OXY FY2026 EPS Estimate Boosted by Capital One Financial

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Stock analysts at Capital One Financial boosted their FY2026 earnings per share estimates for shares of Occidental Petroleum in a research note issued to investors on Monday, March 10th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $3.41 for the year, up from their prior forecast of $3.14. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share.

Other research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Piper Sandler lowered their price target on Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Stephens restated an "overweight" rating and set a $71.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, February 19th. The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and decreased their target price for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Finally, Wolfe Research raised their price target on shares of Occidental Petroleum from $73.00 to $75.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $60.86.

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Occidental Petroleum Price Performance

OXY stock opened at $46.28 on Tuesday. The company's 50-day moving average price is $49.18 and its two-hundred day moving average price is $50.50. The firm has a market cap of $43.43 billion, a P/E ratio of 18.97 and a beta of 1.51. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum has a 12 month low of $44.70 and a 12 month high of $71.18.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The company had revenue of $6.84 billion for the quarter, compared to analysts' expectations of $7.14 billion.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.07%. Occidental Petroleum's dividend payout ratio is presently 39.34%.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the firm's stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the acquisition, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders bought 6,854,394 shares of company stock worth $315,101,532. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Occidental Petroleum

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Occidental Petroleum by 18.1% in the fourth quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock worth $3,365,992,000 after purchasing an additional 10,434,098 shares during the period. Berkshire Hathaway Inc boosted its position in shares of Occidental Petroleum by 3.5% during the 4th quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock worth $13,053,055,000 after purchasing an additional 8,896,890 shares in the last quarter. H&H International Investment LLC grew its stake in shares of Occidental Petroleum by 497.7% in the 3rd quarter. H&H International Investment LLC now owns 9,223,700 shares of the oil and gas producer's stock valued at $475,389,000 after buying an additional 7,680,598 shares during the period. Worldquant Millennium Advisors LLC increased its position in Occidental Petroleum by 1,075.3% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,930,776 shares of the oil and gas producer's stock valued at $95,400,000 after buying an additional 1,766,491 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in Occidental Petroleum by 48.1% in the fourth quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock worth $203,459,000 after acquiring an additional 1,337,728 shares in the last quarter. Institutional investors own 88.70% of the company's stock.

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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