Occidental Petroleum (NYSE:OXY) announced its quarterly earnings results on Tuesday. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41, Bloomberg Earnings reports. Occidental Petroleum had a net margin of 4.33% and a return on equity of 1.31%. During the same quarter in the prior year, the firm earned ($0.13) EPS.

Occidental Petroleum (OXY) opened at $69.72 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market cap of $53,350.00, a price-to-earnings ratio of 98.20, a price-to-earnings-growth ratio of 4.37 and a beta of 0.53. Occidental Petroleum has a 12-month low of $57.20 and a 12-month high of $78.09.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 9th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Thursday, March 8th. Occidental Petroleum’s dividend payout ratio is presently 433.80%.

A number of analysts recently issued reports on OXY shares. Morgan Stanley increased their price target on shares of Occidental Petroleum from $62.00 to $66.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 18th. Goldman Sachs Group raised shares of Occidental Petroleum from a “neutral” rating to a “buy” rating in a report on Friday, November 17th. Bank of America downgraded shares of Occidental Petroleum from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a report on Thursday, January 4th. They noted that the move was a valuation call. Macquarie started coverage on shares of Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating on the stock. Finally, Cowen set a $85.00 price target on shares of Occidental Petroleum and gave the stock a “buy” rating in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Occidental Petroleum presently has a consensus rating of “Hold” and a consensus price target of $70.07.

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About Occidental Petroleum

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.

Earnings History for Occidental Petroleum (NYSE:OXY)

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