Roth Capital Issues Pessimistic Estimate for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities researchers at Roth Capital reduced their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a note issued to investors on Monday, April 14th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.89 per share for the quarter, down from their previous estimate of $0.92. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share. Roth Capital also issued estimates for Occidental Petroleum's Q3 2026 earnings at $0.93 EPS and Q4 2026 earnings at $1.00 EPS.

OXY has been the topic of a number of other research reports. Stephens lowered their target price on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating on the stock in a research note on Tuesday. Scotiabank lowered shares of Occidental Petroleum from a "sector outperform" rating to a "sector perform" rating and set a $40.00 target price on the stock. in a research report on Friday, April 11th. JPMorgan Chase & Co. lowered their price objective on Occidental Petroleum from $59.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Occidental Petroleum in a research note on Friday, February 21st. Finally, StockNews.com cut shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $55.81.

Occidental Petroleum Stock Performance

Shares of NYSE:OXY traded up $1.27 during trading on Wednesday, hitting $39.72. The stock had a trading volume of 13,284,802 shares, compared to its average volume of 10,832,101. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum has a 12-month low of $34.79 and a 12-month high of $68.43. The stock has a 50-day simple moving average of $45.57 and a two-hundred day simple moving average of $48.63. The stock has a market capitalization of $37.33 billion, a price-to-earnings ratio of 16.28 and a beta of 1.02.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Howard Capital Management Inc. raised its stake in shares of Occidental Petroleum by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 4,234 shares of the oil and gas producer's stock valued at $209,000 after purchasing an additional 216 shares in the last quarter. Deseret Mutual Benefit Administrators increased its stake in shares of Occidental Petroleum by 27.1% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,164 shares of the oil and gas producer's stock valued at $58,000 after acquiring an additional 248 shares during the period. Park Avenue Securities LLC lifted its position in Occidental Petroleum by 3.2% in the fourth quarter. Park Avenue Securities LLC now owns 8,058 shares of the oil and gas producer's stock worth $398,000 after purchasing an additional 250 shares during the period. Horizon Investments LLC increased its position in shares of Occidental Petroleum by 2.3% during the 4th quarter. Horizon Investments LLC now owns 11,208 shares of the oil and gas producer's stock valued at $554,000 after purchasing an additional 257 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in Occidental Petroleum by 20.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer's stock valued at $81,000 after buying an additional 274 shares in the last quarter. 88.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the transaction, the insider now owns 264,941,431 shares in the company, valued at $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 10th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.42%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's dividend payout ratio (DPR) is currently 39.34%.

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.