Traders Sell Shares of Occidental Petroleum (OXY) on Strength (OXY)

Traders sold shares of Occidental Petroleum Corporation (NYSE:OXY) on strength during trading on Thursday. $19.31 million flowed into the stock on the tick-up and $36.38 million flowed out of the stock on the tick-down, for a money net flow of $17.07 million out of the stock. Of all equities tracked, Occidental Petroleum had the 23rd highest net out-flow for the day. Occidental Petroleum traded up $0.38 for the day and closed at $73.70

A number of equities research analysts have weighed in on the stock. Cowen reiterated a “buy” rating and set a $80.00 target price on shares of Occidental Petroleum in a research note on Thursday, September 28th. Scotiabank reiterated a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum in a research note on Wednesday, November 22nd. BMO Capital Markets set a $60.00 target price on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, October 10th. Mizuho set a $71.00 target price on shares of Occidental Petroleum and gave the company a “hold” rating in a research note on Friday, November 24th. Finally, Barclays boosted their target price on shares of Occidental Petroleum from $45.00 to $47.00 and gave the company an “underweight” rating in a research note on Monday, November 20th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $65.43.

The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $56,110.00, a PE ratio of 103.80, a PEG ratio of 14.54 and a beta of 0.65.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas producer reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm posted ($0.15) EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. equities analysts predict that Occidental Petroleum Corporation will post 0.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Monday, December 11th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, December 8th. Occidental Petroleum’s payout ratio is 433.80%.

Several hedge funds have recently modified their holdings of the company. Glassman Wealth Services grew its position in shares of Occidental Petroleum by 0.3% during the 2nd quarter. Glassman Wealth Services now owns 2,474 shares of the oil and gas producer’s stock valued at $148,000 after acquiring an additional 8 shares during the period. Good Life Advisors LLC grew its position in shares of Occidental Petroleum by 0.8% during the 2nd quarter. Good Life Advisors LLC now owns 7,401 shares of the oil and gas producer’s stock valued at $436,000 after acquiring an additional 58 shares during the period. Savant Capital LLC grew its position in shares of Occidental Petroleum by 1.5% during the 2nd quarter. Savant Capital LLC now owns 5,154 shares of the oil and gas producer’s stock valued at $309,000 after acquiring an additional 77 shares during the period. Pax World Management LLC boosted its holdings in Occidental Petroleum by 2.2% in the 2nd quarter. Pax World Management LLC now owns 6,000 shares of the oil and gas producer’s stock worth $359,000 after buying an additional 129 shares during the period. Finally, AMG Funds LLC boosted its holdings in Occidental Petroleum by 0.5% in the 2nd quarter. AMG Funds LLC now owns 25,547 shares of the oil and gas producer’s stock worth $1,529,000 after buying an additional 136 shares during the period. 80.16% of the stock is owned by hedge funds and other institutional investors.

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About Occidental Petroleum

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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