Q1 EPS Forecast for Occidental Petroleum Lifted by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Investment analysts at Capital One Financial raised their Q1 2025 earnings estimates for shares of Occidental Petroleum in a research report issued on Wednesday, January 8th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $0.88 for the quarter, up from their previous estimate of $0.59. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $3.55 EPS.

Other analysts also recently issued reports about the company. Mizuho reduced their price target on Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays reduced their target price on shares of Occidental Petroleum from $67.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Bank of America began coverage on shares of Occidental Petroleum in a research report on Thursday, October 17th. They set a “neutral” rating and a $57.00 price target on the stock. TD Cowen cut their price objective 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. Finally, Wolfe Research upped their target price on Occidental Petroleum from $73.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.10.

Occidental Petroleum Stock Up 0.3 %

Shares of OXY opened at $51.35 on Monday. The firm’s 50-day simple moving average is $49.54 and its 200 day simple moving average is $53.76. 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 firm has a market cap of $48.18 billion, a P/E ratio of 13.37 and a beta of 1.57. Occidental Petroleum has a 52 week low of $45.17 and a 52 week high of $71.18.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OXY. Acadian Asset Management LLC purchased a new stake in Occidental Petroleum in the 2nd quarter worth $1,563,000. DekaBank Deutsche Girozentrale boosted its stake in Occidental Petroleum by 20.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 138,748 shares of the oil and gas producer’s stock valued at $8,782,000 after buying an additional 23,904 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in Occidental Petroleum by 29.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 11,034 shares of the oil and gas producer’s stock worth $695,000 after acquiring an additional 2,531 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Occidental Petroleum by 38.2% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,314 shares of the oil and gas producer’s stock worth $334,000 after acquiring an additional 1,468 shares in the last quarter. Finally, Wealthspire Advisors LLC boosted its position in shares of Occidental Petroleum by 7.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 9,637 shares of the oil and gas producer’s stock valued at $607,000 after acquiring an additional 637 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.

Insider Transactions at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average cost of $45.60 per share, for a total transaction of $164,799,084.00. Following the purchase, the insider now directly owns 264,178,414 shares in the company, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Occidental Petroleum Dividend Announcement

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

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.