Q2 EPS Estimate for Occidental Petroleum Boosted by Analyst

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Zacks Research boosted their Q2 2025 earnings per share (EPS) estimates for Occidental Petroleum in a research report issued to clients and investors on Tuesday, March 11th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings per share of $0.80 for the quarter, up from their previous forecast of $0.78. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q3 2025 earnings at $0.95 EPS, Q1 2026 earnings at $0.83 EPS and FY2027 earnings at $3.62 EPS.

A number of other research firms have also recently issued reports on OXY. Susquehanna reduced their price objective on Occidental Petroleum from $77.00 to $65.00 and set a “positive” rating for the company in a research report on Thursday, November 14th. The Goldman Sachs Group cut Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $54.00 to $45.00 in a research report on Friday, January 31st. Truist Financial lifted their price objective on Occidental Petroleum from $56.00 to $58.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Raymond James cut Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $81.00 to $64.00 in a research report on Monday. Finally, UBS Group lifted their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the company a “neutral” rating in a research report on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Occidental Petroleum presently has a consensus rating of “Hold” and a consensus target price of $60.68.

Occidental Petroleum Stock Performance

Shares of Occidental Petroleum stock opened at $45.45 on Thursday. The stock has a market cap of $42.66 billion, a PE ratio of 18.63 and a beta of 1.51. The business has a fifty day simple moving average of $49.03 and a 200-day simple moving average of $50.44. The company has a quick ratio of 0.76, a current ratio of 0.95 and a debt-to-equity ratio of 0.95. Occidental Petroleum has a 12 month low of $44.70 and a 12 month high of $71.18.

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

Occidental Petroleum Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.22. Occidental Petroleum’s payout ratio is currently 39.34%.

Insider Buying and Selling

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 purchased at an average price of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now directly 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 filing with the SEC, which is accessible through this link. In the last 90 days, insiders acquired 6,854,394 shares of company stock valued at $315,101,532. Insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Occidental Petroleum

Several large investors have recently added to or reduced their stakes in OXY. Mesirow Financial Investment Management Inc. raised its holdings in Occidental Petroleum by 14.6% in the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 4,028 shares of the oil and gas producer’s stock valued at $208,000 after acquiring an additional 514 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in Occidental Petroleum by 0.9% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 27,566 shares of the oil and gas producer’s stock valued at $1,421,000 after acquiring an additional 257 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Occidental Petroleum by 16.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,920 shares of the oil and gas producer’s stock valued at $99,000 after purchasing an additional 278 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Occidental Petroleum by 1.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,482,049 shares of the oil and gas producer’s stock valued at $76,385,000 after purchasing an additional 22,920 shares during the period. Finally, Verus Capital Partners LLC grew its stake in shares of Occidental Petroleum by 17.3% in the 3rd quarter. Verus Capital Partners LLC now owns 5,173 shares of the oil and gas producer’s stock valued at $267,000 after purchasing an additional 762 shares during the period. Institutional investors and hedge funds 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.