Research Analysts Set Expectations for OXY FY2025 Earnings

Key Points

• Capital One Financial has reduced its FY2025 earnings per share (EPS) estimate for Occidental Petroleum to $2.48, down from a prior forecast of $2.61, with a current full-year consensus of $3.58 EPS.
• Multiple analysts have adjusted their price targets for Occidental Petroleum, with Barclays raising it to $48.00 and Citigroup to $44.00, while Wall Street Zen downgraded the stock from "hold" to "sell."
• Occidental Petroleum recently declared a quarterly dividend of $0.24 per share, representing a 2.2% yield and a payout ratio of 56.80%.

Occidental Petroleum Corporation (NYSE:OXY - Free Report) - Analysts at Capital One Financial cut their FY2025 earnings estimates for shares of Occidental Petroleum in a research report issued on Monday, August 18th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings per share of $2.48 for the year, down from their prior estimate of $2.61. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share. Capital One Financial also issued estimates for Occidental Petroleum's Q4 2025 earnings at $0.66 EPS, Q1 2026 earnings at $0.53 EPS, Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.53 EPS, FY2026 earnings at $2.13 EPS and FY2027 earnings at $2.03 EPS.

Several other brokerages have also recently issued reports on OXY. Scotiabank lifted their target price on shares of Occidental Petroleum from $40.00 to $45.00 and gave the stock a "sector perform" rating in a research note on Friday, July 11th. UBS Group lifted their target price on shares of Occidental Petroleum from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Wednesday. Mizuho lowered their target price on shares of Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler lifted their target price on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company reduced their price target on Occidental Petroleum from $47.00 to $46.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Four investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Occidental Petroleum currently has an average rating of "Hold" and a consensus price target of $54.65.

Occidental Petroleum Price Performance

OXY traded up $1.1740 on Wednesday, hitting $45.7340. 11,270,300 shares of the company's stock were exchanged, compared to its average volume of 9,812,062. Occidental Petroleum has a fifty-two week low of $34.78 and a fifty-two week high of $58.47. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $44.16 and a 200-day moving average price of $44.08. The stock has a market cap of $45.02 billion, a price-to-earnings ratio of 27.06 and a beta of 0.91.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.01. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. The firm had revenue of $6.41 billion for the quarter, compared to analysts' expectations of $6.29 billion. During the same quarter last year, the company earned $1.03 EPS. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year.

Hedge Funds Weigh In On Occidental Petroleum

Institutional investors and hedge funds have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. acquired a new position in shares of Occidental Petroleum during the second quarter worth about $27,000. Bernard Wealth Management Corp. acquired a new position in shares of Occidental Petroleum during the fourth quarter worth about $32,000. Grove Bank & Trust grew its position in shares of Occidental Petroleum by 129.2% during the first quarter. Grove Bank & Trust now owns 722 shares of the oil and gas producer's stock worth $36,000 after buying an additional 407 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Occidental Petroleum by 1,193.9% in the second quarter. Hantz Financial Services Inc. now owns 854 shares of the oil and gas producer's stock valued at $36,000 after purchasing an additional 788 shares in the last quarter. Finally, American National Bank & Trust purchased a new position in Occidental Petroleum in the first quarter valued at approximately $39,000. 88.70% of the stock is owned by institutional investors and hedge funds.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. Occidental Petroleum's payout ratio is currently 56.80%.

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.