Lunes, 22 May, 2017

Occidental Petroleum Corporation (NYSE:OXY) Receives An Update From Brokers

Manuel Armenta | 19 May, 2017, 23:55

For trailing twelve months, EPS value for the stock is $-0.69. During the same period past year, the business posted ($0.47) earnings per share.

Jefferies Group LLC reaffirmed their hold rating on shares of Occidental Petroleum Co. Oppenheimer maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Wednesday, September 2.

Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings results on Thursday, May 4th. The brokerage now has a $80.00 price target on the oil and gas producer's stock, down from their prior price target of $83.00.

Annual Dividend Yield of Occidental Petroleum Corporation (OXY) stands at 5.04%. For the outlook of the current financial quarter, Analysts think the firm will post 0.27 earnings per share. However the company reported $-0.18 earnings per share for the same quarter during past year.

While considering growth estimates of the company, it has next quarter growth estimates of 313.3% whereas during current quarter it has 222.2% estimations over growth, comparing to the estimations of 202% during current year and 81.6% for next year. "Cut by Analyst (OXY)" was originally published by The Cerbat Gem and is the property of of The Cerbat Gem.

COPYRIGHT VIOLATION WARNING: "FY2017 EPS Estimates for Occidental Petroleum Co".

Northeast Investment Management decreased Occidental Pete Corp (OXY) stake by 11% reported in 2016Q4 SEC filing. BMO Capital Markets set a $65.00 price target on Occidental Petroleum and gave the company a hold rating in a research report on Thursday, May 4th. The firm has "Neutral" rating given on Monday, February 13 by Mizuho. Finally, Barclays PLC lowered their price target on Occidental Petroleum from $63.00 to $62.00 and set an underweight rating for the company in a report on Thursday, January 26th. Evercore ISI downgraded Occidental Petroleum to a "buy" rating in a research note on Friday, March 3rd.

Here we'll take a quick glance at how the stock price is now trading in relation to some of its simple moving averages. Eastern Bank acquired 23,597 shares as Occidental Petroleum Corp (OXY)'s stock 0.00%. (NYSE:CYS) stock went up with a prior 52-week high of $8.73.During the session shares traded on below-average volume.

01/11/2017 - Occidental Petroleum Corporation was downgraded to "market perform" by analysts at BMO Capital Markets. The stock notched a 12-month high of $72.88 while $87.00 target is by far the most aggressive out of analysts who are now evaluating the company, $14.12 higher than the next highest 52-week price estimate.

NFX stock's price is now -32.36% down from its 52-week high and +2.48% up from its 52-week low.

Several institutional investors have recently made changes to their positions in OXY. Wellington Management Group LLP increased its stake in shares of Occidental Petroleum by 0.8% in the first quarter. Zooming in closer, company stock has been -8.18% for the quarter, -2.70% over the past month, and -1.28% over the past week. It also increased its holding in Energy Select Sector Spdr (XLE) by 101,345 shares in the quarter, for a total of 109,820 shares, and has risen its stake in Siemens Ag Adr (SIEGY). Parallel Advisors LLC increased its position in shares of Occidental Petroleum by 15.6% in the first quarter. Mosaic Family Wealth LLC boosted its stake in shares of Occidental Petroleum by 4.0% in the first quarter. Wellington Management Group LLP now owns 13,952,937 shares of the oil and gas producer's stock worth $884,058,000 after buying an additional 105,546 shares during the period. Blackrock Institutional Tru Na reported 0.22% in Occidental Petroleum Corporation (NYSE:OXY). The stock ended last trade at $60.29 a share and the price is up more than -14.35% so far this year. The stock was purchased at an average cost of $62.72 per share, with a total value of $940,800.00. Crossvault Capital Mngmt Limited Co owns 38,890 shares for 4.2% of their portfolio. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Following the completion of the transaction, the insider now directly owns 76,018 shares of the company's stock, valued at $4,767,848.96. The disclosure for this sale can be found here. Manufacturers Life Insur The accumulated 3.42 million shares or 0.35% of the stock. Bright Rock Capital Management Llc sold 6,900 shares as Copart Inc (CPRT)'s stock 0.00%.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 9th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, June 7th. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Occidental Petroleum Corporation (OXY), we will discuss a few.

Occidental Petroleum Corporation is an gas and oil exploration and production company.