Q1 Earnings Estimate for OXY Issued By Capital One Financial

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Investment analysts at Capital One Financial lifted their Q1 2025 EPS estimates for shares of Occidental Petroleum in a report issued on Tuesday, October 15th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.41 per share for the quarter, up from their previous estimate of $0.39. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.48 per share. Capital One Financial also issued estimates for Occidental Petroleum's Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.75 EPS.

OXY has been the subject of several other research reports. Truist Financial decreased their price objective on Occidental Petroleum from $65.00 to $56.00 and set a "hold" rating for the company in a report on Monday, September 30th. The Goldman Sachs Group initiated coverage on Occidental Petroleum in a research report on Wednesday, October 2nd. They set a "neutral" rating and a $55.00 price target on the stock. Mizuho decreased their target price on shares of Occidental Petroleum from $76.00 to $72.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. Evercore ISI cut their price target on shares of Occidental Petroleum from $67.00 to $63.00 and set an "underperform" rating for the company in a research note on Monday, September 30th. Finally, UBS Group lowered their price objective on shares of Occidental Petroleum from $70.00 to $59.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $65.72.

Occidental Petroleum Stock Down 0.1 %

Shares of OXY stock traded down $0.07 during trading on Friday, reaching $51.65. The company's stock had a trading volume of 9,424,307 shares, compared to its average volume of 14,018,002. The company has a quick ratio of 0.75, a current ratio of 1.04 and a debt-to-equity ratio of 0.77. Occidental Petroleum has a one year low of $49.75 and a one year high of $71.18. The business has a fifty day moving average price of $54.08 and a 200-day moving average price of $59.86. The company has a market cap of $46.78 billion, a price-to-earnings ratio of 12.72 and a beta of 1.57.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.26. Occidental Petroleum had a return on equity of 17.91% and a net margin of 16.62%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm earned $0.68 EPS. Occidental Petroleum's revenue for the quarter was up 2.2% compared to the same quarter last year.

Occidental Petroleum Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, September 10th were given a $0.22 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.70%. Occidental Petroleum's payout ratio is presently 21.67%.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the business's stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the completion of the sale, the insider now owns 165,681,578 shares of the company's stock, valued at $5,923,116,413.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Institutional Trading of Occidental Petroleum

A number of institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Occidental Petroleum by 16.8% in the second quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer's stock worth $233,687,000 after purchasing an additional 532,318 shares during the period. Epoch Investment Partners Inc. increased its holdings in Occidental Petroleum by 20.1% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,661,231 shares of the oil and gas producer's stock valued at $104,707,000 after buying an additional 277,462 shares during the period. Himalaya Capital Management LLC acquired a new position in shares of Occidental Petroleum in the 2nd quarter valued at approximately $92,433,000. Cooke & Bieler LP lifted its holdings in shares of Occidental Petroleum by 53.1% during the 2nd quarter. Cooke & Bieler LP now owns 1,450,064 shares of the oil and gas producer's stock worth $91,398,000 after acquiring an additional 503,173 shares during the period. Finally, Clean Energy Transition LLP acquired a new stake in shares of Occidental Petroleum during the 1st quarter worth approximately $67,601,000. 88.70% of the stock is currently owned by institutional investors.

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.