Press coverage about Occidental Petroleum (NYSE:OXY) has trended somewhat negative on Friday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Occidental Petroleum earned a daily sentiment score of -1.88 on their scale. InfoTrie also gave media stories about the oil and gas producer an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the headlines that may have impacted Occidental Petroleum’s score:
- Carl Icahn is a problem of Occidental’s own making (nasdaq.com)
- Not all Oxy stakeholders agree with activist’s view (bizjournals.com)
- Oxy Owes Buffett, and Now Icahn Wants His Due (washingtonpost.com)
- Occidental Petroleum (OXY) Presents At Bernstein Strategic Decisions Conference – Slideshow (seekingalpha.com)
- Billionaire investor sues Occidental (finance.yahoo.com)
OXY stock traded down $2.14 during midday trading on Friday, reaching $49.77. 11,161,488 shares of the company’s stock traded hands, compared to its average volume of 7,556,973. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.23 and a quick ratio of 1.03. Occidental Petroleum has a 52 week low of $49.69 and a 52 week high of $87.67. The stock has a market capitalization of $38.89 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 2.68 and a beta of 0.76.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, June 10th will be given a $0.78 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.12 annualized dividend and a yield of 6.27%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 62.28%.
Several analysts have recently commented on OXY shares. Royal Bank of Canada raised their target price on Occidental Petroleum to $76.00 in a research note on Tuesday, May 7th. Morgan Stanley set a $72.00 price target on Occidental Petroleum and gave the company a “buy” rating in a research note on Thursday, February 14th. Mizuho reiterated a “buy” rating and set a $82.00 price target on shares of Occidental Petroleum in a research note on Wednesday, February 13th. Zacks Investment Research upgraded Occidental Petroleum from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Tuesday, April 16th. Finally, Raymond James set a $80.00 target price on Occidental Petroleum and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. Occidental Petroleum presently has an average rating of “Hold” and an average target price of $75.30.
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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 and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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