Occidental Petroleum (OXY) Posts Quarterly Earnings Results, Meets Expectations

Occidental Petroleum (NYSE:OXY) issued its quarterly earnings data on Tuesday. The oil and gas producer reported $0.41 EPS for the quarter, meeting the consensus estimate of $0.41, Bloomberg Earnings reports. Occidental Petroleum had a return on equity of 1.31% and a net margin of 4.33%. During the same quarter last year, the firm posted ($0.13) earnings per share.

Occidental Petroleum (NYSE:OXY) opened at $69.72 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.11 and a quick ratio of 0.95. Occidental Petroleum has a 12-month low of $57.20 and a 12-month high of $78.09. The stock has a market capitalization of $53,350.00, a price-to-earnings ratio of 98.20, a P/E/G ratio of 4.48 and a beta of 0.53.

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

Several analysts have recently commented on the company. Morgan Stanley increased their price objective on Occidental Petroleum from $66.00 to $84.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Citigroup upgraded Occidental Petroleum from a “sell” rating to a “neutral” rating and set a $73.00 price objective for the company in a report on Monday, January 22nd. Cowen set a $85.00 price objective on Occidental Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. Macquarie started coverage on Occidental Petroleum in a report on Wednesday, January 17th. They set a “neutral” rating for the company. Finally, Mizuho set a $79.00 target price on Occidental Petroleum and gave the company a “hold” rating in a research report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price 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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