Brokers Set Expectations for Occidental Petroleum Co.’s Q1 2019 Earnings (OXY)
Occidental Petroleum Co. (NYSE:OXY) – Analysts at Oppenheimer issued their Q1 2019 earnings estimates for shares of Occidental Petroleum in a research note issued on Tuesday, March 26th. Oppenheimer analyst T. Rezvan forecasts that the oil and gas producer will post earnings of $0.57 per share for the quarter. Oppenheimer currently has a “Market Perform” rating on the stock. Oppenheimer also issued estimates for Occidental Petroleum’s Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.86 EPS, Q4 2019 earnings at $0.88 EPS, FY2019 earnings at $3.06 EPS, Q1 2020 earnings at $0.84 EPS, Q2 2020 earnings at $0.82 EPS, Q3 2020 earnings at $0.87 EPS, Q4 2020 earnings at $0.90 EPS and FY2020 earnings at $3.43 EPS.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 12th. The oil and gas producer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Occidental Petroleum had a return on equity of 18.17% and a net margin of 21.87%. Occidental Petroleum’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share.
OXY stock opened at $66.35 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.34 and a debt-to-equity ratio of 0.48. The stock has a market cap of $50.28 billion, a PE ratio of 13.24, a PEG ratio of 1.76 and a beta of 0.83. Occidental Petroleum has a fifty-two week low of $56.83 and a fifty-two week high of $87.67.
Hedge funds and other institutional investors have recently modified their holdings of the stock. We Are One Seven LLC acquired a new position in Occidental Petroleum during the fourth quarter valued at approximately $25,000. Country Trust Bank raised its stake in Occidental Petroleum by 434.6% in the fourth quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock valued at $26,000 after buying an additional 339 shares during the period. Pinnacle Bank bought a new stake in Occidental Petroleum in the fourth quarter valued at approximately $28,000. Heritage Trust Co raised its stake in Occidental Petroleum by 496.2% in the fourth quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock valued at $29,000 after buying an additional 387 shares during the period. Finally, Sontag Advisory LLC bought a new stake in Occidental Petroleum in the fourth quarter valued at approximately $32,000. 84.08% of the stock is owned by hedge funds and other institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 11th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $3.12 annualized dividend and a yield of 4.70%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 62.28%.
About Occidental Petroleum
Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil & Gas, Chemical and Midstream & Marketing. The Oil & Gas segment explores for, develops and produces oil and condensate, natural gas liquids and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls.
Receive News & Ratings for Occidental Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Occidental Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.