Capital One Financial Has Optimistic View of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Capital One Financial raised their Q1 2025 EPS estimates for Occidental Petroleum in a report issued on Thursday, January 16th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings per share of $0.93 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 brokerages also recently issued reports on OXY. Susquehanna reduced their price objective on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a research note on Thursday, November 14th. Stephens increased their price objective on shares of Occidental Petroleum from $70.00 to $71.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Evercore ISI reduced their price objective on shares of Occidental Petroleum from $67.00 to $63.00 and set an "underperform" rating on the stock in a research note on Monday, September 30th. Jefferies Financial Group increased their price objective on shares of Occidental Petroleum from $53.00 to $54.00 and gave the stock a "hold" rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $56.00 price target on shares of Occidental Petroleum in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $62.19.

Occidental Petroleum Price Performance

Occidental Petroleum stock traded down $0.32 during trading hours on Friday, reaching $51.98. 7,831,562 shares of the stock were exchanged, compared to its average volume of 11,086,349. The company has a market cap of $48.78 billion, a P/E ratio of 13.54 and a beta of 1.57. 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 twelve month low of $45.17 and a twelve month high of $71.18. The stock has a 50 day moving average of $49.70 and a two-hundred day moving average of $53.52.

Occidental Petroleum Dividend Announcement

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

Insiders Place Their Bets

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

Institutional Trading of Occidental Petroleum

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased its stake in shares of Occidental Petroleum by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock valued at $710,886,000 after acquiring an additional 444,850 shares in the last quarter. H&H International Investment LLC grew its position in 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 purchasing an additional 7,680,598 shares during the period. Charles Schwab Investment Management Inc. grew its position in Occidental Petroleum by 2.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,007,770 shares of the oil and gas producer's stock valued at $206,560,000 after purchasing an additional 98,703 shares during the period. Swiss National Bank grew its position in Occidental Petroleum by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,973,614 shares of the oil and gas producer's stock valued at $101,720,000 after purchasing an additional 5,200 shares during the period. Finally, Epoch Investment Partners Inc. grew its position 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 purchasing an additional 277,462 shares during the period. 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.