Markets

Watching the Levels: Occidental Petroleum Corporation (NYSE:OXY)

Watching the Levels: Occidental Petroleum Corporation (NYSE:OXY)

Finally, Simmons raised their price target on shares of Occidental Petroleum from $71.00 to $75.00 and gave the company a neutral rating in a report on Wednesday, April 19th. The figure tells us what earnings were generated from invested capital of Occidental Petroleum Corporation. Occidental Petroleum had a negative net margin of 5.52% and a negative return on equity of 3.40%. The company had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.96 billion. During the same period in the prior year, the business posted ($0.47) EPS. Year to date is -26.02%, -34.06% over the last quarter, -39.33% for the past six months and -42.41% over the last 12 months. If you are viewing this report on another site, it was stolen and republished in violation of USA & global copyright & trademark law. "Decreased by Jefferies Group (OXY)" was first reported by Sports Perspectives and is the sole property of of Sports Perspectives.

Investors sentiment decreased to 1.03 in Q4 2016.

Astenbeck Capital Management Llc increased Occidental Pete Corp Del (OXY) stake by 23.47% reported in 2016Q4 SEC filing. Bank of America Corp raised shares of Occidental Petroleum from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 15th. Evercore ISI downgraded Occidental Petroleum to a "buy" rating in a research note on Friday, March 3rd. The firm has "Neutral" rating given on Monday, February 13 by Mizuho.

Ratings analysis reveals 28% of Occidental Petroleum Corporation's analysts are positive. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $73.08 on company stock. On Tuesday, January 12 the stock rating was downgraded by Jefferies to "Hold". The stock of Occidental Petroleum Corporation (NYSE:OXY) earned "Underweight" rating by Barclays Capital on Thursday, July 14. The total market capitalization remained at $20.38 billion. Recently, the stock has been noticed trading -1.92% away from the 20-day moving average.




Several large investors have recently bought and sold shares of OXY. Parallel Advisors LLC increased its position in shares of Occidental Petroleum by 15.6% in the first quarter. Tocqueville Asset Management L.P. now owns 243,630 shares of the oil and gas producer's stock valued at $17,765,000 after buying an additional 144,871 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of Occidental Petroleum by 4.0% in the first quarter. Jefferies Group LLC now has a $70.00 target price on the oil and gas producer's stock. Ftb invested 0.02% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY).

Ferguson Wellman Capital Management Inc, which manages about $3.83 billion and $2.45B US Long portfolio, upped its stake in General Dynamics (NYSE:GD) by 50,385 shares to 141,325 shares, valued at $24.40M in 2016Q4, according to the filing. Apriem Advisors now owns 1,522 shares of the oil and gas producer's stock worth $111,000 after buying an additional 302 shares during the period. Guardian Life Insurance Co. of America increased its stake in Occidental Petroleum by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 13,615,738 shares of the oil and gas producer's stock worth $862,693,000 after buying an additional 360,721 shares during the period. The Fund invests approximately 80% of its total assets in a combination of corporate debt obligations of varying maturities, other corporate income-producing securities, and income-producing securities of non-corporate issuers, such as the United States Government securities, municipal securities, and mortgage-backed and other asset-backed securities issued on a public or private basis. From the start of the calendar year, shares have been -14.35%. Northeast Investment Management sold 10,043 shares as Occidental Pete Corp (OXY)'s stock 0.00%. Cwm Limited Liability invested in 393,106 shares or 1.72% of the stock.

In other Occidental Petroleum news, insider Vicki A. Hollub bought 15,000 shares of the business's stock in a transaction dated Monday, March 13th. The firm exchanged a volume of 12.78 million shares at hands. Following the completion of the transaction, the insider now directly owns 76,018 shares of the company's stock, valued at $4,767,848.96. The disclosure for this purchase can be found here. Insiders sold a total of 48,000 shares of company stock worth $3,030,960 in the last three months. Stockholders of record on Friday, June 9th will be given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 5.04%. Occidental Petroleum Corporation (NYSE:OXY) has risen 6.00% since April 19, 2017 and is uptrending. Occidental Petroleum Corporation has a quick ratio of 1.1 measuring its ability to meet its short term obligations with its most liquid assets.


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