Media stories about Occidental Petroleum Corporation (NYSE:OXY) have trended positive on Tuesday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Occidental Petroleum Corporation earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 80 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Occidental Petroleum Corporation (NYSE:OXY) Position Decreased by Neuberger Berman Group LLC (hoyentv.com)
- ETFs with exposure to Occidental Petroleum Corp. : July 14, 2017 (finance.yahoo.com)
- Occidental Petroleum Corporation (NYSE:OXY) Given New $55.00 Price Target at BMO Capital Markets (americanbankingnews.com)
- Trending Stock in Review: Whiting Petroleum Corp (NYSE:WLL) (emfizz.com)
- BidaskClub Downgrades Whiting Petroleum Corporation (NYSE:WLL) to Strong Sell (lazertecnologia.com)
Occidental Petroleum Corporation (NYSE:OXY) opened at 60.04 on Tuesday. Occidental Petroleum Corporation has a one year low of $57.20 and a one year high of $78.48. The company has a 50 day moving average price of $60.48 and a 200-day moving average price of $64.70. The firm’s market capitalization is $45.91 billion.
Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Thursday, May 4th. The oil and gas producer reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.01. The company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Occidental Petroleum Corporation had a negative return on equity of 1.04% and a negative net margin of 4.82%. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.47) EPS. On average, equities analysts predict that Occidental Petroleum Corporation will post $0.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be paid a $0.77 dividend. The ex-dividend date is Friday, September 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 5.13%. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is -428.17%.
Several analysts recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating and issued a $70.00 price target on shares of Occidental Petroleum Corporation in a report on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and issued a $80.00 price target on shares of Occidental Petroleum Corporation in a report on Friday, May 19th. Zacks Investment Research downgraded Occidental Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Wolfe Research raised Occidental Petroleum Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $80.00 target price (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research note on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Occidental Petroleum Corporation currently has an average rating of “Hold” and an average price target of $69.61.
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In other news, CFO Cedric W. Burgher acquired 1,700 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was acquired at an average price of $59.85 per share, for a total transaction of $101,745.00. Following the transaction, the chief financial officer now directly owns 44,124 shares in the company, valued at $2,640,821.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen I. Chazen sold 4,000 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $61.77, for a total transaction of $247,080.00. Following the completion of the sale, the director now owns 1,468,619 shares of the company’s stock, valued at approximately $90,716,595.63. The disclosure for this sale can be found here. In the last three months, insiders sold 16,000 shares of company stock worth $978,600. 0.32% of the stock is currently owned by company insiders.
About Occidental Petroleum Corporation
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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