Occidental Petroleum (OXY) to Release Earnings on Tuesday

Occidental Petroleum (NYSE:OXY - Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Occidental Petroleum to post earnings of $0.67 per share and revenue of $7.14 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Occidental Petroleum Stock Up 0.5 %

OXY traded up $0.25 on Friday, reaching $48.13. The company's stock had a trading volume of 10,407,152 shares, compared to its average volume of 9,836,698. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The business's 50 day moving average is $48.99 and its 200 day moving average is $51.79. Occidental Petroleum has a 1 year low of $45.17 and a 1 year high of $71.18. The stock has a market cap of $45.16 billion, a price-to-earnings ratio of 12.53 and a beta of 1.55.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Monday, December 9th. Susquehanna reduced their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating for the company in a research note on Thursday, November 14th. Jefferies Financial Group upped their price target on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. Piper Sandler cut their target price on shares of Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group lowered shares of Occidental Petroleum from a "neutral" rating to a "sell" rating and cut their target price for the company from $54.00 to $45.00 in a research note on Friday, January 31st. Three analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $61.71.

Insiders Place Their Bets

In other news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the acquisition, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 6,854,394 shares of company stock valued at $315,101,532 over the last ninety days. Corporate insiders own 0.31% of the company's stock.

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, 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.