Occidental Petroleum (NYSE:OXY – Get Free Report) issued its earnings results on Tuesday. The oil and gas producer reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01, Briefing.com reports. Occidental Petroleum had a return on equity of 20.63% and a net margin of 16.24%. The company had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.70 billion. During the same period last year, the business earned $1.09 EPS. Occidental Petroleum’s quarterly revenue was down 17.2% compared to the same quarter last year.
Occidental Petroleum Stock Performance
NYSE OXY opened at $65.07 on Wednesday. Occidental Petroleum has a 1 year low of $55.12 and a 1 year high of $71.18. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $57.68 billion, a PE ratio of 16.64 and a beta of 1.64. The company’s 50 day simple moving average is $64.98 and its two-hundred day simple moving average is $61.34.
Occidental Petroleum Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, June 10th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend is Friday, June 7th. Occidental Petroleum’s dividend payout ratio is presently 22.51%.
Analyst Upgrades and Downgrades
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Occidental Petroleum Company Profile
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 North Africa. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company's Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas.
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