Occidental Petroleum Co. (NYSE:OXY - Free Report) - Research analysts at Zacks Research raised their Q2 2025 earnings per share estimates for Occidental Petroleum in a research report issued on Tuesday, March 11th. Zacks Research analyst J. Saha now anticipates that the oil and gas producer will post earnings of $0.80 per share for the quarter, up from their previous estimate of $0.78. 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 Q3 2025 earnings at $0.95 EPS, Q1 2026 earnings at $0.83 EPS and FY2027 earnings at $3.62 EPS.
Several other brokerages have also recently commented on OXY. Roth Capital set a $54.00 target price on Occidental Petroleum in a report on Thursday, January 23rd. UBS Group upped their target price on Occidental Petroleum from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. Mizuho reduced their target price on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Citigroup cut their price target on Occidental Petroleum from $57.00 to $56.00 and set a "neutral" rating on the stock in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group cut Occidental Petroleum from a "neutral" rating to a "sell" rating and cut their price target for the stock from $54.00 to $45.00 in a report on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $60.68.
Check Out Our Latest Stock Report on OXY
Occidental Petroleum Trading Up 2.5 %
OXY stock traded up $1.13 during trading on Thursday, hitting $46.58. The company had a trading volume of 12,171,602 shares, compared to its average volume of 11,338,112. The business has a 50-day moving average of $48.95 and a 200-day moving average of $50.32. Occidental Petroleum has a one year low of $44.70 and a one year high of $71.18. The stock has a market cap of $43.71 billion, a PE ratio of 19.09 and a beta of 1.51. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.
Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its earnings results on Tuesday, February 18th. The oil and gas producer reported $0.80 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $7.14 billion.
Institutional Investors Weigh In On Occidental Petroleum
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Berkshire Hathaway Inc increased its position in shares of Occidental Petroleum by 3.5% during the 4th quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock valued at $13,053,055,000 after purchasing an additional 8,896,890 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Occidental Petroleum by 18.1% during the 4th quarter. Vanguard Group Inc. now owns 68,123,704 shares of the oil and gas producer's stock valued at $3,365,992,000 after purchasing an additional 10,434,098 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Occidental Petroleum by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock valued at $701,816,000 after purchasing an additional 398,467 shares during the last quarter. H&H International Investment LLC increased its position in shares of Occidental Petroleum by 497.7% during the 3rd 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 purchasing an additional 7,680,598 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Occidental Petroleum by 7.5% during the 4th quarter. Northern Trust Corp now owns 7,065,061 shares of the oil and gas producer's stock valued at $349,085,000 after purchasing an additional 491,797 shares during the last quarter. 88.70% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Occidental Petroleum
In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the transaction, the insider now owns 264,178,414 shares of the company's stock, valued at $12,046,535,678.40. This represents a 1.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 6,854,394 shares of company stock valued at $315,101,532. 0.48% of the stock is owned by insiders.
Occidental Petroleum Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a $0.24 dividend. This is a positive change from Occidental Petroleum's previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum's dividend payout ratio is presently 39.34%.
About Occidental Petroleum
(
Get Free Report)
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.
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