Q2 2019 Sentiment Occidental Petroleum Corp (NYSE:OXY)

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Sentiment for Occidental Petroleum Corp (NYSE:OXY)

Occidental Petroleum Corp (NYSE:OXY) institutional sentiment decreased to 0.84 in 2019 Q2. Its down -0.33, from 1.17 in 2019Q1. The ratio worsened, as 355 active investment managers opened new and increased stock positions, while 421 cut down and sold stock positions in Occidental Petroleum Corp. The active investment managers in our partner’s database now possess: 617.91 million shares, up from 590.78 million shares in 2019Q1. Also, the number of active investment managers holding Occidental Petroleum Corp in their top 10 stock positions increased from 11 to 13 for an increase of 2. Sold All: 114 Reduced: 307 Increased: 254 New Position: 101.

Occidental Petroleum Corporation engages in the acquisition, exploration, and development of gas and oil properties in the United States and internationally. The company has market cap of $40.31 billion. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing. It has a 8.89 P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids , and natural gas.

The stock decreased 0.75% or $0.34 during the last trading session, reaching $45.06. About 9.08 million shares traded or 2.19% up from the average. Occidental Petroleum Corporation (NYSE:OXY) has declined 38.35% since September 13, 2018 and is downtrending. It has underperformed by 38.35% the S&P500.

Analysts await Occidental Petroleum Corporation (NYSE:OXY) to report earnings on November, 4. They expect $0.70 earnings per share, down 60.45 % or $1.07 from last year’s $1.77 per share. OXY’s profit will be $626.13M for 16.09 P/E if the $0.70 EPS becomes a reality. After $0.97 actual earnings per share reported by Occidental Petroleum Corporation for the previous quarter, Wall Street now forecasts -27.84 % negative EPS growth.

Adams Asset Advisors Llc holds 48.82% of its portfolio in Occidental Petroleum Corporation for 6.29 million shares. Mason Capital Management Llc owns 2.20 million shares or 21.16% of their US portfolio. Moreover, Paragon Associates & Paragon Associates Ii Joint Venture has 7.75% invested in the company for 200,000 shares. The New York-based Icahn Carl C has invested 6.3% in the stock. Oslo Asset Management As, a Norway-based fund reported 450,000 shares.

Since January 1, 0001, it had 11 insider buys, and 0 sales for $5.82 million activity.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Ratings analysis reveals 22% of Occidental Petroleum’s analysts are positive. Out of 9 Wall Street analysts rating Occidental Petroleum, 2 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $4700 while the high is $70. The stock’s average target of $56.17 is 24.66% above today’s ($45.06) share price. OXY was included in 20 notes of analysts from March 21, 2019. JP Morgan downgraded Occidental Petroleum Corporation (NYSE:OXY) on Tuesday, August 13 to “Underweight” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Overweight” rating given on Monday, April 22 by KeyBanc Capital Markets. The firm earned “Hold” rating on Monday, April 29 by Jefferies. On Monday, April 22 the stock rating was downgraded by Mizuho to “Neutral”. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Hold” rating given on Friday, August 23 by Jefferies. Wells Fargo maintained the stock with “Market Perform” rating in Monday, August 19 report. The firm has “Equal-Weight” rating given on Friday, July 12 by Morgan Stanley. The stock of Occidental Petroleum Corporation (NYSE:OXY) has “Neutral” rating given on Tuesday, August 27 by Goldman Sachs.

More notable recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Globenewswire.com which released: “Occidental Increases Dividend NYSE:OXY – GlobeNewswire” on July 11, 2019, also Finance.Yahoo.com with their article: “Bill Nygren Drills Into Permian Basin Oil – Yahoo Finance” published on August 22, 2019, Investorplace.com published: “The Bull Case for Exxon Stock Is Strong, but It’s Not Perfect – Investorplace.com” on September 11, 2019. More interesting news about Occidental Petroleum Corporation (NYSE:OXY) were released by: Fool.com and their article: “Big Oil Is on the Prowl for Its Next Big Acquisition – The Motley Fool” published on September 08, 2019 as well as Globenewswire.com‘s news article titled: “Occidental Petroleum Announces Dividend NYSE:OXY – GlobeNewswire” with publication date: February 27, 2019.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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