Q2 EPS Estimates for OXY Cut by Capital One Financial

Occidental Petroleum Corporation (NYSE:OXY - Free Report) - Equities research analysts at Capital One Financial cut their Q2 2025 earnings per share estimates for Occidental Petroleum in a research report issued to clients and investors on Monday, July 21st. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.45. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share.

A number of other analysts have also recently commented on the company. Stephens lowered their price target on Occidental Petroleum from $60.00 to $58.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. TD Cowen cut Occidental Petroleum from a "buy" rating to a "hold" rating and lowered their price target for the company from $68.00 to $45.00 in a research note on Tuesday, April 8th. UBS Group lowered their price target on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. JPMorgan Chase & Co. upped their price target on Occidental Petroleum from $47.00 to $48.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, Mizuho lowered their price target on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and a consensus price target of $53.71.

Occidental Petroleum Trading Up 0.2%

NYSE:OXY traded up $0.08 on Thursday, hitting $44.71. 5,626,932 shares of the stock were exchanged, compared to its average volume of 10,707,318. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.79 and a current ratio of 1.01. The stock has a market capitalization of $44.00 billion, a price-to-earnings ratio of 18.18 and a beta of 0.84. The company's 50-day moving average price is $43.43 and its 200 day moving average price is $44.92. Occidental Petroleum has a 52 week low of $34.78 and a 52 week high of $61.35.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.13. The firm had revenue of $6.80 billion during the quarter, compared to analysts' expectations of $6.97 billion. Occidental Petroleum had a return on equity of 16.60% and a net margin of 11.20%. The company's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 EPS.

Occidental Petroleum Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, June 10th. Occidental Petroleum's payout ratio is presently 39.02%.

Institutional Investors Weigh In On Occidental Petroleum

A number of large investors have recently added to or reduced their stakes in the business. Northeast Financial Consultants Inc boosted its position in shares of Occidental Petroleum by 0.4% during the first quarter. Northeast Financial Consultants Inc now owns 58,549 shares of the oil and gas producer's stock valued at $2,890,000 after buying an additional 242 shares during the last quarter. Inspire Investing LLC boosted its position in Occidental Petroleum by 3.8% in the second quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer's stock worth $282,000 after purchasing an additional 247 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Occidental Petroleum by 20.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,631 shares of the oil and gas producer's stock worth $81,000 after purchasing an additional 274 shares during the last quarter. S.A. Mason LLC boosted its position in Occidental Petroleum by 5.9% in the second quarter. S.A. Mason LLC now owns 5,306 shares of the oil and gas producer's stock worth $223,000 after purchasing an additional 295 shares during the last quarter. Finally, Moody National Bank Trust Division boosted its position in Occidental Petroleum by 2.0% in the second quarter. Moody National Bank Trust Division now owns 15,326 shares of the oil and gas producer's stock worth $644,000 after purchasing an additional 300 shares during the last quarter. Institutional investors 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.