Shares of Occidental Petroleum Corporation (NYSE:OXY) have received a consensus rating of "Hold" from the eighteen analysts that are presently covering the company, MarketBeat.com reports. The institutional investor owned 152,888 shares of the oil and gas producer's stock after selling 270 shares during the period. Jefferies Group LLC reiterated a "hold" rating and issued a $70.00 target price on shares of Occidental Petroleum Corporation in a research note on Friday, May 5th.
Hedge funds have recently bought and sold shares of the company. Capital Innovations LLC purchased a new stake in shares of Whiting Petroleum Corporation during the first quarter worth approximately $133,000. Gotham Asset Management LLC boosted its stake in shares of Whiting Petroleum Corporation by 22.8% in the first quarter. Franklin Resources Inc. now owns 13,345,159 shares of the oil and gas producer's stock worth $950,580,000 after buying an additional 1,583,197 shares during the period. Finally, Swiss National Bank raised its position in Occidental Petroleum Corporation by 25.6% in the first quarter. TCW Group Inc. raised its position in shares of Encana Corporation by 10.0% in the fourth quarter. The stock had a trading volume of 1,726,075 shares. BlueCrest Capital Management Ltd increased its stake in Encana Corporation by 600.0% in the first quarter. American Century Companies Inc. now owns 9,135,714 shares of the oil and gas producer's stock worth $578,839,000 after buying an additional 936,625 shares during the period.
Several other institutional investors have also made changes to their positions in the stock.
Occidental Petroleum Corporation (NYSE OXY) opened at 59.82 on Monday. The stock's market cap is $45.74 billion. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $78.48. The firm has a 50 day moving average price of $60.48 and a 200-day moving average price of $64.70.
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Whiting Petroleum Corporation (NYSE:WLL) last announced its quarterly earnings results on Wednesday, April 26th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.08. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.96 billion. Encana Corporation had a negative net margin of 3.87% and a positive return on equity of 5.21%. During the same period in the prior year, the business posted ($0.47) earnings per share. On average, equities research analysts expect that Occidental Petroleum Corporation will post $0.81 EPS for the current year. Stockholders of record on Thursday, June 15th were issued a $0.015 dividend. World Asset Management Inc boosted its stake in shares of Whiting Petroleum Corporation by 4.7% in the first quarter. This represents a $3.08 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend is Friday, September 8th. Occidental Petroleum Corporation's payout ratio is -428.17%.
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A number of other brokerages also recently issued reports on WLL. Bank of America Corporation reissued a "buy" rating and issued a $80.00 price objective (down previously from $83.00) on shares of Occidental Petroleum Corporation in a research report on Thursday, May 11th. Scotiabank set a $68.00 price target on shares of Occidental Petroleum Corporation and gave the company a "hold" rating in a research report on Monday, March 27th. Finally, Simmons raised their price target on shares of Occidental Petroleum Corporation from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Wednesday, April 19th. The company presently has an average rating of "Hold" and an average target price of $11.84. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company's stock. Occidental Petroleum Corporation now has a consensus rating of "Hold" and a consensus target price of $70.05. The shares were sold at an average price of $61.77, for a total value of $247,080.00. BlueCrest Capital Management Ltd now owns 1,100,373 shares of the oil and gas company's stock worth $12,885,000 after buying an additional 943,183 shares during the last quarter. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The stock was acquired at an average cost of $59.85 per share, for a total transaction of $101,745.00. Following the completion of the acquisition, the chief financial officer now owns 44,124 shares in the company, valued at $2,640,821.40. The disclosure for this purchase can be found here. FMR LLC now owns 20,771,231 shares of the oil and gas company's stock worth $243,813,000 after buying an additional 18,298,176 shares during the last quarter. Insiders own 0.32% of the company's stock.
Encana Corporation is an energy producer that is focused on developing its multi-basin portfolio of natural gas, oil and natural gas liquids (NGLs) producing plays. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing.
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