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Wells Fargo Sticks to Its Hold Rating for Occidental Petroleum (OXY)

The Globe and Mail · last updated

Wells Fargo analyst Roger Read maintained a Hold rating on Occidental Petroleum yesterday and set a price target of $46.00. The company’s shares closed yesterday at $45.07.

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Read covers the Energy sector, focusing on stocks such as EOG Resources, Occidental Petroleum, and Ovintiv. According to TipRanks, Read has an average return of 0.9% and a 54.40% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for Occidental Petroleum with a $47.33 average price target, which is a 5.01% upside from current levels. In a report released yesterday, Roth MKM also maintained a Hold rating on the stock with a $46.31 price target.

The company has a one-year high of $64.76 and a one-year low of $34.79. Currently, Occidental Petroleum has an average volume of 11.37M.

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