Occidental Petroleum Corporation (OXY) to Issue $0.76 Quarterly Dividend
Occidental Petroleum Corporation (NYSE:OXY) announced a quarterly dividend on Thursday, February 16th. Investors of record on Friday, March 10th will be paid a dividend of 0.76 per share on Friday, April 14th. This represents a $3.04 annualized dividend and a dividend yield of 4.58%.
Shares of Occidental Petroleum Corporation (NYSE:OXY) opened at 66.44 on Friday. The company’s market cap is $50.77 billion. Occidental Petroleum Corporation has a one year low of $64.37 and a one year high of $78.48. The company has a 50 day moving average price of $68.85 and a 200 day moving average price of $71.57.
Occidental Petroleum Corporation (NYSE:OXY) last announced its quarterly earnings results on Thursday, February 9th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.10. Occidental Petroleum Corporation had a negative return on equity of 3.40% and a negative net margin of 5.52%. The company earned $2.83 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the firm earned ($0.17) EPS. Occidental Petroleum Corporation’s quarterly revenue was down .6% on a year-over-year basis. Equities research analysts expect that Occidental Petroleum Corporation will post $1.23 earnings per share for the current year.
A number of equities analysts have recently commented on the company. BMO Capital Markets lowered Occidental Petroleum Corporation from an “outperform” rating to a “market perform” rating and set a $70.00 price objective on the stock. in a research note on Wednesday, January 11th. They noted that the move was a valuation call. Mizuho upgraded Occidental Petroleum Corporation from a “neutral” rating to an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. Bank of America Corporation lowered Occidental Petroleum Corporation from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 4th. Goldman Sachs Group, Inc. (The) upgraded Occidental Petroleum Corporation from a “sell” rating to a “neutral” rating and set a $75.00 price objective on the stock in a research note on Friday, December 16th. Finally, Barclays PLC dropped their price objective on Occidental Petroleum Corporation from $63.00 to $62.00 and set an “underweight” rating on the stock in a research note on Thursday, January 26th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $72.96.
In related news, Director Stephen I. Chazen sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $69.94, for a total transaction of $279,760.00. Following the transaction, the director now directly owns 1,577,619 shares in the company, valued at $110,338,672.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen I. Chazen sold 2,000 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $69.12, for a total value of $138,240.00. Following the transaction, the director now owns 1,581,619 shares in the company, valued at $109,321,505.28. The disclosure for this sale can be found here. Insiders have sold 52,000 shares of company stock worth $3,620,220 over the last 90 days. Corporate insiders own 0.35% of the company’s stock.
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Occidental Petroleum Corporation Company Profile
Occidental Petroleum Corporation 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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