Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities researchers at Zacks Research increased their Q2 2025 earnings per share (EPS) estimates for shares of Occidental Petroleum in a note issued to investors on Tuesday, March 11th. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will earn $0.80 per share for the quarter, up from their previous estimate of $0.78. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum's Q3 2025 earnings at $0.95 EPS, Q1 2026 earnings at $0.83 EPS and FY2027 earnings at $3.62 EPS.
Other research analysts have also issued reports about the company. StockNews.com lowered Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price objective on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday. Stephens reiterated an "overweight" rating and issued a $71.00 price objective on shares of Occidental Petroleum in a research report on Wednesday, February 19th. Mizuho decreased their price objective on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Finally, Citigroup cut their price target on Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 26th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Occidental Petroleum presently has an average rating of "Hold" and a consensus price target of $60.68.
Read Our Latest Stock Analysis on Occidental Petroleum
Occidental Petroleum Stock Down 1.4 %
Shares of OXY opened at $45.45 on Thursday. The firm has a market capitalization of $42.66 billion, a price-to-earnings ratio of 18.63 and a beta of 1.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The business's fifty day moving average price is $49.03 and its two-hundred day moving average price is $50.44. Occidental Petroleum has a 52 week low of $44.70 and a 52 week high of $71.18.
Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%.
Institutional Trading of Occidental Petroleum
Several hedge funds and other institutional investors have recently modified their holdings of OXY. Vanguard Group Inc. raised its stake in shares of Occidental Petroleum by 18.1% in the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock valued at $3,365,992,000 after purchasing an additional 10,434,098 shares during the period. Berkshire Hathaway Inc raised its stake in shares of Occidental Petroleum by 3.5% in the 4th quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock valued at $13,053,055,000 after purchasing an additional 8,896,890 shares during the period. H&H International Investment LLC raised its stake in shares of 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. Worldquant Millennium Advisors LLC grew its holdings in shares of Occidental Petroleum by 1,075.3% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,930,776 shares of the oil and gas producer's stock valued at $95,400,000 after acquiring an additional 1,766,491 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Occidental Petroleum by 48.1% in the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock valued at $203,459,000 after acquiring an additional 1,337,728 shares in the last quarter. Institutional investors and hedge funds own 88.70% of the company's stock.
Insider Buying and Selling
In other news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the company's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the purchase, the insider now directly owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 6,854,394 shares of company stock valued at $315,101,532. 0.48% of the stock is owned by company insiders.
Occidental Petroleum Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's dividend payout ratio (DPR) is presently 39.34%.
About Occidental Petroleum
(
Get Free Report)
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.
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