Zacks Research Issues Positive Forecast for OXY Earnings

Occidental Petroleum Co. (NYSE:OXY) – Research analysts at Zacks Research raised their Q3 2025 earnings per share (EPS) estimates for shares of Occidental Petroleum in a report released on Thursday, January 9th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings per share of $0.83 for the quarter, up from their prior estimate of $0.82. The consensus estimate for Occidental Petroleum’s current full-year earnings is $3.35 per share. Zacks Research also issued estimates for Occidental Petroleum’s Q4 2025 earnings at $0.44 EPS, Q1 2026 earnings at $0.74 EPS, Q3 2026 earnings at $0.73 EPS, Q4 2026 earnings at $0.59 EPS and FY2026 earnings at $2.88 EPS.

A number of other research analysts also recently issued reports on OXY. TD Cowen cut their price objective on shares of Occidental Petroleum from $80.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Piper Sandler reduced their price target on Occidental Petroleum from $57.00 to $51.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. UBS Group lowered their price objective on Occidental Petroleum from $58.00 to $51.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Stephens upped their target price on Occidental Petroleum from $70.00 to $71.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, BMO Capital Markets dropped their price target on Occidental Petroleum from $70.00 to $65.00 and set a “market perform” rating on the stock in a research note on Friday, October 4th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Occidental Petroleum presently has a consensus rating of “Hold” and an average target price of $62.10.

Occidental Petroleum Price Performance

OXY opened at $51.35 on Monday. The firm has a market capitalization of $48.18 billion, a PE ratio of 13.37 and a beta of 1.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.00 and a quick ratio of 0.76. The business’s 50-day moving average is $49.54 and its two-hundred day moving average is $53.76. Occidental Petroleum has a 1 year low of $45.17 and a 1 year high of $71.18.

Institutional Trading of Occidental Petroleum

A number of hedge funds and other institutional investors have recently modified their holdings of OXY. Fortitude Family Office LLC increased its position in shares of Occidental Petroleum by 160.0% during the third quarter. Fortitude Family Office LLC now owns 494 shares of the oil and gas producer’s stock valued at $25,000 after acquiring an additional 304 shares during the last quarter. Mizuho Securities Co. Ltd. purchased a new stake in Occidental Petroleum in the third quarter valued at approximately $32,000. Transamerica Financial Advisors Inc. acquired a new position in Occidental Petroleum during the third quarter worth $50,000. Exchange Traded Concepts LLC purchased a new position in shares of Occidental Petroleum during the third quarter worth $87,000. Finally, Kennebec Savings Bank acquired a new stake in shares of Occidental Petroleum in the third quarter valued at $93,000. 88.70% of the stock is owned by institutional investors and hedge funds.

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 dated Thursday, December 19th. The stock was acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the acquisition, the insider now directly owns 264,178,414 shares of the company’s stock, valued at approximately $12,046,535,678.40. This represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Announces Dividend

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

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.