ibusinesslines.com October 19, 2018

Occidental Petroleum (NYSE:OXY) Given New $47.00 Price Target at Barclays

08 December 2017, 03:40 | Kelvin Horton

The stock of Occidental Petroleum Corporation (NYSE:OXY) has "Buy" rating given on Friday, October 13 by Bank of America. Occidental Petroleum Corp now has $53.53 billion valuation. The stock decreased 1.04% or $0.73 during the last trading session, reaching $69.27. Volume is simply the number of shares or contracts that trade over a given period of time, usually a day. Vanguard Group Inc. increased its stake in Occidental Petroleum by 2.1% in the second quarter. It has underperformed by 35.67% the S&P500. The Connecticut-based Cardinal Capital Management Llc Ct has invested 2.95% in the stock. 54,387 are held by Congress Asset Mgmt Ma. The lowest target is $13.0 while the high is $14.0. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer's stock valued at $105,000 after acquiring an additional 622 shares during the last quarter. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since December 5, 2016 and is uptrending. It has outperformed by 86.57% the S&P500.

Analysts have given a mean recommendation of 2.60 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Therefore 29% are positive. Occidental Petroleum Co. has a 52 week low of $57.20 and a 52 week high of $78.48. As per Monday, September 12, the company rating was downgraded by JP Morgan. The rating was maintained by Oppenheimer on Thursday, October 12 with "Buy". (NYSE:MPW) has "Equal Weight" rating given on Tuesday, November 22 by Barclays Capital. The rating was maintained by Jefferies on Friday, July 28 with "Hold". The rating was maintained by Barclays Capital on Friday, August 4 with "Underweight". Occidental Petroleum Corporation has an annual performance rate of -1.62% *. Jefferies has "Hold" rating and $6400 target. They expect this year's earnings to fall -175.25% year-over-year to $0.76, followed by 102.63% growth in the next year to $1.54. It last reported revenues of $30.46 million and EPS of $0.04 for the March 2017, representing 19% top-line growth and 0 EPS growth.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on February, 8.

Dodge & Cox increased Cemex Sab De Cv (NYSE:CX) stake by 8.78 million shares to 71.87 million valued at $676.98M in 2017Q2. Brown & Brown Inc (NYSE:BRO) was reduced too.

Investors sentiment decreased to 0.95 in Q2 2017.

PBF Energy Inc. (NYSE:PBF) kept active in profitability ratio analysis, on current situation shares price knocked up 0.86% to $32.87. It worsened, as 82 investors sold Occidental Petroleum Corporation shares while 326 reduced holdings.

Several institutional investors and hedge funds have recently made changes to their positions in OXY. The oil and gas producer reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.07.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Wednesday, November 1st. Oakmont reported 905,765 shares. Hennessy Advsr owns 80,360 shares. Integral Derivatives Ltd Liability Com stated it has 0.03% in Occidental Petroleum Corporation (NYSE:OXY).

Feinberg Stephen holds 37.33% of its portfolio in Medical Properties Trust, Inc. for 9.42 million shares. Aperio Grp Ltd Limited Liability Company reported 209,391 shares or 0.08% of all its holdings. Hendley & invested 0.82% in Occidental Petroleum Corporation (NYSE:OXY). Hsbc Plc holds 0.1% or 947,195 shares in its portfolio. Univest Of Pennsylvania holds 47,179 shares or 1.19% of its portfolio. Los Angeles Mgmt Equity Rech invested in 0.06% or 167,744 shares. Axa holds 0.07% or 266,267 shares in its portfolio. The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. There has been an observed change of 2.92% in the ownership of the shares in the past six months. Its up 0.40, from 0.88 in 2017Q1. 123 funds opened positions while 438 raised stakes. About 814,210 shares traded. Marshall Wace Llp, a United Kingdom-based fund reported 2.37 million shares. Asset Advisors holds 73,115 shares. Grp Incorporated One Trading Lp owns 8,752 shares or 0.01% of their USA portfolio. Manufacturers Life Communications The reported 3,352 shares or 0% of all its holdings. 42 are held by Horrell Cap. Wealthtrust reported 250 shares. It was reported on Dec, 6 by Barchart.com. Levin Strategies Limited Partnership has 3.21 million shares for 3.35% of their portfolio. Gam Hldgs Ag accumulated 126,762 shares. Therefore 94% are positive. Costco Wholesale had 106 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Sunday, August 20 by Cowen & Co. On Tuesday, December 13 the stock rating was downgraded by Wells Fargo to "Underperform". Giving some intention to the performance of firm, its weekly performance was 2.66% and month's performance was calculated as 7.30%. (NYSE:XPO) on Friday, November 3 with "Buy" rating. Bernstein initiated it with "Mkt Perform" rating and $170 target in Monday, February 6 report. The other 12 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. The stock of River and Mercantile Group PLC (LON:RIV) has "Add" rating given on Friday, November 27 by Numis Securities.

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