Brokerages expect Occidental Petroleum Co. (NYSE:OXY) to post earnings per share (EPS) of $0.66 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Occidental Petroleum’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.87. Occidental Petroleum reported earnings per share of $0.15 during the same quarter last year, which indicates a positive year over year growth rate of 340%. The firm is scheduled to announce its next earnings results on Thursday, May 3rd.
On average, analysts expect that Occidental Petroleum will report full-year earnings of $2.59 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $3.26. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.67 per share, with EPS estimates ranging from $1.76 to $3.88. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Occidental Petroleum.
Occidental Petroleum (NYSE:OXY) last announced its quarterly earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.41. The business had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. During the same period in the previous year, the firm earned ($0.13) EPS.
A number of equities analysts have commented on OXY shares. Goldman Sachs Group raised Occidental Petroleum from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Bank of America cut Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research note on Thursday, January 4th. They noted that the move was a valuation call. Macquarie started coverage on Occidental Petroleum in a research note on Wednesday, January 17th. They issued a “neutral” rating on the stock. Cowen set a $85.00 price target on Occidental Petroleum and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Jefferies Group lifted their price target on Occidental Petroleum from $62.00 to $66.00 and gave the stock a “hold” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Occidental Petroleum currently has an average rating of “Hold” and an average target price of $70.60.
Institutional investors and hedge funds have recently bought and sold shares of the company. Tompkins Financial Corp boosted its position in shares of Occidental Petroleum by 1.9% during the fourth quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock valued at $2,664,000 after purchasing an additional 661 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Occidental Petroleum by 3.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 18,357 shares of the oil and gas producer’s stock valued at $1,352,000 after purchasing an additional 679 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Occidental Petroleum by 25.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,549 shares of the oil and gas producer’s stock valued at $261,000 after purchasing an additional 714 shares in the last quarter. Hermes Investment Management Ltd. boosted its position in shares of Occidental Petroleum by 1.6% during the fourth quarter. Hermes Investment Management Ltd. now owns 45,172 shares of the oil and gas producer’s stock valued at $3,327,000 after purchasing an additional 720 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its position in shares of Occidental Petroleum by 68.5% during the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after purchasing an additional 806 shares in the last quarter. 79.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Occidental Petroleum (NYSE:OXY) traded up $0.71 during trading on Thursday, reaching $67.92. The company’s stock had a trading volume of 3,790,000 shares, compared to its average volume of 4,510,000. The company has a quick ratio of 0.95, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap of $51,980.00, a PE ratio of 95.66, a P/E/G ratio of 4.03 and a beta of 0.53. Occidental Petroleum has a 1-year low of $57.20 and a 1-year high of $78.09.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 9th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $3.08 annualized dividend and a dividend yield of 4.53%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 433.80%.
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Occidental Petroleum Company Profile
Occidental Petroleum Corporation (Occidental) is an oil and gas exploration and production company. The Company operates through three segments: oil and gas, chemical (OxyChem), and midstream and marketing. The oil and gas segment explores for, develops and produces oil and condensate, natural gas liquids (NGLs) and natural gas.
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