Q1 Earnings Estimate for OXY Issued By Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Capital One Financial upped their Q1 2025 earnings estimates for Occidental Petroleum in a report issued on Tuesday, October 15th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will post earnings per share of $0.41 for the quarter, up from their prior forecast of $0.39. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.48 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.40 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.75 EPS.

OXY has been the subject of a number of other reports. Evercore ISI cut their price target on Occidental Petroleum from $67.00 to $63.00 and set an “underperform” rating for the company in a research note on Monday, September 30th. StockNews.com cut shares of Occidental Petroleum from a “hold” rating to a “sell” rating in a research note on Saturday, October 5th. Barclays dropped their price target on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Susquehanna reduced their price objective on shares of Occidental Petroleum from $78.00 to $77.00 and set a “positive” rating for the company in a research note on Friday. Finally, Bank of America began coverage on shares of Occidental Petroleum in a research report on Thursday. They set a “neutral” rating and a $57.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Occidental Petroleum has an average rating of “Hold” and a consensus price target of $65.72.

Occidental Petroleum Stock Performance

OXY stock opened at $51.65 on Friday. The firm has a 50 day simple moving average of $54.08 and a 200 day simple moving average of $59.86. Occidental Petroleum has a 52 week low of $49.75 and a 52 week high of $71.18. The stock has a market cap of $46.78 billion, a P/E ratio of 12.72 and a beta of 1.57. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.75 and a current ratio of 1.04.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas producer reported $1.03 EPS for the quarter, beating the consensus estimate of $0.77 by $0.26. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $6.93 billion. Occidental Petroleum had a net margin of 16.62% and a return on equity of 17.91%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, September 10th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend was Tuesday, September 10th. Occidental Petroleum’s dividend payout ratio (DPR) is 21.67%.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the sale, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.48% of the company’s stock.

Institutional Trading of Occidental Petroleum

A number of hedge funds have recently added to or reduced their stakes in the stock. Czech National Bank grew its position in shares of Occidental Petroleum by 8.3% in the 3rd quarter. Czech National Bank now owns 137,163 shares of the oil and gas producer’s stock valued at $7,069,000 after buying an additional 10,456 shares during the last quarter. Discovery Capital Management LLC CT bought a new stake in Occidental Petroleum in the second quarter valued at approximately $10,331,000. Empyrean Capital Partners LP bought a new position in Occidental Petroleum during the 2nd quarter worth approximately $2,975,000. Swedbank AB acquired a new position in shares of Occidental Petroleum in the 1st quarter worth approximately $12,547,000. Finally, Royal Fund Management LLC boosted its stake in shares of Occidental Petroleum by 124.2% in the 3rd quarter. Royal Fund Management LLC now owns 57,416 shares of the oil and gas producer’s stock valued at $2,959,000 after purchasing an additional 31,809 shares during the last quarter. Institutional investors and hedge funds 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.