O’Reilly Automotive, Inc. (NASDAQ: ORLY), Occidental Petroleum Co. (NYSE: OXY), Procter & Gamble (NYSE: PG), Hanger Orthopedic (NYSE: HGR), Harmonic (NASDAQ: HLIT), KBR, Inc. (NYSE: KBR) and KLA-Tencor (NASDAQ: KLAC) had price targets on them adjusted by analysts.
O’Reilly Automotive, Inc. (ORLY) had its price target raised by Morgan Keegan from $72.00 to $87.00. They have an “Outperform” rating on the company.
Occidental Petroleum Co. (OXY) had its price target raised by Barclays Capital from $82.00 to $89.00. They have an “Equal Weight” rating on the company.
Procter & Gamble (PG) had its price target raised by Oppenheimer to $72.00.
Hanger Orthopedic (HGR) had its price target lowered by Barclays Capital from $24.00 to $22.00. They have an “Overweight” rating on the company.
Harmonic (HLIT) had its price target lowered by Jefferies (NYSE:JEF) to $5.75. They have a “Hold” rating on the company.
KBR, Inc. (KBR) had its price target lowered by Barclays Capital from $45.00 to $41.00. They have an “Equal Weight” rating on the company.
KLA-Tencor (KLAC) had its price target raised by Barclays Capital from $44.00 to $50.00. They have an “Equal Weight” rating on the company.
Showing posts with label Occidental Petroleum. Show all posts
Showing posts with label Occidental Petroleum. Show all posts
Monday, October 31, 2011
Thursday, August 11, 2011
Anadarko (APC) (OXY) (PXD) (SMT) (DIS) Price Targets Changed
Anadarko Petroleum (NYSE: APC), Occidental Petroleum Co. (NYSE: OXY), Pioneer Natural Resources (NYSE: PXD), SMART Technologies Inc (NYSE: SMT) and Walt Disney (NYSE: DIS) price targets adjusted by analysts.
Occidental Petroleum Co. (OXY) had its price target lowered by Barclays Capital from $104.00 to $93.00. They have an “Equal Weight” rating on the company.
Pioneer Natural Resources (PXD) had its price target lowered by Barclays Capital from $113.00 to $93.00. They have an “Overweight” rating on the company.
Anadarko Petroleum (APC) had its price target lowered by Barclays Capital from $88.00 to $80.00. They have an “Equal Weight” rating on the company.
SMART Technologies Inc. (SMT) had its price target lowered by Deutsche Bank (NYSE:DB) from $12.00 to $10.00. They have a “Buy” rating on the company.
Walt Disney (DIS) had its price target lowered by Barclays Capital from $52.00 to $44.00. They have an “Overweight” rating on the company.
Occidental Petroleum Co. (OXY) had its price target lowered by Barclays Capital from $104.00 to $93.00. They have an “Equal Weight” rating on the company.
Pioneer Natural Resources (PXD) had its price target lowered by Barclays Capital from $113.00 to $93.00. They have an “Overweight” rating on the company.
Anadarko Petroleum (APC) had its price target lowered by Barclays Capital from $88.00 to $80.00. They have an “Equal Weight” rating on the company.
SMART Technologies Inc. (SMT) had its price target lowered by Deutsche Bank (NYSE:DB) from $12.00 to $10.00. They have a “Buy” rating on the company.
Walt Disney (DIS) had its price target lowered by Barclays Capital from $52.00 to $44.00. They have an “Overweight” rating on the company.
Thursday, August 4, 2011
Sprint (S) (PTEN) (UNP) (TRMB) (SIMG) (OXY) Upgraded
Sprint Nextel (NYSE: S), Patterson-UTI (NASDAQ: PTEN), Union Pacific (NYSE: UNP), Trimble Navigation (NASDAQ: TRMB), Silicon Image, Inc. (NASDAQ: SIMG) and Occidental Petroleum Co. (NYSE: OXY) upgraded by analysts.
Sprint Nextel (S) was upgraded by Macquarie from an “Underperform” rating to a “Neutral” rating.
Patterson-UTI (PTEN) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Union Pacific (UNP) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Trimble Navigation (TRMB) was upgraded by Canaccord Genuity from a “Hold” rating to a “Buy” rating. They have a price target of $53.00 on the company, up from $52.00.
Silicon Image, Inc. (SIMG) was upgraded by Merriman Curhan Ford from a “Neutral” rating to a “Buy” rating.
Occidental Petroleum Co. (OXY) was upgraded by Societe Generale from a “Hold” rating to a “Buy” rating.
Sprint Nextel (S) was upgraded by Macquarie from an “Underperform” rating to a “Neutral” rating.
Patterson-UTI (PTEN) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Union Pacific (UNP) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Trimble Navigation (TRMB) was upgraded by Canaccord Genuity from a “Hold” rating to a “Buy” rating. They have a price target of $53.00 on the company, up from $52.00.
Silicon Image, Inc. (SIMG) was upgraded by Merriman Curhan Ford from a “Neutral” rating to a “Buy” rating.
Occidental Petroleum Co. (OXY) was upgraded by Societe Generale from a “Hold” rating to a “Buy” rating.
Thursday, July 28, 2011
Google (GOOG) (ITW) (JEC) (JNPR) (LVS) (OXY) (WFT) Price Targets Changed
Google Inc. (NASDAQ: GOOG), Illinois Tool Works Inc. (NYSE: ITW), Jacobs Engineering (NYSE: JEC), Juniper Networks (NASDAQ: JNPR), Las Vegas Sands Corp. (NYSE: LVS), Occidental Petroleum Co. (NYSE: OXY) and Weatherford (NYSE: WFT) had price targets changed by analysts.
Google Inc. (NASDAQ: GOOG) had its price target raised by Capstone to $689.00. They have a “Buy” rating on the company.
Illinois Tool Works Inc. (ITW) had its price target cut by Sterne Agee to $60.00.
Jacobs Engineering (JEC) had its price target slashed by Stifel Nicolaus from $60.00 to $55.00. They have a “Buy” rating on the company.
Juniper Networks (JNPR) had its price target lowered by Stifel Nicolaus from $39.00 to $37.00. They have a “Buy” rating on the company.
Las Vegas Sands Corp. (LVS) had its price target boosted by Brean Murray from $53.00 to $59.00. They have a “Buy” rating on the company.
Occidental Petroleum Co. (OXY) had its price target cut by Howard Weil from $132.00 to $128.00. They have an “Outperform” rating on the company.
Weatherford (WFT) had its price target raised by Howard Weil from $22.00 to $26.00. They have a “Market Perform” rating on the company.
Google Inc. (NASDAQ: GOOG) had its price target raised by Capstone to $689.00. They have a “Buy” rating on the company.
Illinois Tool Works Inc. (ITW) had its price target cut by Sterne Agee to $60.00.
Jacobs Engineering (JEC) had its price target slashed by Stifel Nicolaus from $60.00 to $55.00. They have a “Buy” rating on the company.
Juniper Networks (JNPR) had its price target lowered by Stifel Nicolaus from $39.00 to $37.00. They have a “Buy” rating on the company.
Las Vegas Sands Corp. (LVS) had its price target boosted by Brean Murray from $53.00 to $59.00. They have a “Buy” rating on the company.
Occidental Petroleum Co. (OXY) had its price target cut by Howard Weil from $132.00 to $128.00. They have an “Outperform” rating on the company.
Weatherford (WFT) had its price target raised by Howard Weil from $22.00 to $26.00. They have a “Market Perform” rating on the company.
Monday, May 9, 2011
Price Targets on (WTR) (MHK) (PGN) (OXY) Updated
Analysts updated their price targets on Aqua America (NYSE: WTR), Mohawk Industries, Inc. (NYSE: MHK), Progress Energy (NYSE: PGN), Markel Co. (NYSE: MKL) and Occidental Petroleum Co. (NYSE: OXY) today.
Bank of America (NYSE:BAC) raised their price target on Aqua America (WTR) from $26.00 to $29.00. They have a “buy” rating on the company.
RBC Capital raised their price target on Mohawk Industries, Inc. (MHK) from $62.00 to $74.00. They have a “sector perform” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Progress Energy (PGN) from $48.00 to $49.00.
BGB Securities raised their price target on Markel Co. (MKL) to $410.00.
Argus raised their price target on Occidental Petroleum Co. (OXY) from $110.00 to $121.00. They have a “buy” rating on the company.
Bank of America (NYSE:BAC) raised their price target on Aqua America (WTR) from $26.00 to $29.00. They have a “buy” rating on the company.
RBC Capital raised their price target on Mohawk Industries, Inc. (MHK) from $62.00 to $74.00. They have a “sector perform” rating on the company.
Jefferies (NYSE:JEF) raised their price target on Progress Energy (PGN) from $48.00 to $49.00.
BGB Securities raised their price target on Markel Co. (MKL) to $410.00.
Argus raised their price target on Occidental Petroleum Co. (OXY) from $110.00 to $121.00. They have a “buy” rating on the company.
Tuesday, May 3, 2011
Ratings on (BWP) (HAE) (ICO) (LPSN) (OXY) Downgraded by Analysts
Ratings on Boardwalk Pipeline Partners (NYSE: BWP), Haemonetics Co. (NYSE: HAE), International Coal Group, Inc. (NYSE: ICO), LivePerson Inc (NASDAQ: LPSN) and Occidental Petroleum Co. (NYSE: OXY) were downgraded today by analysts.
Raymond James (NYSE:RJF) downgraded Boardwalk Pipeline Partners (BWP) from a “market perform” rating to an “underperform” rating.
Craig Hallum downgraded Haemonetics Co. (HAE) from a “buy” rating to an “accumulate” rating.
Brean Murray downgraded International Coal Group, Inc. (ICO) from a “buy” rating to a “hold” rating.
Craig Hallum downgraded LivePerson Inc (LPSN) from a “buy” rating to an “accumulate” rating.
Societe Generale downgraded Occidental Petroleum Co. (OXY) from a “buy” rating to a “hold” rating. They have a price target of $108.00 on the company. They cited valuation as the catalyst behind their call.
Raymond James (NYSE:RJF) downgraded Boardwalk Pipeline Partners (BWP) from a “market perform” rating to an “underperform” rating.
Craig Hallum downgraded Haemonetics Co. (HAE) from a “buy” rating to an “accumulate” rating.
Brean Murray downgraded International Coal Group, Inc. (ICO) from a “buy” rating to a “hold” rating.
Craig Hallum downgraded LivePerson Inc (LPSN) from a “buy” rating to an “accumulate” rating.
Societe Generale downgraded Occidental Petroleum Co. (OXY) from a “buy” rating to a “hold” rating. They have a price target of $108.00 on the company. They cited valuation as the catalyst behind their call.
Price Targets on (NETL) (PLCE) (OXY) (PCLN) Updated
Price targets on NetLogic Microsystems, Inc. (NASDAQ: NETL), Children’s Place Retail Stores, Inc. (NASDAQ: PLCE), Occidental Petroleum Co. (NYSE: OXY) and Priceline (NASDAQ: PCLN) were updated today by analysts.
UBS AG (NYSE:UBS) raised their price target on NetLogic Microsystems, Inc. (NETL) to $48.50. They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Children’s Place Retail Stores, Inc. (PLCE) to $59.00. They have a “buy” rating on the company.
Howard Weil raised their price target on Occidental Petroleum Co. (OXY) from $111.00 to $128.00. They have an “outperform” rating on the company.
Piper Jaffray (NYSE:PJC) raised their price target on Priceline (PCLN) to $600.00. They have an “overweight” rating on the company.
UBS AG (NYSE:UBS) raised their price target on NetLogic Microsystems, Inc. (NETL) to $48.50. They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Children’s Place Retail Stores, Inc. (PLCE) to $59.00. They have a “buy” rating on the company.
Howard Weil raised their price target on Occidental Petroleum Co. (OXY) from $111.00 to $128.00. They have an “outperform” rating on the company.
Piper Jaffray (NYSE:PJC) raised their price target on Priceline (PCLN) to $600.00. They have an “overweight” rating on the company.
Monday, May 2, 2011
Price Targets on (OMX) (OXY) (PCLN) (PHM) Updated by Analysts
Officemax Inc (NYSE: OMX), Occidental Petroleum Co. (NYSE: OXY), Priceline (NASDAQ: PCLN) and PulteGroup, Inc. (NYSE: PHM) get price targets updated today by analysts.
Piper Jaffray (NYSE:PJF) cut their price target on Officemax Inc (OMX) from $14.00 to $13.00.
Oppenheimer raised their price target on Occidental Petroleum Co. (OXY) from $105.00 to $125.00. They have an “outperform” rating on the company.
The Benchmark Company raised their price target on Priceline (PCLN) from $570.00 to $660.00. They have a “buy” rating on the company.
Benchmark Co. raised their price target on Priceline (PCLN) from $570.00 to $660.00. They now have a “buy” rating on the company.
Jefferies (NYSE:JEF) raised their price target on PulteGroup, Inc. (PHM) from $8.50 to $9.00.
Piper Jaffray (NYSE:PJF) cut their price target on Officemax Inc (OMX) from $14.00 to $13.00.
Oppenheimer raised their price target on Occidental Petroleum Co. (OXY) from $105.00 to $125.00. They have an “outperform” rating on the company.
The Benchmark Company raised their price target on Priceline (PCLN) from $570.00 to $660.00. They have a “buy” rating on the company.
Benchmark Co. raised their price target on Priceline (PCLN) from $570.00 to $660.00. They now have a “buy” rating on the company.
Jefferies (NYSE:JEF) raised their price target on PulteGroup, Inc. (PHM) from $8.50 to $9.00.
Price Targets on (KBR) (LKQX) (MJN) (OII) (OXY) Updated
Price targets on KBR, Inc. (NYSE: KBR), LKQ Co. (NASDAQ: LKQX), Mead Johnson Nutrition (NYSE: MJN), Oceaneering International (NYSE: OII) and Occidental Petroleum Co. (NYSE: OXY) get updated.
Jefferies (NYSE:JEF) raised their price target on shares of KBR, Inc. (KBR) from $33.00 to $42.00. They have a “hold” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on LKQ Co. (LKQX) from $20.00 to $27.50. They have a “hold” rating on the company.
Deutsche Bank raised their price target on Mead Johnson Nutrition (MJN) from $59.00 to $68.00.
Howard Weil raised their price target on Oceaneering International (OII) from $89.00 to $93.00. They have a “market perform” rating on the company.
Deutsche Bank raised their price target on Occidental Petroleum Co. (OXY) from $120.00 to $125.00.
Jefferies (NYSE:JEF) raised their price target on shares of KBR, Inc. (KBR) from $33.00 to $42.00. They have a “hold” rating on the company.
Deutsche Bank (NYSE:DB) raised their price target on LKQ Co. (LKQX) from $20.00 to $27.50. They have a “hold” rating on the company.
Deutsche Bank raised their price target on Mead Johnson Nutrition (MJN) from $59.00 to $68.00.
Howard Weil raised their price target on Oceaneering International (OII) from $89.00 to $93.00. They have a “market perform” rating on the company.
Deutsche Bank raised their price target on Occidental Petroleum Co. (OXY) from $120.00 to $125.00.
Dividend Yields for (MRO) (EQT) (OXY) (MUR) (SUN)
Indicated dividend yields for Standard & Poor's 500 Index companies Marathon Oil Corp (MRO), EQT Corp (EQT), Occidental Petroleum Corp (OXY), Murphy Oil Corp (MUR) and Sunoco Inc (SUN) .
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Marathon Oil Corp (MRO) has a dividend yield of 1.85 percent on a declared dividend of $0.25. The payout ratio is 25.1 percent.
EQT Corp (EQT) has a dividend yield of 1.67 percent on a declared dividend of $0.22. The payout ratio is 26.9 percent.
Occidental Petroleum Corp (OXY) has a dividend yield of 1.61 percent on a declared dividend of $0.46. The payout ratio is 26.6 percent.
Murphy Oil Corp (MUR) has a dividend yield of 1.42 percent on a declared dividend of $0.28. The payout ratio is 30.4 percent.
Sunoco Inc (SUN) has a dividend yield of 1.41 percent on a declared dividend of $0.15. The payout ratio is 62.3 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
Marathon Oil Corp (MRO) has a dividend yield of 1.85 percent on a declared dividend of $0.25. The payout ratio is 25.1 percent.
EQT Corp (EQT) has a dividend yield of 1.67 percent on a declared dividend of $0.22. The payout ratio is 26.9 percent.
Occidental Petroleum Corp (OXY) has a dividend yield of 1.61 percent on a declared dividend of $0.46. The payout ratio is 26.6 percent.
Murphy Oil Corp (MUR) has a dividend yield of 1.42 percent on a declared dividend of $0.28. The payout ratio is 30.4 percent.
Sunoco Inc (SUN) has a dividend yield of 1.41 percent on a declared dividend of $0.15. The payout ratio is 62.3 percent.
Dividend Winners (CRR) (OXY) (NSC) (CMI) Last Week
Carbo Ceramics Inc. (NYSE:CRR), Occidental Petroleum Corporation (NYSE:OXY), Norfolk Souther Corporation (NYSE:NSC) and Cummins Inc. (CMI) were among the biggest dividend winners last week.
Carbo Ceramics Inc. (CRR) closed at $160.94, down $1.58, or 0.97 percent, but still bringing the dividend to +15.43 percent, gaining 0.50 on Friday.
Occidental Petroleum Corporation (OXY) closed at $114.29, up $9.16, or 8.71 percent, resulting in a the dividend +13.69 percent, or 1.61 percent on Friday.
Norfolk Souther Corporation (NSC) closed at $74.68, bringing the dividend to +12.69 percent for the week and 2.14 percent Friday.
Cummins Inc. (CMI) closed at $120.18, bringing the dividend to +10.32 percent on the week and 0.87 percent Friday.
Carbo Ceramics Inc. (CRR) closed at $160.94, down $1.58, or 0.97 percent, but still bringing the dividend to +15.43 percent, gaining 0.50 on Friday.
Occidental Petroleum Corporation (OXY) closed at $114.29, up $9.16, or 8.71 percent, resulting in a the dividend +13.69 percent, or 1.61 percent on Friday.
Norfolk Souther Corporation (NSC) closed at $74.68, bringing the dividend to +12.69 percent for the week and 2.14 percent Friday.
Cummins Inc. (CMI) closed at $120.18, bringing the dividend to +10.32 percent on the week and 0.87 percent Friday.
Tuesday, April 26, 2011
Silver Wheaton (SLW) (PAAS) (OXY) Upgraded to "Buy"
Shares of commodity companies Silver Wheaton (NYSE:SLW), Pan American Silver Corp (NASDAQ:PAAS) and Occidental Petroleum Co. (NYSE:OXY) have all been upgraded to "Buy" by analysts.
Deutsche Bank (NYSE:DB) upgraded Occidental Petroleum Co. (OXY) from a “Hold” rating to a “Buy” rating. It has a $120.00 price target on the stock, up from $110.00.
Jefferies (NYSE:JEF) upgraded Pan American Silver Corp (PAAS) from a “Hold” rating to a “Buy” rating. It has a $48.00 price target on the stock, up from $37.00.
UBS AG (NYSE:UBS) upgraded Silver Wheaton Corp. (SLW) from a “Neutral” rating to a “Buy” rating according to a research note to investors.
Deutsche Bank (NYSE:DB) upgraded Occidental Petroleum Co. (OXY) from a “Hold” rating to a “Buy” rating. It has a $120.00 price target on the stock, up from $110.00.
Jefferies (NYSE:JEF) upgraded Pan American Silver Corp (PAAS) from a “Hold” rating to a “Buy” rating. It has a $48.00 price target on the stock, up from $37.00.
UBS AG (NYSE:UBS) upgraded Silver Wheaton Corp. (SLW) from a “Neutral” rating to a “Buy” rating according to a research note to investors.
Friday, April 1, 2011
Pickens in BP (BP) (OXY), While Touting (CHK) (DVN) (EOG)
T. Boone Pickens is investing in all angles of the energy play, holding shares of BP (NYSE:BP) and Occidental Petroleum (NYSE:OXY) while pushing the benefits of natural gas, where he holds companies like Chesapeake Energy (NYSE:CHK), Devon Energy (NYSE:DVN) and EOG Resources (NYSE:EOG).
He is also the largest shareholder in Clean Energy Fuels (NASDAQ:CLNE), which focuses on supplying natural gas for vehicles.
Pickens says, “We can get to 8 million 18-wheelers with natural gas in seven years, and that would cut our OPEC oil in half.”
Being very obvious in his pushing of energy in general, as he stands to gain whatever way and pace the market goes and grows, Pickens also said in a recent interview he sees oil rising to $300 a barrel in a decade if the U.S. doesn't change its energy consumption habits.
Whether you agree with Pickens or not, you do have to take things he says with a healthy grain of salt, as he has a huge stake in almost every outcome in the sector, a reason he's been out over the last couple of years being very vocal and available to the media.
He is also the largest shareholder in Clean Energy Fuels (NASDAQ:CLNE), which focuses on supplying natural gas for vehicles.
Pickens says, “We can get to 8 million 18-wheelers with natural gas in seven years, and that would cut our OPEC oil in half.”
Being very obvious in his pushing of energy in general, as he stands to gain whatever way and pace the market goes and grows, Pickens also said in a recent interview he sees oil rising to $300 a barrel in a decade if the U.S. doesn't change its energy consumption habits.
Whether you agree with Pickens or not, you do have to take things he says with a healthy grain of salt, as he has a huge stake in almost every outcome in the sector, a reason he's been out over the last couple of years being very vocal and available to the media.
Thursday, March 31, 2011
Hess (HES) (CNX) (OXY) Shares Rise as Energy Surges
Shares of Hess (NYSE:HES) Consol Energy (NYSE:CNX) and Occidental Petroleum (NYSE:OXY) are all jumping today as the oil price reached its highest level since 2008 and uncertainty surrounding nuclear because of the Japan earthquake disaster has other segments like coal and natural gas looking to increase in demand.
The price of oil continues to rise on the ongoing conflict in Libya, which has pushed the price per barrel past $106 today.
Natural gas prices are also expected to start rising, as they stand at lows because of the large amount of supply. That could level off again as the events around the world settle down.
Hess was trading at $85.35, gaining $1.54, or 1.84 percent, as of 12:19 PM EDT. Consol was trading at $54.45, up $1.14, or 2.14 percent. Occidental was at $105.15, rising $1.39, or 1.34 percent.
The price of oil continues to rise on the ongoing conflict in Libya, which has pushed the price per barrel past $106 today.
Natural gas prices are also expected to start rising, as they stand at lows because of the large amount of supply. That could level off again as the events around the world settle down.
Hess was trading at $85.35, gaining $1.54, or 1.84 percent, as of 12:19 PM EDT. Consol was trading at $54.45, up $1.14, or 2.14 percent. Occidental was at $105.15, rising $1.39, or 1.34 percent.
Wednesday, February 23, 2011
Why Marathon (NYSE:MRO), Hess (NYSE:HES), Occidental Petroleum (NYSE:OXY) Struggling in Strong Energy Environment
Some have been wondering why energy companies like Marathon (NYSE:MRO), Hess (NYSE:HES), Occidental Petroleum (NYSE:OXY) and ConocoPhilips (NYSE:COP) are struggling in an otherwise strong energy market.
The answer is simple: Exposure to Libya.
UBS (NYSE:UBS) says that Marathon Oil has about 12% of overall production coming out of Libya, Hess 6%, ConocoPhillips 3% and Occidental Petroleum 2%.
Even though UBS attempted to sooth the situation, noting that approximately 90 percent of Libyan oil revenue is taken through taxation and royalties, making the impact not as strong as thought.
That didn't impress investors though, who punished the companies because of the Libyan exposure they have.
It's possible that will keep the share prices of the companies under pressure until more clarity and stability emerges.
The answer is simple: Exposure to Libya.
UBS (NYSE:UBS) says that Marathon Oil has about 12% of overall production coming out of Libya, Hess 6%, ConocoPhillips 3% and Occidental Petroleum 2%.
Even though UBS attempted to sooth the situation, noting that approximately 90 percent of Libyan oil revenue is taken through taxation and royalties, making the impact not as strong as thought.
That didn't impress investors though, who punished the companies because of the Libyan exposure they have.
It's possible that will keep the share prices of the companies under pressure until more clarity and stability emerges.
Friday, January 28, 2011
Occidental Petroleum's (NYSE:OXY) California Shale Worth $15-$20 a Share Says Goldman (NYSE:GS)
Goldman Sachs (NYSE:GS) says Occidental Petroleum's (NYSE:OXY) exposure to California shale could be worth from $15 to $20 a share for the company; possibly a lot more.
They changed their EPS estimates for 2011-2015 from $9.00/$12.20/$10.70/$12.70/$15.35 to $8.90/$12.35/$10.75/$12.95/$15.65.
Goldman continues to have Occidental Petroleum OXY) on their "Conviction Buy" list. OXY closed Thursday at $96.97, up $0.03, or 0.03 percent. Goldman has a price target of $111 on OXY.
They changed their EPS estimates for 2011-2015 from $9.00/$12.20/$10.70/$12.70/$15.35 to $8.90/$12.35/$10.75/$12.95/$15.65.
Goldman continues to have Occidental Petroleum OXY) on their "Conviction Buy" list. OXY closed Thursday at $96.97, up $0.03, or 0.03 percent. Goldman has a price target of $111 on OXY.
Wednesday, December 29, 2010
Occidental Petroleum (NYSE:OXY) Still Has Room to Grow
After the acquisition in the North Dakota Bakken it wasn't clear whether or not Occidental Petroleum (NYSE:OXY) was close to reaching its growth limit based on the numbers there.
Susquehanna said there's about 5,500 boepd of production now in Bakken, but may have reserves of 250 million barrels.
They said, "OXY’s new 180,000 acres in the Bakken from a private seller have 5,500 boepd of production now, but OXY thinks it may have a 250 million barrel reserves exposure. That would support replacement of around 8% of OXY’s reserves with high-margin domestic oil. OXY hopes to grow Williston Basin production to around 30,000 boepd over the next five years."
Susquehanna has changed their EPS/EBITDA estimates for full year 2010 and full year 2011 from from $5.43/$11,216 and $6.74/$13,188 to $5.58/$11,419 and $6.62/$12,894.
They have maintained their "Positive" rating on Occidental Petroleum, which was trading at $99.14, up $1.44, or 1.47 percent, as of 11:44 AM EST. Susquehanna raised their price target on them from $98 to $117.
Susquehanna said there's about 5,500 boepd of production now in Bakken, but may have reserves of 250 million barrels.
They said, "OXY’s new 180,000 acres in the Bakken from a private seller have 5,500 boepd of production now, but OXY thinks it may have a 250 million barrel reserves exposure. That would support replacement of around 8% of OXY’s reserves with high-margin domestic oil. OXY hopes to grow Williston Basin production to around 30,000 boepd over the next five years."
Susquehanna has changed their EPS/EBITDA estimates for full year 2010 and full year 2011 from from $5.43/$11,216 and $6.74/$13,188 to $5.58/$11,419 and $6.62/$12,894.
They have maintained their "Positive" rating on Occidental Petroleum, which was trading at $99.14, up $1.44, or 1.47 percent, as of 11:44 AM EST. Susquehanna raised their price target on them from $98 to $117.
Wednesday, December 15, 2010
Goldman (NYSE:GS) Bullish on Occidental Petroleum (NYSE:OXY)
Goldman Sachs (NYSE:GS) continues to be high on Occidental Petroleum (NYSE:OXY), citing a number of recent moves they've made to enhance the company.
Specifically noted was "the acquisition of largely undeveloped acreage in the promising Bakken (North Dakota) oil play from a private company; the acquisition of mature, conventional natural gas properties in South Texas from Royal Dutch Shell; the acquisition of additional interests in two mid-stream holdings; and the sale of its Argentina oil and gas assets to Sinopec."
In response to the deals, Goldman raised their 2011-2015 EPS estimates from $9.30/$12.85/$11.35/$13.20/ $15.25 to $9.40/ $13.45/$11.95/$13.95/$16.10.
Occidental Petroleum also announced they're going to increase their quarterly common dividend by 21%.
Goldman reiterates their "Conviction Buy" on Occidental, which was trading at $94.18, up $0.08, or 0.09 percent, as of 12:07 PM EST.
Specifically noted was "the acquisition of largely undeveloped acreage in the promising Bakken (North Dakota) oil play from a private company; the acquisition of mature, conventional natural gas properties in South Texas from Royal Dutch Shell; the acquisition of additional interests in two mid-stream holdings; and the sale of its Argentina oil and gas assets to Sinopec."
In response to the deals, Goldman raised their 2011-2015 EPS estimates from $9.30/$12.85/$11.35/$13.20/ $15.25 to $9.40/ $13.45/$11.95/$13.95/$16.10.
Occidental Petroleum also announced they're going to increase their quarterly common dividend by 21%.
Goldman reiterates their "Conviction Buy" on Occidental, which was trading at $94.18, up $0.08, or 0.09 percent, as of 12:07 PM EST.
Friday, December 10, 2010
Occidental Petroleum (NYSE:OXY) Changing Focus to Domestic Energy Supply
Occidental Petroleum Corp. (NYSE:OXY) announced Friday they're investing about $3.2 billion in the U.S. energy sector, while divesting of its Argentine properties, which they're selling for $2.5 billion to Sinopec (NYSE:SHI).
In the near term, the sale of their Argentine properties will give a boost to earnings in the first quarter.
A couple of larger domestic deals for Occidental are the acquisition of South Texas from Royal Dutch Shell (NYSE:RDS-A) for $1.8 billion, which will produce about 200 million cubic feet per day of gas equivalent.
The other deal is the acquisition of 180,000 acres in Three Forks and Bakken for $1.4 billion. They are both located in North Dakota.
Occidental added they're going to raise their dividend to $6 cents a quarter, an increase of 21 percent from the 38 cents a quarter they now pay out. That will be effective for the April 15 payment.
The company said their confidence in increasing free cash flow was behind the dividend decision.
Occidental was trading at $92.37, up $1.30, or 1.43 percent, as of 1:09 PM EST.
In the near term, the sale of their Argentine properties will give a boost to earnings in the first quarter.
A couple of larger domestic deals for Occidental are the acquisition of South Texas from Royal Dutch Shell (NYSE:RDS-A) for $1.8 billion, which will produce about 200 million cubic feet per day of gas equivalent.
The other deal is the acquisition of 180,000 acres in Three Forks and Bakken for $1.4 billion. They are both located in North Dakota.
Occidental added they're going to raise their dividend to $6 cents a quarter, an increase of 21 percent from the 38 cents a quarter they now pay out. That will be effective for the April 15 payment.
The company said their confidence in increasing free cash flow was behind the dividend decision.
Occidental was trading at $92.37, up $1.30, or 1.43 percent, as of 1:09 PM EST.
Thursday, October 21, 2010
Occidental Petroleum (NYSE:OXY) Downgraded by Credit Suisse (NYSE:CS)
Credit Suisse (NYSE:CS) lowered its rating on Occidental Petroleum (NYSE:OXY) from "Outperform" to "Neutral," as the company has enjoyed a 29 percent increase in net profit in its latest quarter.
Production soared in the quarter, which in addition to the higher price of oil, increased earnings per share to $1.47, handily beatings analysts' estimates of close to $1.35 a share.
Some analysts believe Occidental will be able to keep up their torrid pace.
The majority of growth for the quarter was in the Middle East/north Africa.
Occidently pulled back to $80.97 on Wednesday, losing $0.23, or 0.28 percent. Credit Suisse lowered their price target from $92 to $89 on them.
Production soared in the quarter, which in addition to the higher price of oil, increased earnings per share to $1.47, handily beatings analysts' estimates of close to $1.35 a share.
Some analysts believe Occidental will be able to keep up their torrid pace.
The majority of growth for the quarter was in the Middle East/north Africa.
Occidently pulled back to $80.97 on Wednesday, losing $0.23, or 0.28 percent. Credit Suisse lowered their price target from $92 to $89 on them.
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