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January 31, 2022

Capital One Financial Analysts Lower Earnings Estimates for W. P. Carey Inc. (NYSE:WPC)

W. P. Carey Inc. (NYSE:WPC) – Equities researchers at Capital One Financial cut their Q1 2022 EPS estimates for shares of W. P. Carey in a report released on Thursday, January 27th. Capital One Financial analyst C. Lucas now forecasts that the real estate investment trust will post earnings per share of $1.22 for the quarter, down from their previous estimate of $1.27. Capital One Financial also issued estimates for W. P. Carey’s Q2 2022 earnings at $1.23 EPS, Q4 2022 earnings at $1.28 EPS, Q1 2023 earnings at $1.28 EPS, Q2 2023 earnings at $1.27 EPS, Q4 2023 earnings at $1.30 EPS, FY2024 earnings at $5.19 EPS and FY2025 earnings at $5.23 EPS.

Several other research firms have also weighed in on WPC. Royal Bank of Canada lowered their target price on shares of W. P. Carey from $89.00 to $87.00 and set an “outperform” rating on the stock in a report on Monday, November 1st. Bank of America upgraded shares of W. P. Carey from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 20th. Finally, Zacks Investment Research downgraded shares of W. P. Carey from a “buy” rating to a “hold” rating in a research report on Tuesday, October 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $86.50.

WPC opened at $77.08 on Monday. The firm’s 50-day simple moving average is $79.10 and its 200-day simple moving average is $78.11. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.16 and a current ratio of 0.16. W. P. Carey has a twelve month low of $66.10 and a twelve month high of $83.19. The firm has a market cap of $14.36 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 7.29 and a beta of 0.74. W. P. Carey (NYSE:WPC) last announced its quarterly earnings results on Thursday, October 28th. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.48). W. P. Carey had a net margin of 35.21{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 6.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business had revenue of $325.80 million during the quarter, compared to the consensus estimate of $322.64 million. During the same period last year, the firm earned $1.15 EPS. The company’s quarterly revenue was up 7.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year.

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Several large investors have recently made changes to their positions in WPC. Sterling Financial Planning Inc. acquired a new stake in shares of W. P. Carey in the 3rd quarter valued at approximately $27,000. TimeScale Financial Inc. acquired a new stake in shares of W. P. Carey in the 4th quarter valued at approximately $28,000. Tompkins Financial Corp acquired a new stake in shares of W. P. Carey in the 3rd quarter valued at approximately $30,000. Wagner Wealth Management LLC raised its position in shares of W. P. Carey by 65.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Wagner Wealth Management LLC now owns 495 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 195 shares during the period. Finally, Penserra Capital Management LLC raised its position in shares of W. P. Carey by 33.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Penserra Capital Management LLC now owns 571 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 58.73{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Shareholders of record on Friday, December 31st were given a dividend of $1.055 per share. The ex-dividend date was Thursday, December 30th. This is an increase from W. P. Carey’s previous quarterly dividend of $1.05. This represents a $4.22 dividend on an annualized basis and a yield of 5.47{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. W. P. Carey’s dividend payout ratio is presently 171.54{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

W. P. Carey Company Profile

W.P. Carey, Inc operates as a real estate investment trust. It operates through two segment: Real Estate Ownership and Investment Management. The Real Estate Ownership segment owns and invests in commercial real estate properties. The Investment Management segment structures and negotiates investments and debt placement transactions for the real estate investment trusts, and manages portfolios of real estate investments.

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January 24, 2022

Capital One Financial Analysts Reduce Earnings Estimates for Schlumberger Limited (NYSE:SLB)

Schlumberger Limited (NYSE:SLB) – Investment analysts at Capital One Financial reduced their FY2022 earnings per share (EPS) estimates for shares of Schlumberger in a note issued to investors on Friday, January 21st. Capital One Financial analyst L. Lemoine now expects that the oil and gas company will earn $1.78 per share for the year, down from their prior forecast of $1.83. Schlumberger (NYSE:SLB) last released its quarterly earnings results on Friday, January 21st. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.02. Schlumberger had a net margin of 7.44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 11.90{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm had revenue of $6.23 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 12.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis.

Several other equities research analysts have also recently weighed in on SLB. Oddo Bhf began coverage on shares of Schlumberger in a research report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price objective for the company. Barclays reiterated an “overweight” rating and set a $48.00 price objective (up from $38.00) on shares of Schlumberger in a research report on Monday, October 25th. Oddo Securities began coverage on shares of Schlumberger in a research report on Thursday, October 14th. They set an “outperform” rating and a $44.50 price objective for the company. Benchmark began coverage on shares of Schlumberger in a research report on Friday, November 19th. They set a “hold” rating for the company. Finally, Zacks Investment Research cut shares of Schlumberger from a “buy” rating to a “hold” rating and set a $36.00 price objective for the company. in a research report on Wednesday, October 27th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $35.00.

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SLB opened at $36.36 on Monday. Schlumberger has a twelve month low of $21.23 and a twelve month high of $38.53. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.05. The company has a fifty day moving average of $31.82 and a 200-day moving average of $30.61. The stock has a market cap of $51.00 billion, a PE ratio of 31.08 and a beta of 2.29.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC increased its holdings in Schlumberger by 39.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. FMR LLC now owns 24,128,312 shares of the oil and gas company’s stock worth $772,337,000 after acquiring an additional 6,878,959 shares during the period. Clearbridge Investments LLC increased its holdings in Schlumberger by 32,434.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 2nd quarter. Clearbridge Investments LLC now owns 6,022,064 shares of the oil and gas company’s stock worth $192,766,000 after acquiring an additional 6,003,554 shares during the period. Deutsche Bank AG increased its holdings in Schlumberger by 31.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Deutsche Bank AG now owns 20,260,955 shares of the oil and gas company’s stock worth $600,534,000 after acquiring an additional 4,796,866 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Schlumberger by 82,708.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,858,230 shares of the oil and gas company’s stock worth $59,482,000 after buying an additional 1,855,986 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in shares of Schlumberger by 447.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. 1832 Asset Management L.P. now owns 2,015,458 shares of the oil and gas company’s stock worth $64,147,000 after buying an additional 1,647,300 shares during the last quarter. 74.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

In other news, insider Dianne B. Ralston sold 12,885 shares of the business’s stock in a transaction that occurred on Wednesday, December 8th. The shares were sold at an average price of $31.04, for a total value of $399,950.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 7th. Stockholders of record on Wednesday, February 9th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Tuesday, February 8th. Schlumberger’s dividend payout ratio (DPR) is currently 42.74{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Schlumberger Company Profile

Schlumberger NV engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. It operates through the following business segments: Digital and Integration; Reservoir Performance; Well Construction; and Production Systems. The Digital and Integration segment combines the company’s software and seismic businesses with its integrated offering of asset performance solutions.

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January 20, 2022

Truist Financial Analysts Lift Earnings Estimates for Safehold Inc. (NYSE:SAFE)

Safehold Inc. (NYSE:SAFE) – Investment analysts at Truist Financial boosted their Q2 2022 earnings estimates for shares of Safehold in a research report issued to clients and investors on Tuesday, January 18th. Truist Financial analyst K. Kim now forecasts that the company will post earnings of $0.43 per share for the quarter, up from their previous forecast of $0.40. Truist Financial also issued estimates for Safehold’s Q3 2022 earnings at $0.47 EPS, Q4 2022 earnings at $0.49 EPS, FY2022 earnings at $1.81 EPS, FY2023 earnings at $2.12 EPS, FY2024 earnings at $2.38 EPS, FY2025 earnings at $2.63 EPS and FY2026 earnings at $2.83 EPS.

Separately, Zacks Investment Research upgraded shares of Safehold from a “hold” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Saturday, December 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $85.41.

Safehold stock opened at $68.48 on Wednesday. The company has a market cap of $3.87 billion, a P/E ratio of 53.92 and a beta of -0.27. The business has a 50-day simple moving average of $73.20. Safehold has a 1 year low of $66.36 and a 1 year high of $95.29. Safehold (NYSE:SAFE) last posted its quarterly earnings results on Thursday, October 21st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.03. Safehold had a net margin of 38.37{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 4.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company had revenue of $47.28 million for the quarter, compared to the consensus estimate of $47.12 million. During the same period last year, the firm posted $0.28 EPS.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Monday, January 3rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 31st. This represents a $0.68 annualized dividend and a dividend yield of 0.99{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Safehold’s dividend payout ratio is currently 53.54{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

In other news, major shareholder Istar Inc. bought 6,287 shares of the company’s stock in a transaction dated Monday, January 3rd. The shares were acquired at an average cost of $79.51 per share, with a total value of $499,879.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders bought 250,029 shares of company stock worth $18,437,190. 1.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of SAFE. NewEdge Wealth LLC boosted its holdings in shares of Safehold by 154.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the third quarter. NewEdge Wealth LLC now owns 1,277,803 shares of the company’s stock worth $91,861,000 after purchasing an additional 776,597 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Safehold by 35.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Price T Rowe Associates Inc. MD now owns 892,404 shares of the company’s stock worth $70,054,000 after purchasing an additional 234,517 shares during the period. Hood River Capital Management LLC acquired a new stake in shares of Safehold during the third quarter worth approximately $16,143,000. Alliancebernstein L.P. lifted its stake in Safehold by 21.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Alliancebernstein L.P. now owns 1,092,787 shares of the company’s stock valued at $78,560,000 after acquiring an additional 195,805 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Safehold by 7.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. Vanguard Group Inc. now owns 2,527,374 shares of the company’s stock valued at $198,399,000 after acquiring an additional 178,443 shares during the last quarter. Institutional investors and hedge funds own 25.61{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

Safehold Company Profile

Safehold Inc operates as a real estate investment trust, which focuses on acquiring, owning, managing and capitalizing ground leases. It seeks to provide safe & growing income, as well as capital appreciation to shareholders by building a diversified portfolio of ground leases. The firm’s property is generally leased on a triple net basis with the tenant responsible for taxes, maintenance and insurance, as well as all operating costs and capital expenditures.

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January 13, 2022

National Bank Financial Analysts Reduce Earnings Estimates for Manulife Financial Co. (NYSE:MFC)

Manulife Economic Co. (NYSE:MFC) (TSE:MFC) – Equities investigate analysts at Countrywide Financial institution Fiscal lessened their FY2021 earnings estimates for shares of Manulife Monetary in a investigate report issued on Tuesday, January 11th. Nationwide Bank Fiscal analyst G. Dechaine now anticipates that the money companies supplier will submit earnings of $2.54 for each share for the calendar year, down from their prior forecast of $2.58. Countrywide Bank Monetary currently has a “Sector Conduct” score and a $28.00 concentrate on value on the inventory. Manulife Monetary (NYSE:MFC) (TSE:MFC) previous posted its quarterly earnings benefits on Wednesday, November 3rd. The financial services provider described $.60 EPS for the quarter, lacking the Zacks’ consensus estimate of $.65 by ($.05). The firm experienced income of $12.69 billion in the course of the quarter.

Many other equities analysts also not too long ago issued reviews on MFC. CIBC downgraded Manulife Monetary from a “neutral” ranking to a “sector underperform” ranking in a research report on Thursday, December 16th. TD Securities upped their selling price concentrate on on Manulife Money from C$36.00 to C$37.00 and gave the organization a “get” ranking in a report on Tuesday, November 16th. Scotiabank upped their selling price concentrate on on Manulife Fiscal from C$28.00 to C$30.00 and gave the corporation a “sector perform” ranking in a report on Tuesday, November 16th. At last, Credit score Suisse Team upped their value target on Manulife Monetary from C$26.00 to C$28.00 and gave the enterprise a “neutral” rating in a report on Tuesday, November 16th. Just one analyst has rated the inventory with a offer rating, six have issued a hold rating and four have assigned a buy score to the inventory. Primarily based on data from MarketBeat.com, Manulife Economic presently has an regular ranking of “Keep” and an typical focus on value of $29.50.

Shares of MFC inventory opened at $20.63 on Thursday. The small business has a 50 day moving average of $19.20 and a two-hundred working day moving normal of $19.44. Manulife Economic has a 52 week small of $17.66 and a 52 week significant of $22.25. The business has a market cap of $40.08 billion, a P/E ratio of 7.61, a PEG ratio of .70 and a beta of 1.33.

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A quantity of large buyers have not long ago modified their holdings of MFC. Foster & Motley Inc. lifted its situation in Manulife Money by 6.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through the 3rd quarter. Foster & Motley Inc. now owns 151,430 shares of the economic providers provider’s inventory worth $2,914,000 right after getting an more 9,027 shares throughout the previous quarter. The Suppliers Lifetime Insurance coverage Enterprise lifted its situation in Manulife Fiscal by 15.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} through the 2nd quarter. The Companies Lifestyle Insurance policies Company now owns 1,878,297 shares of the economic companies provider’s stock truly worth $45,830,000 right after acquiring an more 246,487 shares throughout the very last quarter. Fieldpoint Private Securities LLC lifted its position in Manulife Financial by 35.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} throughout the 2nd quarter. Fieldpoint Private Securities LLC now owns 2,802 shares of the money services provider’s stock worthy of $56,000 immediately after getting an supplemental 740 shares for the duration of the final quarter. Comerica Financial institution lifted its place in Manulife Money by .7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} throughout the 2nd quarter. Comerica Bank now owns 124,715 shares of the fiscal companies provider’s stock worth $2,410,000 right after attaining an added 832 shares in the course of the previous quarter. At last, Midwest Prosperity Administration Inc. lifted its posture in Manulife Monetary by 9.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the 2nd quarter. Midwest Prosperity Management Inc. now owns 60,488 shares of the fiscal expert services provider’s inventory well worth $1,192,000 right after attaining an more 5,097 shares during the last quarter. Hedge resources and other institutional buyers own 46.76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s inventory.

The organization also just lately disclosed a quarterly dividend, which was paid on Monday, December 20th. Buyers of record on Wednesday, December 1st ended up issued a $.226 dividend. The ex-dividend date of this dividend was Tuesday, November 30th. This is a boost from Manulife Financial’s earlier quarterly dividend of $.22. This signifies a $.90 dividend on an annualized basis and a produce of 4.38{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Manulife Financial’s dividend payout ratio is now 38.01{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Manulife Fiscal

Manulife Monetary Corp. engages in the provision of economic expert services. It operates by the following segments: Asia, Canada, U.S., World-wide Prosperity and Asset Management, and Corporate and Other. The Asia phase refers to coverage and insurance coverage-based wealth accumulation products in Asia. The Canada phase presents insurance policies-based mostly prosperity accumulation items and banking providers in Canada.

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January 10, 2022

Capital One Financial Analysts Cut Earnings Estimates for Enerplus Co. (TSE:ERF)

Enerplus Co. (TSE:ERF) (NYSE:ERF) – Investigate analysts at Capital A person Fiscal decreased their Q1 2022 EPS estimates for Enerplus in a report issued on Wednesday, January 5th. Money Just one Money analyst B. Velie now anticipates that the oil and normal gasoline organization will gain $.62 for every share for the quarter, down from their prior estimate of $.67. Money One particular Monetary also issued estimates for Enerplus’ Q2 2022 earnings at $.62 EPS and Q4 2022 earnings at $.67 EPS. Enerplus (TSE:ERF) (NYSE:ERF) previous posted its quarterly earnings details on Thursday, November 4th. The oil and organic gasoline organization noted C$.41 earnings for each share for the quarter, missing analysts’ consensus estimates of C$.48 by C($.07). The business experienced earnings of C$452.27 million for the quarter.

A number of other equities study analysts have also weighed in on ERF. TD Securities elevated their price tag objective on shares of Enerplus from C$13.00 to C$14.00 and gave the inventory a “invest in” ranking in a exploration note on Friday, November 5th. Countrywide Bankshares lifted their value focus on on shares of Enerplus from C$17.00 to C$19.00 in a exploration note on Thursday. Scotiabank lifted their selling price concentrate on on shares of Enerplus from C$13.50 to C$15.00 in a exploration note on Friday, November 19th. Raymond James raised their value target on shares of Enerplus from C$15.00 to C$15.50 and gave the enterprise an “outperform” ranking in a analysis be aware on Friday, November 5th. Finally, BMO Money Marketplaces elevated their value concentrate on on shares of Enerplus from C$14.00 to C$15.00 and gave the enterprise a “na” rating in a investigation take note on Friday, November 5th. Eight expenditure analysts have rated the inventory with a purchase rating, According to MarketBeat.com, the company has an typical ranking of “Obtain” and a consensus target price tag of C$15.05.

ERF opened at C$14.07 on Monday. The company has a market cap of C$3.59 billion and a price-to-earnings ratio of -24.99. Enerplus has a fifty-two 7 days minimal of C$3.94 and a fifty-two 7 days higher of C$14.44. The company’s 50-working day going ordinary selling price is C$12.79 and its 200 day relocating common price is C$10.09. The firm has a rapid ratio of .44, a present-day ratio of .45 and a personal debt-to-fairness ratio of 165.66.

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In other Enerplus news, Senior Officer Ian Charles Dundas acquired 5,000 shares of Enerplus inventory in a transaction that happened on Friday, November 19th. The inventory was procured at an normal price of C$12.04 per share, for a complete transaction of C$60,202.50. Pursuing the completion of the acquisition, the insider now owns 299,852 shares of the firm’s stock, valued at roughly C$3,610,368.01.

The organization also lately introduced a quarterly dividend, which was paid out on Wednesday, December 15th. Traders of history on Tuesday, November 30th were being issued a dividend of $.041 for every share. This represents a $.16 dividend on an annualized basis and a yield of 1.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a strengthen from Enerplus’s previous quarterly dividend of $.04. The ex-dividend date of this dividend was Monday, November 29th. Enerplus’s dividend payout ratio (DPR) is presently -25.04{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Enerplus

Enerplus Company, together with subsidiaries, engages in the exploration and growth of crude oil and natural gas in the United States and Canada. The company’s oil and all-natural fuel homes are located primarily in North Dakota, Montana, Colorado, and Pennsylvania and Alberta, British Columbia, and Saskatchewan.

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January 8, 2022

Capital One Financial Analysts Lift Earnings Estimates for Occidental Petroleum Co. (NYSE:OXY)

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Capital One Financial boosted their FY2021 earnings estimates for Occidental Petroleum in a research note issued on Wednesday, January 5th. Capital One Financial analyst R. Tullis now anticipates that the oil and gas producer will post earnings per share of $2.24 for the year, up from their prior estimate of $2.11. Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Thursday, November 4th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.21. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.57 billion. Occidental Petroleum had a positive return on equity of 7.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a negative net margin of 1.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The business’s quarterly revenue was up 107.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.84) EPS.

OXY has been the subject of several other reports. Wells Fargo & Company downgraded Occidental Petroleum from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $35.00 to $29.00 in a research note on Wednesday. Truist raised Occidental Petroleum from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $50.00 in a research note on Monday, October 18th. Citigroup boosted their target price on Occidental Petroleum from $35.00 to $38.00 in a research report on Monday. Zacks Investment Research cut Occidental Petroleum from a “strong-buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research report on Tuesday, December 28th. Finally, Societe Generale boosted their target price on Occidental Petroleum from $35.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum currently has a consensus rating of “Buy” and a consensus target price of $35.67.

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Occidental Petroleum stock opened at $32.76 on Friday. The stock has a 50-day simple moving average of $30.77 and a 200-day simple moving average of $29.27. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.89 and a current ratio of 1.08. The company has a market capitalization of $30.60 billion, a P/E ratio of -26.85, a PEG ratio of 0.37 and a beta of 2.32. Occidental Petroleum has a fifty-two week low of $19.00 and a fifty-two week high of $35.75.

A number of large investors have recently made changes to their positions in the business. Crestmont Private Wealth LLC acquired a new stake in Occidental Petroleum during the 4th quarter valued at $54,000. Balyasny Asset Management LLC acquired a new stake in Occidental Petroleum during the 3rd quarter valued at $34,553,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Occidental Petroleum by 51.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 10,662 shares of the oil and gas producer’s stock valued at $315,000 after buying an additional 3,643 shares during the last quarter. American International Group Inc. grew its holdings in Occidental Petroleum by 2.6{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. American International Group Inc. now owns 314,186 shares of the oil and gas producer’s stock valued at $9,294,000 after buying an additional 8,063 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Occidental Petroleum by 5.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the 3rd quarter. Bank of New York Mellon Corp now owns 8,775,281 shares of the oil and gas producer’s stock worth $259,572,000 after purchasing an additional 444,442 shares during the period. Hedge funds and other institutional investors own 66.34{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 10th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date is Thursday, December 9th. Occidental Petroleum’s dividend payout ratio (DPR) is presently -3.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Occidental Petroleum Company Profile

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following 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 and natural gas.

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