FY2026 Earnings Forecast for OXY Issued By Scotiabank

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities research analysts at Scotiabank issued their FY2026 EPS estimates for Occidental Petroleum in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng expects that the oil and gas producer will post earnings per share of $3.90 for the year. Scotiabank currently has a "Sector Outperform" rating and a $65.00 price target on the stock. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.35 per share.

OXY has been the topic of several other research reports. Mizuho reduced their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Jefferies Financial Group lifted their price objective on Occidental Petroleum from $53.00 to $54.00 and gave the stock a "hold" rating in a research report on Tuesday, November 12th. Stephens raised their price target 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. UBS Group cut their price objective on shares of Occidental Petroleum from $58.00 to $51.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Finally, Wells Fargo & Company decreased their target price on shares of Occidental Petroleum from $56.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $62.10.

Occidental Petroleum Price Performance

OXY traded up $0.16 during trading on Friday, reaching $51.35. 10,902,197 shares of the stock were exchanged, compared to its average volume of 10,133,670. The company has a market capitalization of $48.18 billion, a price-to-earnings ratio of 13.37 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. Occidental Petroleum has a 1 year low of $45.17 and a 1 year high of $71.18. The business's 50 day moving average price is $49.54 and its two-hundred day moving average price is $53.89.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Tuesday, December 10th. Occidental Petroleum's dividend payout ratio is presently 22.92%.

Insider Transactions at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $46.25 per share, with a total value of $114,577,992.50. Following the purchase, the insider now directly owns 257,758,886 shares of the company's stock, valued at approximately $11,921,348,477.50. This represents a 0.97 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.48% of the company's stock.

Institutional Trading of Occidental Petroleum

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. raised its stake in Occidental Petroleum by 24.1% during the second quarter. Victory Capital Management Inc. now owns 385,387 shares of the oil and gas producer's stock valued at $24,291,000 after buying an additional 74,750 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Occidental Petroleum during the second quarter valued at $1,563,000. Dorsey & Whitney Trust CO LLC raised its holdings in shares of Occidental Petroleum by 16.8% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 5,457 shares of the oil and gas producer's stock worth $344,000 after purchasing an additional 783 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Occidental Petroleum by 11.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 72,286 shares of the oil and gas producer's stock worth $4,556,000 after buying an additional 7,174 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Occidental Petroleum by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 3,707,555 shares of the oil and gas producer's stock valued at $233,687,000 after buying an additional 532,318 shares during the period. 88.70% of the stock is owned by hedge funds and other institutional investors.

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.