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.

Several other research firms have also recently weighed in on OXY. Cowen began coverage on Occidental Petroleum in a research report on Thursday, November 29th. They set a “market perform” rating and a $80.00 price objective for the company. ValuEngine raised Occidental Petroleum from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Occidental Petroleum from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Citigroup cut Occidental Petroleum from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $80.00 to $72.00 in a research report on Tuesday, February 19th. Finally, Mizuho reaffirmed a “buy” rating and set a $82.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $84.56.

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.

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Earnings History and Estimates for Occidental Petroleum (NYSE:OXY)

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