Occidental Petroleum Co. (NYSE:OXY - Get Free Report) shares traded up 1.4% during trading on Monday . The company traded as high as $50.85 and last traded at $50.66. 3,263,231 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 9,350,981 shares. The stock had previously closed at $49.97.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Wolfe Research increased their price target on Occidental Petroleum from $73.00 to $75.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. UBS Group lowered their price target on Occidental Petroleum from $59.00 to $58.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays lowered their price target on Occidental Petroleum from $67.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. BMO Capital Markets lowered their price target on Occidental Petroleum from $70.00 to $65.00 and set a "market perform" rating on the stock in a research report on Friday, October 4th. Finally, The Goldman Sachs Group assumed coverage on Occidental Petroleum in a report on Wednesday, October 2nd. They set a "neutral" rating and a $55.00 target price for the company. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $63.65.
Get Our Latest Research Report on OXY
Occidental Petroleum Stock Performance
The firm has a 50-day moving average price of $51.80 and a 200 day moving average price of $57.38. The firm has a market capitalization of $47.89 billion, a PE ratio of 13.34 and a beta of 1.58. The company has a quick ratio of 0.75, a current ratio of 1.00 and a debt-to-equity ratio of 0.96.
Occidental Petroleum Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum's dividend payout ratio (DPR) is currently 22.92%.
Institutional Trading of Occidental Petroleum
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Earnest Partners LLC increased its position in shares of Occidental Petroleum by 2.6% during the first quarter. Earnest Partners LLC now owns 6,850 shares of the oil and gas producer's stock worth $445,000 after purchasing an additional 173 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Occidental Petroleum by 2.0% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 9,088 shares of the oil and gas producer's stock valued at $573,000 after acquiring an additional 175 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Occidental Petroleum by 0.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 27,519 shares of the oil and gas producer's stock valued at $1,735,000 after purchasing an additional 176 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in Occidental Petroleum by 1.0% in the 2nd quarter. Raymond James Trust N.A. now owns 17,592 shares of the oil and gas producer's stock valued at $1,109,000 after purchasing an additional 182 shares in the last quarter. Finally, Gateway Advisory LLC boosted its holdings in Occidental Petroleum by 3.9% in the 2nd quarter. Gateway Advisory LLC now owns 4,847 shares of the oil and gas producer's stock valued at $306,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.
Occidental Petroleum Company Profile
(
Get Free Report)
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
Further Reading
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