Occidental Petroleum (OXY) to Release Earnings on Wednesday

Occidental Petroleum (NYSE:OXY - Get Free Report) will likely be announcing its Q1 2025 earnings results after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $6.97 billion for the quarter.

Occidental Petroleum (NYSE:OXY - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The oil and gas producer reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business had revenue of $6.84 billion for the quarter, compared to analyst estimates of $7.14 billion. On average, analysts expect Occidental Petroleum to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Occidental Petroleum Stock Up 1.4 %

Shares of OXY stock traded up $0.56 during trading hours on Tuesday, reaching $39.37. 9,308,421 shares of the stock were exchanged, compared to its average volume of 10,956,333. Occidental Petroleum has a 12-month low of $34.79 and a 12-month high of $65.45. The business's fifty day moving average is $43.34 and its two-hundred day moving average is $47.45. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.95 and a quick ratio of 0.76. The firm has a market capitalization of $37.00 billion, a P/E ratio of 16.14 and a beta of 0.81.

Occidental Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, June 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Tuesday, June 10th. Occidental Petroleum's payout ratio is 39.34%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Piper Sandler decreased their price objective on Occidental Petroleum from $50.00 to $48.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Raymond James downgraded shares of Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $81.00 to $64.00 in a research report on Monday, March 10th. Wells Fargo & Company lowered their price objective on shares of Occidental Petroleum from $49.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. UBS Group cut their price target on Occidental Petroleum from $44.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, Hsbc Global Res raised shares of Occidental Petroleum to a "hold" rating in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $54.19.

Insider Buying and Selling at Occidental Petroleum

In other news, major shareholder Berkshire Hathaway Inc bought 763,017 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $46.82 per share, for a total transaction of $35,724,455.94. Following the transaction, the insider now directly owns 264,941,431 shares of the company's stock, valued at $12,404,557,799.42. This trade represents a 0.29 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.49% 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.