Roth Capital Issues Optimistic Outlook for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities researchers at Roth Capital lifted their Q1 2025 earnings per share (EPS) estimates for shares of Occidental Petroleum in a research note issued on Tuesday, February 11th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.98 for the quarter, up from their previous estimate of $0.80. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.34 per share. Roth Capital also issued estimates for Occidental Petroleum's Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.75 EPS.

A number of other equities research analysts also recently commented on OXY. Citigroup decreased their target price on Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 26th. Truist Financial increased their target price on Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research report on Monday, January 13th. TD Cowen reduced their price target on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Piper Sandler lowered their price objective on shares of Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Finally, Stephens boosted their target price on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an "overweight" rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $61.71.

Occidental Petroleum Price Performance

OXY traded up $0.57 during trading on Friday, reaching $48.63. 4,754,571 shares of the company traded hands, compared to its average volume of 9,653,736. The company has a market cap of $45.63 billion, a P/E ratio of 12.66 and a beta of 1.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. Occidental Petroleum has a 12-month low of $45.17 and a 12-month high of $71.18. The firm has a fifty day simple moving average of $48.99 and a 200 day simple moving average of $51.51.

Hedge Funds Weigh In On Occidental Petroleum

Several hedge funds have recently modified their holdings of OXY. Segment Wealth Management LLC increased its stake in Occidental Petroleum by 5.2% during the 3rd quarter. Segment Wealth Management LLC now owns 3,973 shares of the oil and gas producer's stock valued at $205,000 after purchasing an additional 196 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its position in shares of Occidental Petroleum by 2.2% in the 3rd quarter. Wealth Alliance Advisory Group LLC now owns 9,191 shares of the oil and gas producer's stock valued at $474,000 after acquiring an additional 200 shares during the period. Leavell Investment Management Inc. raised its stake in Occidental Petroleum by 3.3% in the 3rd quarter. Leavell Investment Management Inc. now owns 6,241 shares of the oil and gas producer's stock worth $323,000 after acquiring an additional 200 shares during the last quarter. Howard Capital Management Inc. lifted its position in Occidental Petroleum by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock worth $209,000 after acquiring an additional 216 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its stake in Occidental Petroleum by 27.1% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock valued at $58,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Activity

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction that occurred on Friday, February 7th. The shares were bought 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders acquired 6,854,394 shares of company stock worth $315,101,532. Insiders own 0.31% 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.