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.
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.
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