Zacks Research Has Pessimistic Outlook of OXY Q1 Earnings

Occidental Petroleum Co. (NYSE:OXY) – Stock analysts at Zacks Research cut their Q1 2025 earnings per share estimates for Occidental Petroleum in a report released on Tuesday, March 11th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will earn $0.70 per share for the quarter, down from their previous estimate of $0.83. 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 Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.43 EPS, Q2 2026 earnings at $0.98 EPS, Q3 2026 earnings at $0.95 EPS, Q4 2026 earnings at $0.83 EPS and FY2026 earnings at $3.60 EPS.

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

Other equities analysts also recently issued reports about the company. StockNews.com downgraded Occidental Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, February 27th. Raymond James downgraded Occidental Petroleum from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $81.00 to $64.00 in a research report on Monday, March 10th. Roth Capital set a $54.00 price objective on Occidental Petroleum in a research report on Thursday, January 23rd. The Goldman Sachs Group downgraded Occidental Petroleum from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $54.00 to $45.00 in a research report on Friday, January 31st. Finally, Piper Sandler cut their target price on Occidental Petroleum from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 6th. Three equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $60.68.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $46.58 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The stock has a 50 day simple moving average of $48.95 and a 200-day simple moving average of $50.36. The company has a market cap of $43.71 billion, a PE ratio of 19.09 and a beta of 1.51. Occidental Petroleum has a 12-month low of $44.70 and a 12-month high of $71.18.

Hedge Funds Weigh In On Occidental Petroleum

A number of hedge funds have recently modified their holdings of OXY. PKO Investment Management Joint Stock Co bought a new stake in Occidental Petroleum in the fourth quarter worth $1,144,000. Northstar Financial Companies Inc. bought a new stake in Occidental Petroleum in the fourth quarter worth $486,000. Siemens Fonds Invest GmbH boosted its holdings in Occidental Petroleum by 30.0% in the fourth quarter. Siemens Fonds Invest GmbH now owns 43,293 shares of the oil and gas producer’s stock worth $2,139,000 after purchasing an additional 10,003 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Occidental Petroleum in the fourth quarter worth $8,284,000. Finally, Landaas & Co. WI ADV bought a new stake in Occidental Petroleum in the fourth quarter worth $217,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Occidental Petroleum

In related news, major shareholder Berkshire Hathaway Inc purchased 2,477,362 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $46.25 per share, with a total value of $114,577,992.50. Following the completion of the purchase, the insider now owns 257,758,886 shares of the company’s stock, valued at $11,921,348,477.50. The trade was a 0.97 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 6,854,394 shares of company stock valued at $315,101,532 in the last three months. 0.48% of the stock is currently owned by company insiders.

Occidental Petroleum Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.24 per share. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, March 10th. Occidental Petroleum’s payout ratio is 39.34%.

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.