News headlines about Occidental Petroleum Corporation (NYSE:OXY) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Occidental Petroleum Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 47.182685400057 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Dividend Stock to Note: Occidental Petroleum Corporation (OXY)’s Yield stick at 4.77% – Voice Of Analysts (analystsbuzz.com)
- Early Moves to Watch: Occidental Petroleum Corporation (NYSE: OXY) – Alpha Beta Stock (alphabetastock.com)
- Occidental Petroleum Announces 3 – Business Wire (press release) (businesswire.com)
- Occidental Petroleum Announces 3rd Quarter 2017 Results (finance.yahoo.com)
- Occidental beats 3Q profit forecasts (finance.yahoo.com)
OXY has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. BMO Capital Markets lowered their target price on shares of Occidental Petroleum Corporation from $60.00 to $55.00 and set a “market perform” rating on the stock in a research note on Friday, July 14th. Wolfe Research raised shares of Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Cowen and Company set a $75.00 target price on shares of Occidental Petroleum Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Citigroup Inc downgraded shares of Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and lowered their target price for the company from $66.00 to $58.00 in a research note on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.07.
Occidental Petroleum Corporation (NYSE OXY) opened at $68.26 on Friday. The firm has a market capitalization of $51.96 billion, a PE ratio of 194.00, a P/E/G ratio of 14.39 and a beta of 0.63. The company has a current ratio of 1.11, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.
Occidental Petroleum Corporation (NYSE:OXY) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.07. Occidental Petroleum Corporation had a net margin of 4.33% and a return on equity of 1.31%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the firm earned ($0.15) earnings per share. Occidental Petroleum Corporation’s revenue was up 13.3% compared to the same quarter last year. equities analysts forecast that Occidental Petroleum Corporation will post 0.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, December 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.51%. Occidental Petroleum Corporation’s dividend payout ratio (DPR) is currently 440.00%.
In related news, Director William R. Klesse purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were acquired at an average cost of $61.58 per share, with a total value of $615,800.00. Following the completion of the purchase, the director now directly owns 70,692 shares of the company’s stock, valued at $4,353,213.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.
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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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