Q2 EPS Estimate for Occidental Petroleum Lowered by Analyst

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities research analysts at Capital One Financial decreased their Q2 2025 earnings per share estimates for Occidental Petroleum in a research report issued to clients and investors on Wednesday, April 16th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.72 per share for the quarter, down from their prior estimate of $0.78. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share. Capital One Financial also issued estimates for Occidental Petroleum's Q3 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $3.07 EPS and FY2026 earnings at $2.41 EPS.

OXY has been the subject of several other reports. Scotiabank downgraded shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 target price for the company. in a research note on Friday, April 11th. Stephens decreased their price target on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday. Roth Capital set a $54.00 price target on Occidental Petroleum in a research note on Thursday, January 23rd. Raymond James lowered shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $81.00 to $64.00 in a research report on Monday, March 10th. Finally, Citigroup dropped their target price on shares of Occidental Petroleum from $56.00 to $51.00 and set a "neutral" rating on the stock in a research report on Monday, March 17th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $55.81.

Occidental Petroleum Stock Up 3.3 %

Shares of NYSE:OXY traded up $1.27 on Thursday, reaching $39.72. The company had a trading volume of 13,284,802 shares, compared to its average volume of 10,832,101. The firm has a market capitalization of $37.33 billion, a PE ratio of 16.28 and a beta of 1.02. The firm's 50 day simple moving average is $45.57 and its 200-day simple moving average is $48.63. Occidental Petroleum has a 52-week low of $34.79 and a 52-week high of $68.43. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion.

Institutional Trading of Occidental Petroleum

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Altshuler Shaham Ltd purchased a new position in Occidental Petroleum during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter valued at approximately $27,000. VSM Wealth Advisory LLC purchased a new position in shares of Occidental Petroleum during the fourth quarter worth approximately $27,000. Bernard Wealth Management Corp. acquired a new position in shares of Occidental Petroleum in the 4th quarter valued at $32,000. Finally, Grove Bank & Trust raised its position in Occidental Petroleum by 129.2% in the 1st quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 407 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now directly owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.42%. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's payout ratio is presently 39.34%.

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 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.