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Barclays Sticks to Its Hold Rating for Occidental Petroleum (OXY)

Tipranks - Sat Apr 18, 3:20AM CDT

In a report released today, Betty Jiang from Barclays maintained a Hold rating on Occidental Petroleum, with a price target of $59.00.

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Jiang covers the Energy sector, focusing on stocks such as Diamondback, Exxon Mobil, and APA. According to TipRanks, Jiang has an average return of 4.6% and a 50.00% success rate on recommended stocks.

In addition to Barclays, Occidental Petroleum also received a Hold from J.P. Morgan’s Arun Jayaram in a report issued on April 15. However, on April 9, Wells Fargo maintained a Buy rating on Occidental Petroleum (NYSE: OXY).

Based on Occidental Petroleum’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.01 billion and a net profit of $102 million. In comparison, last year the company earned a revenue of $6.92 billion and had a GAAP net loss of $125 million

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