Occidental Petroleum (NYSE:OXY) – Research analysts at Jefferies Group cut their FY2019 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research report issued on Thursday, April 19th. Jefferies Group analyst J. Gammel now forecasts that the oil and gas producer will post earnings of $1.66 per share for the year, down from their previous forecast of $1.76. Jefferies Group also issued estimates for Occidental Petroleum’s FY2020 earnings at $2.50 EPS.
Occidental Petroleum (NYSE:OXY) last posted its quarterly earnings data on Tuesday, February 13th. The oil and gas producer reported $0.41 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.41. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Occidental Petroleum had a net margin of 9.88% and a return on equity of 3.29%. During the same quarter last year, the company posted ($0.13) EPS.
NYSE:OXY opened at $77.24 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 0.95. The company has a market cap of $58,510.92, a P/E ratio of 86.79, a P/E/G ratio of 4.12 and a beta of 0.65. Occidental Petroleum has a fifty-two week low of $57.20 and a fifty-two week high of $78.09.
A number of institutional investors have recently added to or reduced their stakes in the business. Tompkins Financial Corp lifted its holdings in Occidental Petroleum by 1.9% during the 4th quarter. Tompkins Financial Corp now owns 36,177 shares of the oil and gas producer’s stock worth $2,664,000 after buying an additional 661 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of Occidental Petroleum by 3.8% in the 4th 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. raised its holdings in shares of Occidental Petroleum by 25.2% in the 4th 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. raised its holdings in shares of Occidental Petroleum by 1.6% in the 4th 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, Lenox Wealth Management Inc. raised its holdings in shares of Occidental Petroleum by 7.0% in the 4th quarter. Lenox Wealth Management Inc. now owns 12,593 shares of the oil and gas producer’s stock valued at $937,000 after purchasing an additional 824 shares in the last quarter. Institutional investors own 82.74% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Friday, March 9th were issued a dividend of $0.77 per share. The ex-dividend date was Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 3.99%. Occidental Petroleum’s dividend payout ratio (DPR) is presently 346.07%.
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Occidental Petroleum Company Profile
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates through three segments: Oil and Gas, Chemical, 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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