FY2025 EPS Estimates for OXY Raised by Capital One Financial

Key Points

• Capital One Financial raised its FY2025 EPS estimates for Occidental Petroleum from $2.11 to $2.16.
• In Q2 earnings, Occidental Petroleum reported $0.39 EPS, exceeding the consensus estimate of $0.38.
• The company recently declared a quarterly dividend of $0.24 per share, representing an annual yield of 2.3%.

Occidental Petroleum Corporation (NYSE:OXY - Free Report) - Research analysts at Capital One Financial lifted their FY2025 EPS estimates for shares of Occidental Petroleum in a research note issued on Monday, October 13th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will post earnings of $2.16 per share for the year, up from their prior estimate of $2.11. 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 $0.41 EPS.

Occidental Petroleum (NYSE:OXY - Get Free Report) last announced 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. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.29 billion. Occidental Petroleum had a net margin of 8.79% and a return on equity of 13.78%. Occidental Petroleum's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS.

A number of other brokerages also recently issued reports on OXY. Melius Research started coverage on shares of Occidental Petroleum in a report on Wednesday, August 20th. They issued a "hold" rating and a $64.00 price target on the stock. Piper Sandler boosted their target price on shares of Occidental Petroleum from $48.00 to $50.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Mizuho upgraded shares of Occidental Petroleum from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $58.00 to $60.00 in a report on Friday, October 3rd. Roth Capital boosted their target price on shares of Occidental Petroleum from $45.00 to $46.00 and gave the stock a "neutral" rating in a report on Thursday, October 2nd. Finally, Morgan Stanley restated an "equal weight" rating and issued a $52.00 target price on shares of Occidental Petroleum in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Occidental Petroleum has an average rating of "Hold" and an average price target of $52.61.

Occidental Petroleum Stock Performance

Shares of NYSE OXY opened at $41.89 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.83 and a current ratio of 1.05. The company has a market cap of $41.24 billion, a P/E ratio of 24.79 and a beta of 0.95. The firm's fifty day moving average is $45.58 and its two-hundred day moving average is $43.55. Occidental Petroleum has a 52-week low of $34.78 and a 52-week high of $53.20.

Institutional Investors Weigh In On Occidental Petroleum

Large investors have recently added to or reduced their stakes in the stock. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Occidental Petroleum in the 1st quarter valued at about $1,274,000. Kestra Private Wealth Services LLC boosted its position in Occidental Petroleum by 5.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 17,086 shares of the oil and gas producer's stock valued at $843,000 after buying an additional 906 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Occidental Petroleum by 9.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,596,699 shares of the oil and gas producer's stock valued at $78,813,000 after buying an additional 140,528 shares during the period. swisspartners Advisors Ltd purchased a new stake in Occidental Petroleum in the 1st quarter valued at about $6,006,000. Finally, Blackhawk Capital Partners LLC. purchased a new stake in shares of Occidental Petroleum in the 1st quarter worth approximately $344,000. 88.70% of the stock is owned by hedge funds and other institutional investors.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 10th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, September 10th. Occidental Petroleum's payout ratio is 56.80%.

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.

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