Q1 EPS Forecast for Occidental Petroleum Lowered by Analyst

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities research analysts at Capital One Financial cut their Q1 2025 EPS estimates for shares of Occidental Petroleum in a research report issued to clients and 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 $0.77 for the quarter, down from their prior estimate of $0.93. 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 Q2 2025 earnings at $0.92 EPS and FY2025 earnings at $3.56 EPS.

Several other analysts have also commented on the company. UBS Group raised their target price on Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday, February 20th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Occidental Petroleum in a research note on Friday, February 21st. Piper Sandler cut their target price on shares of Occidental Petroleum from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, March 6th. Truist Financial increased their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Finally, Susquehanna cut their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating for the company in a report on Thursday, November 14th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, Occidental Petroleum currently has an average rating of "Hold" and a consensus target price of $60.86.

Remove Ads

Occidental Petroleum Price Performance

Shares of OXY opened at $46.11 on Wednesday. The company has a market capitalization of $43.27 billion, a P/E ratio of 18.90 and a beta of 1.51. The business's 50-day moving average is $49.12 and its two-hundred day moving average is $50.47. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. Occidental Petroleum has a fifty-two week low of $44.70 and a fifty-two week high of $71.18.

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

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.08%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum's dividend payout ratio (DPR) is 39.34%.

Insider Transactions at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now directly owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. The trade was a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 6,854,394 shares of company stock worth $315,101,532 in the last ninety days. Insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Occidental Petroleum

Hedge funds and other institutional investors have recently bought and sold shares of the company. Howard Capital Management Inc. grew its stake in shares of Occidental Petroleum by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock valued at $209,000 after buying an additional 216 shares during the period. Deseret Mutual Benefit Administrators grew its position in Occidental Petroleum by 27.1% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock worth $58,000 after acquiring an additional 248 shares during the period. Empire Financial Management Company LLC increased its stake in Occidental Petroleum by 4.1% during the third quarter. Empire Financial Management Company LLC now owns 6,383 shares of the oil and gas producer's stock worth $329,000 after acquiring an additional 250 shares during the last quarter. Park Avenue Securities LLC raised its position in Occidental Petroleum by 3.2% in the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock valued at $398,000 after purchasing an additional 250 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Occidental Petroleum by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,566 shares of the oil and gas producer's stock valued at $1,421,000 after purchasing an additional 257 shares during the last quarter. 88.70% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.