Occidental Petroleum (OXY) to Release Quarterly Earnings on Tuesday

Occidental Petroleum (NYSE:OXY) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Occidental Petroleum to post earnings of $0.67 per share and revenue of $7.14 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Occidental Petroleum Stock Up 3.4 %

OXY stock opened at $48.36 on Tuesday. The company has a market cap of $45.38 billion, a price-to-earnings ratio of 12.59 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. The business’s 50-day moving average is $49.10 and its two-hundred day moving average is $52.02. Occidental Petroleum has a fifty-two week low of $45.17 and a fifty-two week high of $71.18.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of Occidental Petroleum stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $46.25 per share, for a total transaction of $114,577,992.50. Following the completion of the transaction, the insider now owns 257,758,886 shares of the company’s stock, valued at approximately $11,921,348,477.50. This trade represents a 0.97 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

OXY has been the topic of a number of research reports. Susquehanna dropped their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a report on Thursday, November 14th. Raymond James lifted their price target on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Bank of America initiated coverage on Occidental Petroleum in a research note on Thursday, October 17th. They issued a “neutral” rating and a $57.00 price objective for the company. Stephens lifted their target price on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus target price of $61.71.

About Occidental Petroleum

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.