Stocks to Watch: Occidental Petroleum Corporation (OXY), VICI Properties Inc. (VICI)

You should consider shares of Occidental Petroleum Corporation (NYSE:OXY) and VICI Properties Inc. (NYSE:VICI) if you are looking for a great stocks to invest in. Starting with the OXY shares, which traded at $47.26 at the close of the recent session, gaining 0.04%. On Wednesday, the company’s shares shed $0.02 from its value which represented in intraday trading. The stock is now 14.68% higher in year-to-date (YTD) trading. OXY’s intraday high was $47.51 while its lowest price touched $46.80. The stock’s 52-week high price is $68.83, which means the current price is at -31.34%. In terms of trading activity, the daily trading volume fell to 6920726 against 200-day average trading volume of 10,147,054 shares.

What are analyst forecasts for Occidental Petroleum Corporation (NYSE:OXY)?

At a consensus rating of 3.33, OXY is trending as a streaking Hold, as it has been the case a month ago when 20 analysts called it a Hold. Two months ago, 20 analysts recommended, on average, that OXY stock is a Hold. The Basic Materials company’s shares’ overall bullish trend saw it close higher on Wednesday compared to its opening price of $47.15 on the day.

Forecasts for Occidental Petroleum Corporation (NYSE:OXY) give the stock a fair value for the growth of 5.48% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $50.00, which means the price per share could rise by nearly $2.74. The price range target is between a low of $40.00 and a high of $80.00. The stock would need to gain by about $40.92 to hit the estimated high or 0.79% from its 12-month low.

The consensus among 26 analysts is that it is a good time for one to Hold in the Occidental Petroleum Corporation. 7 analysts rate OXY as a Buy, with 1 of 26 analysts rate it as a Sell. 0 have valued the stock as Overweight and 18 have recommended that investors Hold.

Occidental Petroleum Corporation (NYSE:OXY) Upgrades and Downgrades

In terms of rating changes, Morgan Stanley on January 13, 2020, Upgrade Occidental Petroleum Corporation (OXY) at Overweight. They believe the stock could reach $59 in the near term. Analysts at Mizuho have assigned a Buy rating for the stock in their research note on January 08, 2020 with an estimated price target of $58. Moreover, Tudor Pickering analysts issued a rating of Hold for the stock on January 03, 2020, giving it a price target of $41 for the next 12 months. On November 11, 2019, the stock earned a Sell rating due to an analyst call from Tudor Pickering, while analysts from SunTrust on September 23, 2019 suggested that the stock is Hold.

VICI Properties Inc. (NYSE:VICI) adds $0.51 on Wednesday

The VICI stock has risen 1.68% year-to-date and is currently trading at $25.98, which is 1.25% below its 52-week high. The company shares gained 2.00% on the day and have risen nearly 27.29% off a low hit. At current levels, VICI Properties Inc. has a valuation of about $883.30M. As of 01/15/20, this stock has risen 3.51% during the week and closed at $25.47 in the previous session. However, recent VICI Properties Inc. stock performance shows that VICI shares are 6.78% up over the last month, and 12.37% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $0.37, with the trailing 12-month share earnings at $1.42. The ratio is expected to be down by -2.10% for the current year 2019 and 16.40% for next year. Over the next 5-year period, earnings per share will be 6.80%. But will the VICI stock surprise in the current quarter results, where the $0.31 actual EPS reported on 9/29/2019 surprised by -6.10% or was lower by -$0.02 from the estimated $0.33.

Sales Growth to climb 29.40% for the year

How well will VICI Properties Inc. perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $225.3M and $239.6M in current quarter sales. The consensus estimated for the current quarter is $234.13M from sales. Forecasts for this fiscal year are between $864.24M and $896.8M and the consensus estimate for sales is at $889.56M. VICI has its next quarter sales estimates at between $235.01M and $258.37M, with the quarter-over-quarter growth estimates at 10.60% and the annual growth forecast for the year at 29.40%.

Who owns shares in VICI Properties Inc. (VICI)?

Let’s briefly focus on the share ownership of the VICI Properties Inc. (NYSE:VICI) stock, where we find that 116.82% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 55.53 million shares or 12.04% of shares outstanding. Cohen & Steers Inc. and Blackrock Inc. held 51.86 million and 34.18 million representing 11.25% and 7.42% respectively at the close of the last trading session. As of Sep 29, 2019, Allianz Asset Management GmbH accounted for 28.44 million shares at over 644.08 million. This represented 6.17% of shares outstanding. FMR, LLC held 22.81 million shares at over 516.6 million representing 4.95% of shares outstanding.

VICI Insider Activity

On 8/13/2019, Chief Executive Officer by the name Pitoniak Edward Baltazar bought 15200.0 shares worth $323600.0 at the price of $21.29 per share. Filings also show that Payne John W R bought a total of 10635.0 shares on 8/09/2019 valued at $225200.0. Since the last insider activity, the company’s share price has climbed 22.72%.