Capital One Financial Analysts Lift Earnings Estimates for Occidental Petroleum Co. (OXY)

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Capital One Financial upped their FY2017 earnings estimates for shares of Occidental Petroleum in a report issued on Tuesday. Capital One Financial analyst R. Tullis now expects that the oil and gas producer will post earnings per share of $0.90 for the year, up from their previous forecast of $0.89.

OXY has been the subject of a number of other research reports. Morgan Stanley increased their target price on Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Mizuho reissued a “hold” rating and set a $64.00 target price on shares of Occidental Petroleum in a report on Friday, November 3rd. Bank of America increased their target price on Occidental Petroleum from $70.00 to $76.00 and gave the company a “buy” rating in a report on Friday, October 13th. Citigroup raised Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 target price for the company in a report on Monday, January 22nd. Finally, Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.07.

Occidental Petroleum (NYSE OXY) opened at $69.87 on Thursday. Occidental Petroleum has a fifty-two week low of $57.20 and a fifty-two week high of $78.09. The company has a market capitalization of $54,500.78, a P/E ratio of 99.81, a price-to-earnings-growth ratio of 4.56 and a beta of 0.53. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.

Large investors have recently bought and sold shares of the stock. New Mexico Educational Retirement Board grew its position in Occidental Petroleum by 3.4% in the fourth quarter. New Mexico Educational Retirement Board now owns 73,513 shares of the oil and gas producer’s stock worth $5,415,000 after acquiring an additional 2,400 shares during the period. Old Mutual Global Investors UK Ltd. purchased a new position in Occidental Petroleum in the fourth quarter worth approximately $250,000. Bronfman E.L. Rothschild L.P. grew its position in Occidental Petroleum by 45.2% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,217 shares of the oil and gas producer’s stock worth $458,000 after acquiring an additional 1,935 shares during the period. Ffcm LLC grew its position in Occidental Petroleum by 19.5% in the fourth quarter. Ffcm LLC now owns 34,639 shares of the oil and gas producer’s stock worth $2,552,000 after acquiring an additional 5,649 shares during the period. Finally, Doyle Wealth Management purchased a new position in Occidental Petroleum in the fourth quarter worth approximately $258,000. 80.21% 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.

Earnings History and Estimates for Occidental Petroleum (NYSE:OXY)

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