Occidental Petroleum Corporation (NYSE:OXY) Given Daily Media Impact Score of 0.15

News articles about Occidental Petroleum Corporation (NYSE:OXY) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Occidental Petroleum Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the oil and gas producer an impact score of 46.142130924966 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 61.13 on Friday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The firm has a 50-day moving average price of $60.52 and a 200 day moving average price of $62.59. The firm has a market cap of $46.74 billion, a P/E ratio of 430.49 and a beta of 0.65.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.03. Occidental Petroleum Corporation had a return on equity of 0.13% and a net margin of 0.91%. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. During the same period last year, the firm earned ($0.18) EPS. The firm’s revenue for the quarter was up 40.9% on a year-over-year basis. On average, analysts forecast that Occidental Petroleum Corporation will post $0.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, September 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 5.04%. This is a boost from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. The ex-dividend date is Friday, September 8th. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is presently 2,338.46%.

Several brokerages have recently commented on OXY. Barclays PLC set a $38.00 price target on Occidental Petroleum Corporation and gave the company a “sell” rating in a research note on Friday, August 4th. Jefferies Group LLC set a $64.00 price target on Occidental Petroleum Corporation and gave the company a “hold” rating in a research note on Saturday, July 29th. Scotiabank restated a “hold” rating and set a $60.00 price target on shares of Occidental Petroleum Corporation in a research note on Friday, June 30th. BMO Capital Markets reiterated a “hold” rating and issued a $65.00 target price on shares of Occidental Petroleum Corporation in a research note on Thursday, June 22nd. Finally, Mitsubishi UFJ Financial Group initiated coverage on Occidental Petroleum Corporation in a research note on Monday, May 29th. They issued a “hold” rating and a $69.00 target price on the stock. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $66.38.

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In related news, Director William R. Klesse acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was bought at an average cost of $61.58 per share, with a total value of $615,800.00. Following the transaction, the director now owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cedric W. Burgher purchased 1,700 shares of Occidental Petroleum Corporation stock in a transaction dated Wednesday, June 7th. The stock was acquired at an average cost of $59.85 per share, with a total value of $101,745.00. Following the completion of the acquisition, the chief financial officer now directly owns 44,124 shares in the company, valued at $2,640,821.40. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by company insiders.

About Occidental Petroleum Corporation

Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.

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