Occidental Petroleum (NYSE:OXY – Get Free Report) had its goal value lifted by equities analysis analysts at Wolfe Analysis from $73.00 to $75.00 in a report launched on Tuesday. The agency presently has a “purchase” score on the oil and fuel producer’s inventory. Wolfe Analysis’s value goal factors to a possible upside of 46.71% from the corporate’s earlier shut.
Quite a few different brokerages have additionally not too long ago commented on OXY. Scotiabank decreased their value goal on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” score for the corporate in a analysis word on Thursday, October tenth. JPMorgan Chase & Co. reiterated a “impartial” score and set a $56.00 value goal on shares of Occidental Petroleum in a report on Friday, November eighth. The Goldman Sachs Group began protection on Occidental Petroleum in a report on Wednesday, October 2nd. They set a “impartial” score and a $55.00 value goal on the inventory. Evercore ISI dropped their value goal on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” score on the inventory in a report on Monday, September thirtieth. Lastly, Raymond James lowered their goal value on Occidental Petroleum from $85.00 to $77.00 and set a “purchase” score on the inventory in a analysis word on Tuesday. One analyst has rated the inventory with a promote score, 13 have assigned a maintain score and 7 have issued a purchase score to the corporate. In accordance with knowledge from MarketBeat.com, Occidental Petroleum presently has a median score of “Maintain” and a consensus value goal of $64.30.
Verify Out Our Newest Analysis Report on Occidental Petroleum
Occidental Petroleum Buying and selling Up 1.7 %
Shares of Occidental Petroleum inventory opened at $51.12 on Tuesday. The corporate has a debt-to-equity ratio of 0.77, a fast ratio of 0.75 and a present ratio of 1.04. Occidental Petroleum has a 52 week low of $48.42 and a 52 week excessive of $71.18. The inventory has a 50 day shifting common value of $51.97 and a two-hundred day shifting common value of $57.72. The inventory has a market capitalization of $46.30 billion, a PE ratio of 13.31 and a beta of 1.58.
Hedge Funds Weigh In On Occidental Petroleum
A number of hedge funds and different institutional traders have not too long ago added to or decreased their stakes within the enterprise. Charles Schwab Funding Administration Inc. grew its place in Occidental Petroleum by 2.5% in the course of the third quarter. Charles Schwab Funding Administration Inc. now owns 4,007,770 shares of the oil and fuel producer’s inventory price $206,560,000 after shopping for a further 98,703 shares within the final quarter. American Century Firms Inc. boosted its holdings in shares of Occidental Petroleum by 16.8% within the 2nd quarter. American Century Firms Inc. now owns 3,707,555 shares of the oil and fuel producer’s inventory price $233,687,000 after buying a further 532,318 shares within the final quarter. Swiss Nationwide Financial institution boosted its holdings in shares of Occidental Petroleum by 0.3% within the third quarter. Swiss Nationwide Financial institution now owns 1,973,614 shares of the oil and fuel producer’s inventory price $101,720,000 after buying a further 5,200 shares within the final quarter. Epoch Funding Companions Inc. boosted its holdings in shares of Occidental Petroleum by 20.1% within the 2nd quarter. Epoch Funding Companions Inc. now owns 1,661,231 shares of the oil and fuel producer’s inventory price $104,707,000 after buying a further 277,462 shares within the final quarter. Lastly, Nationwide Pension Service boosted its holdings in shares of Occidental Petroleum by 9.4% within the third quarter. Nationwide Pension Service now owns 1,556,461 shares of the oil and fuel producer’s inventory price $80,220,000 after buying a further 133,546 shares within the final quarter. 88.70% of the inventory is at present owned by hedge funds and different institutional traders.
About Occidental Petroleum
Occidental Petroleum Company, along with its subsidiaries, engages within the acquisition, exploration, and growth of oil and fuel properties in the USA, the Center East, and North Africa. It operates via three segments: Oil and Fuel, Chemical, and Midstream and Advertising and marketing. The corporate’s Oil and Fuel phase explores for, develops, and produces oil and condensate, pure fuel liquids (NGLs), and pure fuel.
Featured Tales
Obtain Information & Scores for Occidental Petroleum Each day – Enter your electronic mail tackle under to obtain a concise day by day abstract of the most recent information and analysts’ rankings for Occidental Petroleum and associated firms with MarketBeat.com’s FREE day by day electronic mail e-newsletter.
