Roth Capital Issues Positive Estimate for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Roth Capital upped their Q2 2025 earnings per share estimates for shares of Occidental Petroleum in a report issued on Wednesday, February 19th. Roth Capital analyst L. Mariani now anticipates that the oil and gas producer will earn $0.89 per share for the quarter, up from their prior forecast of $0.81. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.56 per share. Roth Capital also issued estimates for Occidental Petroleum's Q3 2025 earnings at $0.96 EPS, Q4 2025 earnings at $1.18 EPS, FY2025 earnings at $3.94 EPS, Q1 2026 earnings at $1.09 EPS, Q2 2026 earnings at $0.93 EPS, Q3 2026 earnings at $1.04 EPS and FY2026 earnings at $4.17 EPS.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share 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%.

A number of other equities analysts have also recently issued reports on OXY. UBS Group upped their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the stock a "neutral" rating in a report on Thursday. Wells Fargo & Company cut their price objective on Occidental Petroleum from $53.00 to $52.00 and set an "equal weight" rating for the company in a report on Thursday. Stephens reiterated an "overweight" rating and issued a $71.00 price objective on shares of Occidental Petroleum in a report on Wednesday. Truist Financial upped their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $56.00 price objective on shares of Occidental Petroleum in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, thirteen have given 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.com, Occidental Petroleum currently has a consensus rating of "Hold" and a consensus price target of $61.90.

Occidental Petroleum Price Performance

NYSE OXY traded down $1.68 during trading on Friday, reaching $50.42. The company's stock had a trading volume of 13,869,302 shares, compared to its average volume of 10,758,816. The firm has a fifty day moving average of $49.20 and a 200 day moving average of $51.41. Occidental Petroleum has a one year low of $45.17 and a one year high of $71.18. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The stock has a market capitalization of $47.31 billion, a PE ratio of 20.66 and a beta of 1.55.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a dividend of $0.24 per share. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 1.90%. Occidental Petroleum's dividend payout ratio is presently 36.07%.

Insider Buying and Selling at Occidental Petroleum

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 purchased at an average price of $46.82 per share, with a total value of $35,724,455.94. Following the transaction, the insider now owns 264,941,431 shares of the company's stock, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 6,854,394 shares of company stock valued at $315,101,532 in the last 90 days. Insiders own 0.31% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Berkshire Hathaway Inc raised its position 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 worth $13,053,055,000 after acquiring an additional 8,896,890 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $3,365,992,000 after acquiring an additional 10,434,098 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Occidental Petroleum by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock worth $701,816,000 after acquiring an additional 398,467 shares in the last quarter. H&H International Investment LLC raised its position 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 worth $475,389,000 after acquiring an additional 7,680,598 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Occidental Petroleum by 7.5% in the 4th quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer's stock worth $349,085,000 after acquiring an additional 491,797 shares in the last quarter. Institutional investors own 88.70% of the company's stock.

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.