Q1 EPS Forecast for Occidental Petroleum Lifted by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Capital One Financial upped their Q1 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research note issued to investors on Thursday, January 16th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $0.93 per share for the quarter, up from their previous forecast of $0.88. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.32 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.94 EPS, Q3 2025 earnings at $0.94 EPS, Q4 2025 earnings at $0.94 EPS, FY2025 earnings at $3.75 EPS and FY2026 earnings at $3.14 EPS.

Several other research analysts have also commented on OXY. Wells Fargo & Company dropped their price objective on shares of Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a research note on Monday, December 9th. Mizuho cut their price target on shares of Occidental Petroleum from $72.00 to $70.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Raymond James increased their price objective on shares of Occidental Petroleum from $77.00 to $78.00 and gave the stock a “strong-buy” rating in a research report on Thursday, November 21st. UBS Group dropped their target price on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, Scotiabank reduced their price target on Occidental Petroleum from $80.00 to $65.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.19.

Occidental Petroleum Stock Performance

NYSE OXY opened at $51.98 on Friday. The business’s 50 day moving average price is $49.67 and its 200-day moving average price is $53.60. Occidental Petroleum has a fifty-two week low of $45.17 and a fifty-two week high of $71.18. The company has a market cap of $48.78 billion, a P/E ratio of 13.54 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 1.00.

Institutional Trading of Occidental Petroleum

Several hedge funds have recently modified their holdings of the company. Rule One Partners LLC bought a new position in shares of Occidental Petroleum during the 3rd quarter worth approximately $14,199,000. Stephens Inc. AR increased its position in shares of Occidental Petroleum by 221.0% during the third quarter. Stephens Inc. AR now owns 15,079 shares of the oil and gas producer’s stock worth $777,000 after purchasing an additional 10,382 shares in the last quarter. Weiss Asset Management LP purchased a new stake in shares of Occidental Petroleum during the 3rd quarter valued at $2,509,000. Cerity Partners LLC boosted its position in shares of Occidental Petroleum by 27.7% in the 3rd quarter. Cerity Partners LLC now owns 70,580 shares of the oil and gas producer’s stock worth $3,638,000 after purchasing an additional 15,316 shares in the last quarter. Finally, Synovus Financial Corp grew its stake in Occidental Petroleum by 1,247.7% during the 3rd quarter. Synovus Financial Corp now owns 50,486 shares of the oil and gas producer’s stock worth $2,602,000 after buying an additional 46,740 shares during 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 3,614,015 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.48% of the company’s stock.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.88 annualized dividend and a dividend yield of 1.69%. Occidental Petroleum’s payout ratio is presently 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.