Worth Watching Stock: Occidental Petroleum Corporation (NYSE:OXY)
- Author: Zachary Reyes Feb 14, 2017,
Feb 14, 2017, 19:31
Occidental Petroleum Corporation (NYSE:OXY), at its latest closing price of $68.47, it has a price-to-book ratio of 2.43, compared to an industry average at 0.41. The company had Year Ago Sales of $9.1 Billion.
JD.com, Inc. (NASDAQ:JD) belongs to Retail-Wholesale sector closed its last session with a gain of 0.48 percent and closed its previous trading session at $29.52.
The company's quick ratio for most recent quarter is 0.70.
Occidental Petroleum Corporation holds a dividend yield of 4.44%, and depicts the price/earnings ratio (P/E) to be *TBA. Reaves W H & Co.
In case of Revenue Estimates, 6 analysts have provided their consensus Average Revenue Estimates for Occidental Petroleum Corporation as 2.98 Billion. The company's stock has grown by -53.31 percent in the past 5 years. Oakworth Capital Inc. raised its position in Occidental Petroleum Corporation by 4.9% in the third quarter. The insider owns 7,657,622 shares which have current market value of around $524317378.34.Mr. Stephen I. Chazen is another major inside shareholder in the company. Finally, QCI Asset Management Inc. Nordea Investment Management AB now owns 849,837 shares of the company's stock valued at $61,970,000 after buying an additional 19,902 shares during the last quarter. The 52-week high of the share price is $78.48 and the company has a market cap of $52,324 million. The company's 50 day moving average price is $69.37 and its 200 day moving average price is $71.78.
Earnings Surprise: According to the earnings report released for Quarter Ending_Sep-16, The Company posted actual earnings of $-0.47 per share whereas the Analysts projected earnings were $-0.41 per share. The company reported $-0.13 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Occidental Petroleum Corporation had a negative return on equity of 3.40% and a negative net margin of 5.52%. During the same quarter a year ago, the firm posted ($0.17) earnings per share. The company's revenue was down.6% on a year-over-year basis. Analysts predict that Occidental Petroleum Corporation will post $1.28 earnings per share for the current fiscal year. If you are reading this report on another publication, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright laws.
Several analysts recently weighed in on OXY shares. Mizuho lowered Occidental Petroleum Corporation from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $87.00 to $70.00 in a research note on Monday.
Occidental Petroleum Corporation (NYSE:OXY) jumped 3.47 percent over the past one year, while it declined -3.87 percent year to date (YTD). Goldman Sachs Group, Inc.
Occidental Petroleum Corporation Last issued its quarterly earnings results on Feb 9, 2017. Barclays PLC reduced their target price on shares of Occidental Petroleum Corporation from $63.00 to $62.00 and set an "underweight" rating for the company in a research report on Thursday, January 26th. (NYSE:SU)-2 analysts issued Strong buy for the stock, 8 analysts have given a Buy rating, 1 think it's a HOLD, 0 reported it as Underperform, while 0 analyst issued a Sell rating. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. The company presently has a consensus rating of "Hold" and an average target price of $72.96.
The counter witnessed a trading volume of 7.39 million shares versus an average volume of 4.81 million shares during last trading session. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Following the completion of the transaction, the insider is left with a stake of 1,554,395 shares, amounting $106429425.65. The stock was sold at an average price of $68.31, for a total transaction of $273,240.00. Following the transaction, the director now directly owns 1,577,619 shares in the company, valued at approximately $110,338,672.86. The disclosure for this purchase can be found here. The stock has 52-week high of $33.79 and 52-week low of $21.74.
Occidental Petroleum Corporation is an oil and gas exploration and production company. Occidental operates through three segments. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.