Zacks Research Brokers Reduce Earnings Estimates for OXY

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Zacks Research decreased their Q2 2025 earnings per share estimates for Occidental Petroleum in a report released on Thursday, January 9th. Zacks Research analyst J. Saha now expects that the oil and gas producer will post earnings of $0.77 per share for the quarter, down from their previous estimate of $0.80. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.35 per share. Zacks Research also issued estimates for Occidental Petroleum's Q2 2026 earnings at $0.82 EPS.

Other analysts have also recently issued research reports about the stock. Piper Sandler reduced their price target on shares of Occidental Petroleum from $57.00 to $51.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Bank of America initiated coverage on shares of Occidental Petroleum in a research note on Thursday, October 17th. They issued a "neutral" rating and a $57.00 price target for the company. Citigroup lowered their price objective on Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating for the company in a research report on Tuesday, November 26th. Scotiabank reduced their target price on shares of Occidental Petroleum from $80.00 to $65.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Finally, Mizuho lowered their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.10.

Occidental Petroleum Trading Up 0.3 %

Shares of NYSE OXY traded up $0.16 during midday 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 stock has a market capitalization of $48.18 billion, a P/E ratio of 13.37 and a beta of 1.57. Occidental Petroleum has a twelve month low of $45.17 and a twelve month high of $71.18. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00. The company has a 50 day simple moving average of $49.51 and a 200 day simple moving average of $53.97.

Institutional Investors Weigh In On Occidental Petroleum

Institutional investors have recently bought and sold shares of the business. H&H International Investment LLC boosted its position in shares of Occidental Petroleum by 497.7% in the third 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 buying an additional 7,680,598 shares during the period. Himalaya Capital Management LLC purchased a new position in shares of Occidental Petroleum in the second quarter valued at $92,433,000. Anson Funds Management LP increased its stake in Occidental Petroleum by 3,645.8% during the 3rd quarter. Anson Funds Management LP now owns 765,486 shares of the oil and gas producer's stock worth $39,453,000 after buying an additional 745,050 shares during the period. American Century Companies Inc. lifted its holdings in 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 worth $233,687,000 after buying an additional 532,318 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Occidental Petroleum by 3.3% in the 3rd quarter. Geode Capital Management LLC now owns 13,846,890 shares of the oil and gas producer's stock valued at $710,886,000 after buying an additional 444,850 shares during the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of Occidental Petroleum stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the acquisition, the insider now owns 264,178,414 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.48% of the company's stock.

Occidental Petroleum Announces Dividend

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

Occidental Petroleum Company Profile

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.