Headlines about Occidental Petroleum (NYSE:OXY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Occidental Petroleum earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.5569713969713 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Former OXY Heavyweights Steve Chazen and Chris Stavros Join Forces in $2.7-Billion SPAC Deal (oilandgas360.com)
- Free Post Earnings Research Report: Occidental’s Q4 Results Outshone Estimates (finance.yahoo.com)
- Contractor change at OxyChem facilities affects up to 548 jobs (finance.yahoo.com)
- Occidental (OXY) Down 8.3% Since Earnings Report: Can It Rebound? (finance.yahoo.com)
OXY stock traded up $2.13 during trading on Wednesday, hitting $66.04. 4,778,080 shares of the stock were exchanged, compared to its average volume of 4,817,172. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $48,701.71, a price-to-earnings ratio of 38.62, a P/E/G ratio of 3.75 and a beta of 0.64. Occidental Petroleum has a one year low of $57.20 and a one year high of $78.09.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 4.66%. Occidental Petroleum’s dividend payout ratio is currently 180.12%.
OXY has been the topic of a number of research analyst reports. Scotiabank reissued a “hold” rating and issued a $64.00 target price on shares of Occidental Petroleum in a research note on Wednesday, November 22nd. Mizuho set a $79.00 target price on Occidental Petroleum and gave the company a “hold” rating in a research note on Tuesday, January 16th. Credit Suisse Group initiated coverage on Occidental Petroleum in a research note on Monday, December 11th. They issued a “neutral” rating and a $62.00 target price on the stock. Cowen set a $85.00 target price on Occidental Petroleum and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. upped their price target on shares of Occidental Petroleum from $74.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $71.56.
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Occidental Petroleum Company Profile
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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