Roth Capital Has Negative Outlook for OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Stock analysts at Roth Capital cut their Q1 2025 earnings per share estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Wednesday, February 19th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings of $0.92 per share for the quarter, down from their prior estimate of $0.98. 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 Q4 2026 earnings at $1.10 EPS.

Several other brokerages have also recently issued reports on OXY. Wolfe Research lifted their price target on Occidental Petroleum from $73.00 to $75.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Occidental Petroleum in a report on Friday. Truist Financial upped their price target on shares of Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a report on Monday, January 13th. Susquehanna dropped their target price on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating on the stock in a report on Thursday, November 14th. Finally, TD Cowen reduced their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Occidental Petroleum has a consensus rating of "Hold" and an average price target of $61.55.

Occidental Petroleum Price Performance

Shares of NYSE OXY traded down $1.10 during mid-day trading on Monday, reaching $48.76. 6,704,289 shares of the company traded hands, compared to its average volume of 10,650,247. The firm has a market cap of $45.76 billion, a PE ratio of 19.91 and a beta of 1.55. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. Occidental Petroleum has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The stock has a fifty day simple moving average of $49.26 and a 200-day simple moving average of $51.28.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.84 billion during the quarter, compared to analyst estimates of $7.14 billion.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Certified Advisory Corp acquired a new position in Occidental Petroleum during the fourth quarter worth $476,000. Rule One Partners LLC acquired a new position in shares of Occidental Petroleum during the 3rd quarter valued at about $14,199,000. Stephens Inc. AR raised its stake in shares of Occidental Petroleum by 221.0% in the 3rd quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer's stock valued at $777,000 after acquiring an additional 10,382 shares in the last quarter. Sarasin & Partners LLP lifted its holdings in Occidental Petroleum by 5.4% in the 4th quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer's stock worth $48,942,000 after purchasing an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in Occidental Petroleum during the third quarter worth approximately $2,509,000. Institutional investors and hedge funds own 88.70% of the company's stock.

Insider Activity at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc acquired 3,614,015 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the transaction, the insider now owns 264,178,414 shares in the company, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 6,854,394 shares of company stock valued at $315,101,532. Insiders own 0.31% of the company's stock.

Occidental Petroleum Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.97%. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. 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.