OXY FY2026 EPS Estimate Increased by Capital One Financial

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Analysts at Capital One Financial lifted their FY2026 EPS estimates for Occidental Petroleum in a research report issued on Monday, March 10th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $3.41 per share for the year, up from their prior estimate of $3.14. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share.

OXY has been the subject of several other reports. UBS Group lifted their price objective on Occidental Petroleum from $54.00 to $56.00 and gave the company a "neutral" rating in a report on Thursday, February 20th. StockNews.com downgraded shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a research report on Thursday, February 27th. Mizuho reduced their price objective on Occidental Petroleum from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Raymond James cut shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $81.00 to $64.00 in a research report on Monday. Finally, Truist Financial increased their price target on Occidental Petroleum from $56.00 to $58.00 and gave the company a "hold" rating in a research note on Monday, January 13th. 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's stock. Based on data from MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and an average price target of $60.68.

Occidental Petroleum Stock Performance

Occidental Petroleum stock traded up $1.13 during midday trading on Tuesday, hitting $46.58. The company's stock had a trading volume of 12,171,602 shares, compared to its average volume of 11,338,112. Occidental Petroleum has a 1-year low of $44.70 and a 1-year high of $71.18. The company has a 50-day moving average price of $49.03 and a two-hundred day moving average price of $50.44. The company has a market cap of $43.71 billion, a price-to-earnings ratio of 19.09 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.

Occidental Petroleum (NYSE:OXY - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $7.14 billion.

Occidental Petroleum Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 10th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.06%. 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%.

Insiders Place Their Bets

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc bought 3,614,015 shares of Occidental Petroleum stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $45.60 per share, for a total transaction of $164,799,084.00. Following the completion of the purchase, the insider now directly owns 264,178,414 shares in the company, valued at approximately $12,046,535,678.40. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired 6,854,394 shares of company stock valued at $315,101,532 in the last three months. Corporate insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new position in Occidental Petroleum in the fourth quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Occidental Petroleum in the fourth quarter worth $27,000. VSM Wealth Advisory LLC acquired a new position in Occidental Petroleum in the fourth quarter valued at approximately $27,000. Mizuho Securities Co. Ltd. purchased a new stake in Occidental Petroleum during the third quarter worth $32,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Occidental Petroleum in the fourth quarter worth about $32,000. 88.70% of the stock is owned by institutional investors.

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.