Occidental Petroleum Co. (NYSE:OXY) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research report issued on Wednesday. Jefferies Group analyst J. Gammel forecasts that the oil and gas producer will earn $0.54 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $66.00 price objective on the stock. Jefferies Group also issued estimates for Occidental Petroleum’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $2.24 EPS, FY2019 earnings at $1.76 EPS and FY2020 earnings at $2.58 EPS.
Occidental Petroleum (NYSE:OXY) last posted its earnings results on Tuesday, February 13th. The oil and gas producer reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The firm had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.54 billion. Occidental Petroleum had a return on equity of 3.29% and a net margin of 9.88%. During the same period last year, the company earned ($0.13) earnings per share.
Shares of Occidental Petroleum (NYSE OXY) opened at $68.16 on Friday. The company has a market capitalization of $52,160.00, a PE ratio of 96.00, a P/E/G ratio of 4.30 and a beta of 0.53. Occidental Petroleum has a 1-year low of $57.20 and a 1-year high of $78.09. The company has a current ratio of 1.12, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45.
The firm also recently declared 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. The ex-dividend date is Thursday, March 8th. This represents a $3.08 dividend on an annualized basis and a yield of 4.52%. Occidental Petroleum’s dividend payout ratio is currently 433.80%.
A number of hedge funds have recently modified their holdings of the business. Goodman Financial Corp purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $116,000. Fis Group Inc. purchased a new position in shares of Occidental Petroleum in the third quarter valued at approximately $126,000. Enterprise Financial Services Corp lifted its position in shares of Occidental Petroleum by 68.5% in the third quarter. Enterprise Financial Services Corp now owns 1,982 shares of the oil and gas producer’s stock valued at $127,000 after acquiring an additional 806 shares in the last quarter. Trustcore Financial Services LLC purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $153,000. Finally, Field & Main Bank purchased a new position in shares of Occidental Petroleum in the fourth quarter valued at approximately $166,000. Institutional investors own 79.98% of the company’s stock.
Occidental Petroleum Company Profile
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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