Q1 EPS Forecast for Occidental Petroleum Reduced by Analyst

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Equities research analysts at Zacks Research decreased their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research report issued to clients and investors on Tuesday, March 11th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings per share of $0.70 for the quarter, down from their previous forecast of $0.83. 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 Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.43 EPS, Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $0.95 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.60 EPS.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted 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. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $7.14 billion.

Other equities analysts have also recently issued research reports about the stock. StockNews.com cut shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Roth Capital set a $54.00 price objective on Occidental Petroleum in a research note on Thursday, January 23rd. The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and cut their target price for the company from $54.00 to $45.00 in a research note on Friday, January 31st. Susquehanna lowered their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a "positive" rating for the company in a research report on Thursday, November 14th. Finally, 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. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Occidental Petroleum has an average rating of "Hold" and a consensus target price of $60.68.

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Occidental Petroleum Stock Performance

Shares of OXY traded up $1.13 during mid-day trading on Friday, hitting $46.58. The stock had a trading volume of 12,171,602 shares, compared to its average volume of 11,338,112. Occidental Petroleum has a fifty-two week low of $44.70 and a fifty-two week high of $71.18. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. The company has a market cap of $43.71 billion, a PE ratio of 19.09 and a beta of 1.51. The company's fifty day simple moving average is $48.95 and its two-hundred day simple moving average is $50.36.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 10,434,098 shares during the period. Berkshire Hathaway Inc boosted its position in shares of Occidental Petroleum by 3.5% in the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock worth $13,053,055,000 after buying an additional 8,896,890 shares during the period. H&H International Investment LLC raised its position in Occidental Petroleum by 497.7% during the third 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 buying an additional 7,680,598 shares during the period. Worldquant Millennium Advisors LLC lifted its stake in 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 worth $95,400,000 after acquiring an additional 1,766,491 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Occidental Petroleum by 48.1% during 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. 88.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc acquired 763,017 shares of the business's stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the acquisition, the insider now owns 264,941,431 shares in the company, valued at approximately $12,404,557,799.42. This represents a 0.29 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders purchased 6,854,394 shares of company stock worth $315,101,532. Insiders own 0.48% of the company's stock.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.96 annualized dividend and a dividend yield of 2.06%. This is a boost from Occidental Petroleum's previous quarterly dividend of $0.22. Occidental Petroleum's dividend payout ratio 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.