-$0.33 EPS Expected for Occidental Petroleum Co. (NYSE:OXY) This Quarter

Equities analysts expect Occidental Petroleum Co. (NYSE:OXY) to post ($0.33) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Occidental Petroleum’s earnings, with the lowest EPS estimate coming in at ($0.52) and the highest estimate coming in at ($0.01). Occidental Petroleum posted earnings of ($0.52) per share during the same quarter last year, which would suggest a positive year over year growth rate of 36.5%. The company is scheduled to report its next earnings report on Monday, February 22nd.

According to Zacks, analysts expect that Occidental Petroleum will report full-year earnings of ($1.26) per share for the current financial year, with EPS estimates ranging from ($1.73) to $0.03. For the next financial year, analysts anticipate that the business will post earnings of ($0.78) per share, with EPS estimates ranging from ($1.53) to ($0.23). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Occidental Petroleum.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Sunday, February 21st. The oil and gas producer reported ($0.78) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.19). Occidental Petroleum had a negative return on equity of 15.55% and a negative net margin of 76.17%. During the same quarter in the prior year, the firm posted ($0.30) EPS.

Several research firms recently weighed in on OXY. Zacks Investment Research raised shares of Occidental Petroleum from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a report on Tuesday, February 9th. Truist Financial upped their target price on Occidental Petroleum from $11.00 to $25.00 in a report on Thursday, January 21st. Wells Fargo & Company upgraded shares of Occidental Petroleum from an “underweight” rating to an “equal weight” rating and set a $20.00 price objective on the stock in a research report on Tuesday, December 15th. Morgan Stanley upped their target price on Occidental Petroleum from $10.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 11th. Finally, Bank of America increased their price objective on Occidental Petroleum from $29.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, February 8th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.59.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Inscription Capital LLC raised its holdings in Occidental Petroleum by 3.3% during the 4th quarter. Inscription Capital LLC now owns 15,500 shares of the oil and gas producer’s stock worth $268,000 after purchasing an additional 500 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Occidental Petroleum by 3.1% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 16,480 shares of the oil and gas producer’s stock valued at $285,000 after buying an additional 502 shares during the period. Grace Capital raised its position in shares of Occidental Petroleum by 58.5% during the fourth quarter. Grace Capital now owns 1,585 shares of the oil and gas producer’s stock worth $166,000 after purchasing an additional 585 shares during the period. ProShare Advisors LLC raised its holdings in Occidental Petroleum by 0.3% during the fourth quarter. ProShare Advisors LLC now owns 203,350 shares of the oil and gas producer’s stock worth $3,520,000 after buying an additional 663 shares during the last quarter. Finally, GWM Advisors LLC raised its holdings in shares of Occidental Petroleum by 6.0% in the 4th quarter. GWM Advisors LLC now owns 13,018 shares of the oil and gas producer’s stock worth $225,000 after acquiring an additional 740 shares during the last quarter. Institutional investors and hedge funds own 66.64% of the company’s stock.

OXY traded down $0.32 during trading on Tuesday, reaching $26.15. 1,364,073 shares of the company were exchanged, compared to its average volume of 20,473,420. The company has a current ratio of 1.02, a quick ratio of 0.86 and a debt-to-equity ratio of 3.56. Occidental Petroleum has a 52 week low of $8.52 and a 52 week high of $40.55. The firm has a 50 day moving average of $22.44 and a 200 day moving average of $15.63. The stock has a market cap of $24.35 billion, a P/E ratio of -1.45 and a beta of 2.35.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 10th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. Occidental Petroleum’s dividend payout ratio is currently 2.76%.

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, the Middle East, and Latin America. The company operates through three segments: Oil and Gas, Chemical, and Marketing and Midstream.

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Earnings History and Estimates for Occidental Petroleum (NYSE:OXY)

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