Q1 Earnings Estimate for OXY Issued By Capital One Financial

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities research analysts at Capital One Financial boosted their Q1 2025 EPS estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Thursday, January 16th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.93 per share for the quarter, up from their prior estimate of $0.88. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.32 per share. Capital One Financial also issued estimates for Occidental Petroleum's Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.75 EPS and FY2026 earnings at $3.14 EPS.

A number of other research analysts have also weighed in on the company. The Goldman Sachs Group began coverage on Occidental Petroleum in a report on Wednesday, October 2nd. They set a "neutral" rating and a $55.00 target price for the company. Raymond James boosted their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. Bank of America began coverage on shares of Occidental Petroleum in a research note on Thursday, October 17th. They issued a "neutral" rating and a $57.00 target price on the stock. Scotiabank reduced their price target on shares of Occidental Petroleum from $80.00 to $65.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. Finally, Susquehanna lowered their price objective on Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.19.

Occidental Petroleum Stock Performance

Shares of NYSE OXY traded down $0.32 during mid-day trading on Friday, hitting $51.98. The company had a trading volume of 7,831,562 shares, compared to its average volume of 9,802,582. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum has a 1 year low of $45.17 and a 1 year high of $71.18. The company has a market capitalization of $48.78 billion, a price-to-earnings ratio of 13.54 and a beta of 1.57. The stock's 50-day moving average price is $49.67 and its 200-day moving average price is $53.60.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Fortitude Family Office LLC grew its holdings in Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer's stock worth $25,000 after acquiring an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in shares of Occidental Petroleum during the third quarter worth about $32,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Occidental Petroleum in the third quarter worth about $50,000. Westside Investment Management Inc. increased its holdings in Occidental Petroleum by 224.0% during the 4th quarter. Westside Investment Management Inc. now owns 1,555 shares of the oil and gas producer's stock valued at $77,000 after purchasing an additional 1,075 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in Occidental Petroleum during the 3rd quarter valued at approximately $87,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares of the company's stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.48% of the company's stock.

Occidental Petroleum Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.69%. The ex-dividend date was Tuesday, December 10th. Occidental Petroleum's dividend payout ratio is presently 22.92%.

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.