65. Occidental Petroleum has a 52-week low of $57.20 and a 52-week high of $78.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.95 and a current ratio of 1.12.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.41. The firm had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.54 billion. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. research analysts predict that Occidental Petroleum will post 3.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 9th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.00%. Occidental Petroleum’s dividend payout ratio (DPR) is 346.07%.

Occidental Petroleum Company Profile

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.

Analyst Recommendations for Occidental Petroleum (NYSE:OXY)

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