Q1 EPS Estimate for Occidental Petroleum Lifted by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Analysts at Roth Capital lifted their Q1 2025 earnings estimates for shares of Occidental Petroleum in a research note issued on Tuesday, February 11th. Roth Capital analyst L. Mariani now forecasts that the oil and gas producer will post earnings per share of $0.98 for the quarter, up from their prior forecast of $0.80. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.34 per share. Roth Capital also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.81 EPS, Q3 2025 earnings at $0.88 EPS, Q4 2025 earnings at $1.09 EPS and FY2025 earnings at $3.75 EPS.

Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company reduced their price objective on Occidental Petroleum from $56.00 to $53.00 and set an “equal weight” rating for the company in a report on Monday, December 9th. Piper Sandler cut their price target on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Citigroup lowered their price objective on shares of Occidental Petroleum from $57.00 to $56.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 26th. Susquehanna reduced their price target on shares of Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating on the stock in a report on Thursday, November 14th. Finally, The Goldman Sachs Group cut shares of Occidental Petroleum from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $54.00 to $45.00 in a research note on Friday, January 31st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.71.

Occidental Petroleum Price Performance

OXY stock opened at $48.13 on Friday. The firm has a 50 day moving average of $48.99 and a 200-day moving average of $51.79. The company has a market cap of $45.16 billion, a price-to-earnings ratio of 12.53 and a beta of 1.55. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. Occidental Petroleum has a 12-month low of $45.17 and a 12-month high of $71.18.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 763,017 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, with a total value of $35,724,455.94. Following the completion of the acquisition, the insider now directly owns 264,941,431 shares of the company’s stock, valued at approximately $12,404,557,799.42. The trade was a 0.29 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 6,854,394 shares of company stock valued at $315,101,532 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently modified their holdings of the business. Fortitude Family Office LLC boosted its position in Occidental Petroleum by 160.0% during the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 304 shares during the period. Altshuler Shaham Ltd acquired a new position in shares of Occidental Petroleum during the fourth quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in shares of Occidental Petroleum during the fourth quarter worth about $27,000. VSM Wealth Advisory LLC acquired a new stake in shares of Occidental Petroleum in the 4th quarter worth about $27,000. Finally, Mizuho Securities Co. Ltd. acquired a new stake in shares of Occidental Petroleum in the third quarter valued at approximately $32,000. Institutional investors own 88.70% of the company’s stock.

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.