Stock Worth Mentioning: Could Occidental Petroleum Corporation Change Direction After Today’s Significant Increase?

Stock Worth Mentioning: Could Occidental Petroleum Corporation Change Direction After Today's Significant Increase?

The stock of Occidental Petroleum Corporation (NYSE:OXY) is a huge mover today! About 2.98 million shares traded hands. Occidental Petroleum Corporation (NYSE:OXY) has risen 4.54% since March 16, 2016 and is uptrending. It has underperformed by 1.01% the S&P500.
The move comes after 9 months positive chart setup for the $57.71B company. It was reported on Oct, 19 by We have $113.90 PT which if reached, will make NYSE:OXY worth $29.43 billion more.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on October, 26. They expect $0.01 earnings per share, down 66.67% or $0.02 from last year’s $0.03 per share. OXY’s profit will be $7.65M for 1885.75 P/E if the $0.01 EPS becomes a reality. After $-0.18 actual earnings per share reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts -105.56% EPS growth.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Out of 16 analysts covering Occidental Petroleum Corporation (NYSE:OXY), 6 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 38% are positive. Occidental Petroleum Corporation has been the topic of 36 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Oppenheimer maintained the stock with “Outperform” rating in Monday, August 3 report. The stock has “Sector Perform” rating given by Iberia Capital Partners on Thursday, December 17. RBC Capital Markets maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Thursday, October 29. RBC Capital Markets has “Sector Perform” rating and $73 price target. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, July 31. Barclays Capital maintained it with “Underweight” rating and $61 target price in Thursday, July 14 report. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Buy” rating given on Tuesday, December 15 by Credit Agricole. As per Monday, June 13, the company rating was downgraded by Morgan Stanley. Oppenheimer maintained it with “Outperform” rating and $85 target price in Wednesday, September 2 report. The firm has “Hold” rating by Jefferies given on Tuesday, January 12. The rating was initiated by Mizuho on Thursday, October 6 with “Buy”.

According to Zacks Investment Research, “Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental conducts its principal operations through its oil and gas and chemical subsidiaries.”

Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.06, from 1.18 in 2016Q1. The ratio dived, as 69 funds sold all Occidental Petroleum Corporation shares owned while 340 reduced positions. 79 funds bought stakes while 379 increased positions. They now own 608.99 million shares or 2.93% more from 591.64 million shares in 2016Q1.
Hartford Mgmt holds 0.02% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 381 shares. Farmers Trust, a Ohio-based fund reported 8,621 shares. Atlantic Tru Grp Incorporated Ltd Liability Corporation holds 0.03% or 49,768 shares in its portfolio. First Pacific Advisors Limited Liability Com holds 0.5% or 777,350 shares in its portfolio. Baltimore last reported 67,181 shares in the company. Price T Rowe Associates Inc Md has invested 0.24% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Meiji Yasuda Asset Company Limited has 15,677 shares for 0.17% of their US portfolio. The Pennsylvania-based Smithfield has invested 0.01% in Occidental Petroleum Corporation (NYSE:OXY). Goldman Sachs Gp accumulated 0.07% or 2.78 million shares. Moreover, Fdx Advsr Incorporated has 0.16% invested in Occidental Petroleum Corporation (NYSE:OXY) for 46,233 shares. Dreman Value Mngmt L L C last reported 0.91% of its portfolio in the stock. Moreover, Meeder Asset Management has 0.14% invested in Occidental Petroleum Corporation (NYSE:OXY) for 19,305 shares. Mirae Asset Global Communication accumulated 0.02% or 8,825 shares. Nomura Asset Management Com Limited has invested 0.15% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY). Murphy Cap Mngmt Inc holds 9,651 shares or 0.11% of its portfolio.

Insider Transactions: Since April 26, 2016, the stock had 0 buys, and 24 insider sales for $12.27 million net activity. CHAZEN STEPHEN I had sold 9,000 shares worth $698,760.

More news for Occidental Petroleum Corporation (NYSE:OXY) were recently published by:, which released: “Occidental Petroleum 3rd Quarter Results to be Announced Tuesday, November 1, 2016” on October 17, 2016.‘s article titled: “Occidental Petroleum Raises Its Dividend 1.3% – What Now?” and published on September 19, 2016 is yet another important article.

OXY Company Profile

Occidental Petroleum Corporation (Occidental), incorporated on April 9, 1986, is an gas and oil exploration and production firm with activities in the United States, the Middle East region and Latin America. The Firm operates through three divisions: gas and oil, chemical (OxyChem), and midstream and marketing. The gas and oil segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas. The chemical (OxyChem) segment makes and markets basic chemicals and vinyls. The midstream, marketing segment (midstream and marketing) gathers, processes, transports, stores, purchases and markets oil, condensate, NGLs, natural gas, carbon dioxide (CO2) and power. Additionally, the midstream and marketing segment invests in entities that conduct similar activities. It also trades around its assets, including transportation and storage capacity, and trades oil, NGLs, gas and other commodities. Occidental’s domestic upstream gas and oil activities are located in New Mexico and Texas. International activities are located in Bolivia, Colombia, Oman, Qatar and the United Arab Emirates.

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