Occidental Petroleum (NYSE:OXY) Given New $47.00 Price Target at Barclays

Andrew Cummings
December 8, 2017

The ex-dividend date is Friday, December 8th. MSCI's gauge of stocks across the globe.MIWD00000PUS gained 0.14 percent and also hit an all-time peak, but was well off its session high. Occidental Petroleum Corporation (NYSE:OXY) has declined 18.97% since December 7, 2016 and is downtrending. It has underperformed by 35.67% the S&P500. Occidental Petroleum Corporation has a 20-Day Simple Moving Average 1.02% . They expect $0.27 earnings per share, up 307.69 % or $0.40 from last year's $-0.13 per share. Old National Bancshares In holds 37,784 shares or 0.12% of its portfolio. After a recent check, it is observed that the insiders for the firm now own 0.10% shares. BB&T Securities LLC lifted its stake in shares of Occidental Petroleum by 71.1% in the 2nd quarter. The stock go down so far this year; displaying a decline of -2.75% and dropped with negative flow of -0.90% during recent week. However, it is a general misunderstanding that a higher share price points towards a larger company where stock price might also misrepresent the definite worth of the organization. It has underperformed by 16.70% the S&P500.

Ratings analysis reveals 25% of Medical Properties Trust's analysts are positive.

Among 21 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 have Buy rating, 2 Sell and 13 Hold. This is lower than the both industry's 5.17 and the wider sector's 5.64. The NYSE-listed company saw a recent bid of $59.72 on volume of 2.76 million shares. UBS maintained the shares of OXY in report on Thursday, August 4 with "Neutral" rating. The company's stock had a trading volume of 7,475,416 shares. The firm has "Equal-Weight" rating given on Monday, June 13 by Morgan Stanley. Jefferies has "Hold" rating and $6400 target. R. F. Lafferty initiated Transocean Ltd. (NYSE:RIG) rating on Thursday, February 9. The stock has "Buy" rating by Mizuho on Thursday, October 6. Giving some intention to the performance of firm, its weekly performance was 2.66% and month's performance was calculated as 7.30%. BMO Capital Markets downgraded Occidental Petroleum Corporation (NYSE:OXY) on Wednesday, January 11 to "Market Perform" rating. The stock has a market capitalization of $53,567.18, a price-to-earnings ratio of 200.00, a P/E/G ratio of 14.20 and a beta of 0.65. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing. It has a 23.73 P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids, and natural gas.

Occidental Petroleum Corporation most recently reported earnings per share (EPS) of $0.18 for the September 2017 versus -$0.15 in the same quarter past year, representing -220% growth.

The shares price has swapped -1.62% toward a lower level throughout previous year and directed 0.65% toward a strong spot during past one month.

Occidental Petroleum (NYSE:OXY) had its target price raised by Barclays from $45.00 to $47.00 in a research note issued to investors on Monday, November 20th.

VANGUARD GROUP INC raised its stake in Occidental Petroleum Corporation (NYSE:OXY) by 2.44% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The oil and gas producer reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.01. Pub Employees Retirement Association Of Colorado holds 0.06% or 146,949 shares. Rmb Capital Mgmt Limited Liability Corporation reported 0.22% stake. Chesley Taft And Assoc Ltd Liability has invested 0.06% in Occidental Petroleum Corporation (NYSE:OXY). 15,886 were accumulated by Naples Global Advsrs Limited Company.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Lombard Odier Asset Mgmt (Europe) Ltd, United Kingdom-based fund reported 10,183 shares.

Relative strength index (RSI-14) for Occidental Petroleum Corporation (OXY) is at 66.38. WELLINGTON MANAGEMENT GROUP LLP owned 5.4% of Cardinal Health, Inc. Axa reported 266,267 shares or 0.07% of all its holdings. Barrow Hanley Mewhinney & Strauss Ltd Liability Co invested 1.49% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Copper Rock Prtnrs Limited Liability has 3,684 shares. Therefore 29% are positive. Occidental Petroleum has a twelve month low of $57.20 and a twelve month high of $73.51. Finally, BlackRock Inc. increased its holdings in shares of Occidental Petroleum by 3,198.5% during the first quarter. Sound Shore Mngmt Inc Ct holds 3.32% in Occidental Petroleum Corporation (NYSE:OXY) or 3.39 million shares. The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Buy" rating given on Friday, October 13 by Bank of America. The company was maintained on Friday, September 1 by BMO Capital Markets. Of the 15 analysts surveyed by Reuters that track DHR 4 of them rate its stock a hold.

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