Ride Out The Next Market Storm With Occidental Petroleum Corporation (OXY), Vodafone Group Plc (VOD)

    The shares of Occidental Petroleum Corporation (NYSE:OXY) has been pegged with a rating of Equal Weight by Barclays in its latest research note that was published on August 19th, 2019. The research company has also assigned a $61 price target. Barclays wasn’t the only research firm that published a report of Occidental Petroleum Corporation, with other equities research analysts also giving their opinion on the stock. JP Morgan advised investors in its research note published on August 13th, 2019, to Underweight the OXY stock while also putting a $50 price target. The stock had earned In-line rating from Evercore ISI when it published its report on August 12th, 2019. The stock was given Equal-Weight rating by Morgan Stanley in its report released on June 24th, 2019, the day when the price target on the stock was placed at $55. Wells Fargo was of a view that OXY is Market Perform in its latest report on May 21st, 2019. Argus thinks that OXY is worth Hold rating. This was contained in the firm’s report on May 16th, 2019.

    Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 16 believe it has the potential for further growth, thus rating it as Hold while 2 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $60.17. The price of the stock the last time has raised by 4.60% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 37.81.

    The shares of the company dipped by -0.44% during the trading session on Wednesday, reaching a low of $44.17 while ending the day at $45.06. During the trading session, a total of 8.5 million shares were traded which represents a 14.75% incline from the average session volume which is 9.97M shares. OXY had ended its last session trading at 45.26. Occidental Petroleum Corporation currently has a market cap of $39.81B, while its P/E ratio stands at 8.98, while its P/E earnings growth sits at 2.17, with a beta of 0.89. Occidental Petroleum Corporation debt-to-equity ratio currently stands at 0.48, while its quick ratio hovers at 1.00. OXY 52-week low price stands at $43.08 while its 52-week high price is $83.35.

    The company in its last quarterly report recorded $0.84 earnings per share which is above the $0.77 predicted by most analysts. The Occidental Petroleum Corporation generated $4,089.00 million in revenue during the last quarter, which is slightly higher than the $4,020.74 million predicted by analysts. In the second quarter last year, the firm recorded $1.22 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -45.24%. Occidental Petroleum Corporation has the potential to record 5.02 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at Morgan Stanley published a research note on August 7th, 2019 where it informed investors and clients that Vodafone Group Plc (NASDAQ:VOD) is now rated as Overweight. JP Morgan also rated VOD as Resumed on August 13th, 2019, with its price target of $25 suggesting that VOD could surge by 30.63% from its current share price. Even though the stock has been trading at $17.93/share, analysts expect it to surge higher by 1.56% to reach $26.25/share. It started the day trading at $18.28 and traded between $18.14 and $18.21 throughout the trading session.

    A look at its technical shows that VOD’s 50-day SMA is 16.94 while its 200-day SMA stands at 18.16. At the moment, only of Vodafone Group Plc shares were sold short. The company’s average trading volume currently stands at 3.79M shares, which means that the short-interest ratio is just 0.79 days. Over the past seven days, the company moved, with its shift of 1.73%. Looking further, the stock has raised 14.89% over the past 90 days while it lost -0.38% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Renaissance Technologies LLC bought more VOD shares, increasing its portfolio by +13.25% during the last quarter. This move now sees Renaissance Technologies LLC purchasing 2,765,455 shares in the last quarter, thus it now holds 23,640,311 shares of VOD, with a total valuation of $428,362,435. Hotchkis Wiley Capital Manageme meanwhile bought more VOD shares in the recently filed quarter, changing its stake to $405,365,600 worth of shares. T Rowe Price Associates Inc followed the path by increasing its VOD portfolio by +0.22% in the quarter. This means that T Rowe Price Associates Inc bought 30,249 shares in the last quarter and now controls 14,029,325 shares of the VOD stock, with the valuation hitting $254,211,369.

    Similarly, JPMorgan Securities LLC increased its Vodafone Group Plc shares by +180.50% during the recently filed quarter. After buying 5,323,841 shares in the last quarter, the firm now controls 8,273,329 shares of Vodafone Group Plc which are valued at $149,912,721. In the same vein, ACR Alpine Capital Research LLC increased its Vodafone Group Plc shares by during the most recent reported quarter. The firm bought 191,845 shares during the quarter which increased its stakes to 8,253,096 shares and is now valued at $149,546,100. Following these latest developments, around 0.20% of Vodafone Group Plc stocks are owned by institutional investors and hedge funds.