OXY Q1 EPS Forecast Decreased by Capital One Financial

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Capital One Financial lowered their Q1 2025 earnings per share estimates for Occidental Petroleum in a research report issued on Monday, March 10th. Capital One Financial analyst B. Velie now forecasts that the oil and gas producer will earn $0.77 per share for the quarter, down from their prior estimate of $0.93. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Capital One Financial also issued estimates for Occidental Petroleum’s Q2 2025 earnings at $0.92 EPS and FY2025 earnings at $3.56 EPS.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. Occidental Petroleum had a net margin of 11.37% and a return on equity of 16.33%. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $7.14 billion.

Other analysts have also issued research reports about the company. UBS Group boosted their price target on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a report on Thursday, February 20th. Raymond James cut shares of Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $81.00 to $64.00 in a research note on Monday. Truist Financial boosted their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. Piper Sandler dropped their target price on Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, March 6th. Finally, The Goldman Sachs Group lowered Occidental Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the company 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 assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.86.

Occidental Petroleum Trading Down 0.4 %

Shares of OXY stock opened at $46.11 on Wednesday. Occidental Petroleum has a 1 year low of $44.70 and a 1 year high of $71.18. The firm has a fifty day moving average price of $49.12 and a 200-day moving average price of $50.47. The company has a market cap of $43.27 billion, a price-to-earnings ratio of 18.90 and a beta of 1.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently added to or reduced their stakes in the stock. Certified Advisory Corp bought a new stake in shares of Occidental Petroleum in the 4th quarter valued at about $476,000. Rule One Partners LLC purchased a new stake in Occidental Petroleum during the 3rd quarter worth approximately $14,199,000. Fisher Asset Management LLC increased its stake in Occidental Petroleum by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 613,647 shares of the oil and gas producer’s stock valued at $30,320,000 after purchasing an additional 6,461 shares in the last quarter. Sarasin & Partners LLP raised its holdings in shares of Occidental Petroleum by 5.4% in the fourth quarter. Sarasin & Partners LLP now owns 990,521 shares of the oil and gas producer’s stock worth $48,942,000 after buying an additional 50,983 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Occidental Petroleum during the third quarter worth $2,509,000. Institutional investors own 88.70% of the company’s stock.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of Occidental Petroleum stock in a transaction dated Thursday, December 19th. The stock was purchased 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 in the company, valued at approximately $12,046,535,678.40. The trade was 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 this hyperlink. In the last quarter, insiders acquired 6,854,394 shares of company stock worth $315,101,532. 0.48% of the stock is currently owned by corporate insiders.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be given a dividend of $0.24 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. The ex-dividend date is Monday, March 10th. This represents a $0.96 dividend on an annualized basis and a yield of 2.08%. Occidental Petroleum’s dividend payout ratio (DPR) is 39.34%.

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.