EPS for Occidental Petroleum Corporation (OXY) Expected At $1.38

October 14, 2018 - By Ash

Occidental Petroleum Corporation (NYSE:OXY) LogoInvestors sentiment increased to 1.05 in Q2 2018. Its up 0.06, from 0.99 in 2018Q1. It is positive, as 42 investors sold Occidental Petroleum Corporation shares while 352 reduced holdings. 127 funds opened positions while 286 raised stakes. 592.33 million shares or 1.99% less from 604.35 million shares in 2018Q1 were reported.
Fernwood Investment Mgmt Ltd Company owns 7,510 shares or 0.34% of their US portfolio. 8,344 were reported by Shelton Management. Brinker Capital has 63,202 shares. Canada Pension Plan Invest Board has invested 0.02% in Occidental Petroleum Corporation (NYSE:OXY). Dowling Yahnke Ltd holds 0.24% of its portfolio in Occidental Petroleum Corporation (NYSE:OXY) for 30,410 shares. Guardian Life Ins Of America, New York-based fund reported 2,117 shares. Daiwa Grp Inc holds 28,414 shares. Sit Invest Associate invested in 0.84% or 391,870 shares. Premier Asset Management Ltd Liability owns 9,430 shares for 0.19% of their portfolio. Moreover, California Public Employees Retirement Sys has 0.21% invested in Occidental Petroleum Corporation (NYSE:OXY) for 1.85M shares. Fukoku Mutual Life Insurance has 4,000 shares. Synovus invested in 10,608 shares. Fuller And Thaler Asset owns 1,500 shares. Shell Asset Mgmt holds 201,429 shares or 0.35% of its portfolio. Sumitomo Mitsui Asset Mgmt holds 0.07% in Occidental Petroleum Corporation (NYSE:OXY) or 53,417 shares.

Analysts expect Occidental Petroleum Corporation (NYSE:OXY) to report $1.38 EPS on November, 7.They anticipate $1.20 EPS change or 666.67 % from last quarter’s $0.18 EPS. OXY’s profit would be $1.06B giving it 13.94 P/E if the $1.38 EPS is correct. After having $1.10 EPS previously, Occidental Petroleum Corporation’s analysts see 25.45 % EPS growth. The stock increased 0.56% or $0.43 during the last trading session, reaching $76.96. About 4.27M shares traded. Occidental Petroleum Corporation (NYSE:OXY) has risen 24.61% since October 14, 2017 and is uptrending. It has outperformed by 8.99% the S&P500.

Occidental Petroleum Corporation (NYSE:OXY) Ratings Coverage

Among 11 analysts covering Occidental Petroleum (NYSE:OXY), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Occidental Petroleum had 14 analyst reports since April 16, 2018 according to SRatingsIntel. The rating was upgraded by Scotia Capital on Monday, May 21 to “Outperform”. The rating was upgraded by Bank of America to “Buy” on Thursday, May 10. As per Monday, April 16, the company rating was upgraded by PiperJaffray. The rating was reinitiated by PiperJaffray with “Overweight” on Friday, September 28. Edward Jones upgraded the shares of OXY in report on Tuesday, September 18 to “Buy” rating. Morgan Stanley maintained the shares of OXY in report on Friday, October 12 with “Overweight” rating. The stock of Occidental Petroleum Corporation (NYSE:OXY) earned “Buy” rating by Citigroup on Tuesday, June 5. The rating was upgraded by Jefferies on Monday, June 11 to “Buy”. Credit Suisse maintained the shares of OXY in report on Wednesday, May 9 with “Neutral” rating. JP Morgan maintained Occidental Petroleum Corporation (NYSE:OXY) rating on Friday, August 10. JP Morgan has “Neutral” rating and $90 target.

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 $58.85 billion. The firm operates in three divisions: Oil and Gas, Chemical, and Midstream and Marketing. It has a 26.44 P/E ratio. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids , and natural gas.

More recent Occidental Petroleum Corporation (NYSE:OXY) news were published by: Bizjournals.com which released: “Texas Supreme Court ends dual taxation at Ingleside terminal” on October 12, 2018. Also Seekingalpha.com published the news titled: “Earnings picks from Morgan Stanley” on October 09, 2018. Seekingalpha.com‘s news article titled: “3 Reasons To Love Occidental Petroleum” with publication date: September 20, 2018 was also an interesting one.

Occidental Petroleum Corporation (NYSE:OXY) Institutional Positions Chart

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