Occidental Petroleum Corporation (NYSE:OXY) – Capital One Financial Corporation increased their FY2017 EPS estimates for shares of Occidental Petroleum Corporation in a report released on Thursday. Capital One Financial Corporation analyst R. Tullis now forecasts that the oil and gas producer will post earnings per share of $0.49 for the year, up from their previous forecast of $0.45.

Occidental Petroleum Corporation (NYSE:OXY) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.15 EPS for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3 billion. Occidental Petroleum Corporation had a net margin of 0.91% and a return on equity of 0.13%. The firm’s quarterly revenue was up 40.9% compared to the same quarter last year. During the same period last year, the company posted ($0.18) earnings per share.

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Several other equities analysts have also issued reports on the company. Barclays PLC boosted their price objective on Occidental Petroleum Corporation from $35.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday. BidaskClub upgraded Occidental Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC set a $64.00 price objective on Occidental Petroleum Corporation and gave the company a “hold” rating in a research report on Saturday, July 29th. Citigroup Inc. lowered Occidental Petroleum Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $66.00 to $58.00 in a research report on Friday, July 21st. Finally, Cowen and Company set a $75.00 price objective on Occidental Petroleum Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $66.38.

Shares of Occidental Petroleum Corporation (NYSE OXY) opened at 62.09 on Monday. Occidental Petroleum Corporation has a 12-month low of $57.20 and a 12-month high of $78.48. The firm has a market capitalization of $47.70 billion, a PE ratio of 428.21 and a beta of 0.65. The company’s 50 day moving average is $60.32 and its 200 day moving average is $62.88.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, September 11th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend is Friday, September 8th. This is an increase from Occidental Petroleum Corporation’s previous quarterly dividend of $0.76. Occidental Petroleum Corporation’s dividend payout ratio is presently 2,338.46%.

In related news, CFO Cedric W. Burgher acquired 1,700 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was bought at an average price of $59.85 per share, with a total value of $101,745.00. Following the acquisition, the chief financial officer now owns 44,124 shares in the company, valued at approximately $2,640,821.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen I. Chazen sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $60.53, for a total value of $242,120.00. Following the completion of the sale, the director now directly owns 1,460,619 shares of the company’s stock, valued at approximately $88,411,268.07. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Occidental Petroleum Corporation during the first quarter valued at approximately $102,000. Grove Bank & Trust boosted its stake in Occidental Petroleum Corporation by 54.8% in the second quarter. Grove Bank & Trust now owns 1,758 shares of the oil and gas producer’s stock worth $105,000 after buying an additional 622 shares during the period. Mosaic Family Wealth LLC boosted its stake in Occidental Petroleum Corporation by 4.0% in the first quarter. Mosaic Family Wealth LLC now owns 1,887 shares of the oil and gas producer’s stock worth $120,000 after buying an additional 72 shares during the period. Oakworth Capital Inc. boosted its stake in Occidental Petroleum Corporation by 14.7% in the second quarter. Oakworth Capital Inc. now owns 1,952 shares of the oil and gas producer’s stock worth $117,000 after buying an additional 250 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Occidental Petroleum Corporation by 15.6% in the first quarter. Parallel Advisors LLC now owns 1,961 shares of the oil and gas producer’s stock worth $118,000 after buying an additional 264 shares during the period. 81.55% of the stock is owned by institutional investors.

About Occidental Petroleum Corporation

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.

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

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