Susquehanna Has Lowered Expectations for Occidental Petroleum (NYSE:OXY) Stock Price

Occidental Petroleum (NYSE:OXY - Get Free Report) had its price objective decreased by Susquehanna from $59.00 to $55.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "positive" rating on the oil and gas producer's stock. Susquehanna's price objective would suggest a potential upside of 36.21% from the stock's current price.

OXY has been the subject of several other reports. JPMorgan Chase & Co. dropped their target price on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Citigroup cut their target price on Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Morgan Stanley set a $58.00 price target on shares of Occidental Petroleum and gave the company an "overweight" rating in a research report on Wednesday, March 26th. Hsbc Global Res raised Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Finally, StockNews.com lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Occidental Petroleum has a consensus rating of "Hold" and a consensus price target of $54.19.

Occidental Petroleum Trading Up 0.0 %

Shares of OXY stock traded up $0.01 on Tuesday, hitting $40.38. 6,406,140 shares of the stock traded hands, compared to its average volume of 10,868,601. Occidental Petroleum has a twelve month low of $34.79 and a twelve month high of $68.43. The stock has a market capitalization of $37.95 billion, a PE ratio of 16.55 and a beta of 1.02. The firm's 50-day moving average price is $44.74 and its two-hundred day moving average price is $48.11. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The company had revenue of $6.84 billion for the quarter, compared to the consensus estimate of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. As a group, analysts anticipate that Occidental Petroleum will post 3.58 EPS for the current year.

Insider Activity at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the transaction, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds and other institutional investors have recently made changes to their positions in the business. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in Occidental Petroleum in the 4th quarter valued at about $27,000. VSM Wealth Advisory LLC purchased a new position in Occidental Petroleum in the fourth quarter valued at about $27,000. Bernard Wealth Management Corp. acquired a new stake in shares of Occidental Petroleum during the fourth quarter worth approximately $32,000. Finally, Grove Bank & Trust grew its holdings in Occidental Petroleum by 129.2% during the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after acquiring an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 88.70% of the company's stock.

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, 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.