Occidental Petroleum Co. (NYSE:OXY) – Analysts at Piper Jaffray Companies dropped their Q2 2019 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research note issued to investors on Tuesday, May 14th. Piper Jaffray Companies analyst R. Todd now anticipates that the oil and gas producer will post earnings of $1.21 per share for the quarter, down from their prior forecast of $1.35. Piper Jaffray Companies also issued estimates for Occidental Petroleum’s Q3 2019 earnings at $1.33 EPS, Q4 2019 earnings at $1.19 EPS, FY2019 earnings at $4.57 EPS, Q1 2020 earnings at $1.13 EPS, Q2 2020 earnings at $1.09 EPS, Q3 2020 earnings at $1.04 EPS, Q4 2020 earnings at $0.99 EPS and FY2020 earnings at $4.24 EPS.
Occidental Petroleum (NYSE:OXY) last issued its earnings results on Sunday, May 5th. The oil and gas producer reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.02 billion. Occidental Petroleum had a net margin of 21.17% and a return on equity of 17.70%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS.
OXY stock opened at $52.76 on Friday. Occidental Petroleum has a 12-month low of $52.62 and a 12-month high of $87.67. The stock has a market capitalization of $39.74 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.78 and a beta of 0.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.23.
Institutional investors and hedge funds have recently made changes to their positions in the company. We Are One Seven LLC bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $25,000. Country Trust Bank boosted its stake in shares of Occidental Petroleum by 434.6% during the 4th quarter. Country Trust Bank now owns 417 shares of the oil and gas producer’s stock valued at $26,000 after purchasing an additional 339 shares in the last quarter. Pinnacle Bank bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $28,000. Heritage Trust Co boosted its stake in shares of Occidental Petroleum by 496.2% during the 4th quarter. Heritage Trust Co now owns 465 shares of the oil and gas producer’s stock valued at $29,000 after purchasing an additional 387 shares in the last quarter. Finally, Sontag Advisory LLC bought a new stake in shares of Occidental Petroleum during the 4th quarter valued at about $32,000. 84.05% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date is Friday, June 7th. Occidental Petroleum’s payout ratio is 62.28%.
About Occidental Petroleum
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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