What is Scotiabank’s Estimate for OXY FY2026 Earnings?

Occidental Petroleum Co. (NYSE:OXY) – Equities researchers at Scotiabank issued their FY2026 earnings estimates for shares of Occidental Petroleum in a report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng forecasts that the oil and gas producer will post earnings per share of $3.90 for the year. Scotiabank has a “Sector Outperform” rating and a $65.00 price target on the stock. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share.

OXY has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $56.00 target price on shares of Occidental Petroleum in a report on Friday, November 8th. TD Cowen dropped their target price on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. UBS Group dropped their target price on shares of Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. The Goldman Sachs Group started coverage on shares of Occidental Petroleum in a report on Wednesday, October 2nd. They issued a “neutral” rating and a $55.00 target price on the stock. Finally, Wolfe Research boosted their target price on shares of Occidental Petroleum from $73.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $62.10.

Occidental Petroleum Stock Up 0.3 %

OXY stock opened at $51.35 on Friday. Occidental Petroleum has a 52 week low of $45.17 and a 52 week high of $71.18. The company has a market capitalization of $48.18 billion, a price-to-earnings ratio of 13.37 and a beta of 1.57. The firm’s 50-day moving average is $49.54 and its two-hundred day moving average is $53.82. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum’s payout ratio is presently 22.92%.

Insider Activity

In related news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the acquisition, the insider now owns 264,178,414 shares of the company’s stock, valued at $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On Occidental Petroleum

A number of institutional investors have recently added to or reduced their stakes in the business. Fortitude Family Office LLC lifted its position in shares of Occidental Petroleum by 160.0% in the 3rd quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock worth $25,000 after purchasing an additional 304 shares during the period. Mizuho Securities Co. Ltd. acquired a new position in shares of Occidental Petroleum in the 3rd quarter worth approximately $32,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Occidental Petroleum in the 3rd quarter worth approximately $50,000. Exchange Traded Concepts LLC acquired a new position in shares of Occidental Petroleum during the 3rd quarter valued at $87,000. Finally, Kennebec Savings Bank acquired a new position in shares of Occidental Petroleum during the 3rd quarter valued at $93,000. 88.70% of the stock is owned by institutional investors.

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.