Oxy

Occidental Petroleum Corporation (OXY) has recently announced a quarterly dividend of $0.22 per share, which will be paid out on July 15, 2024. This dividend represents a $0.88 annualized dividend and has a dividend yield of 1.48%. The ex-dividend date for this dividend is set for June 10, 2024.

1. **Dividend Analysis**:
- OXY's dividend payout ratio stands at 19.0%, indicating that the company's dividend is sufficiently covered by its earnings.
- Analysts expect the company to earn $5.00 per share next year, suggesting that the company should continue to be able to cover its annual dividend with an expected future payout ratio of 17.6%.
- The company has a history of increasing its dividend annually for the last four consecutive years.
2. **Stock Performance and Financial Health**:
- OXY's stock has experienced a decline of approximately 6% since its last earnings report.
- The company reported earnings per share (EPS) of $0.63 for the first quarter of 2024, surpassing the consensus estimate by 16.1%.
- However, total revenues fell short of expectations, declining by 17.2% year-over-year.
3. **Options Market Sentiment**:
- The options market shows a mixed sentiment with 66% of traders being bullish and 33% bearish.
- The price range for OXY that traders are focusing on is between $52.5 and $70.0, indicating a wide range of expectations for the stock's future performance.
4. **Valuation and Market Position**:
- OXY's price-to-earnings (P/E) ratio is 15.29, price-to-sales (P/S) ratio is 2.23, and price-to-book (P/B) ratio is 2.38 as of June 10, 2024.
- The company has a market capitalization of $52.75 billion and a beta of 1.59.
5. **Future Outlook**:
- Analysts have set an average price target for OXY at $71.69, indicating a potential upside of 13.06% from the last closing price of $63.41.
- The company has a Smart Score of 10, suggesting a strong performance in various areas including analyst recommendations and crowd wisdom.

In conclusion, Occidental Petroleum (OXY) maintains a dividend payment with a healthy payout ratio and a track record of annual dividend growth. The stock has shown recent underperformance compared to earnings, but options market sentiment is mixed with a significant bullish position. Analysts expect potential upside based on current prices, and the company's financial ratios indicate a solid market position.