Q1 EPS Estimate for Occidental Petroleum Boosted by Analyst

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Research analysts at Capital One Financial increased their Q1 2025 earnings estimates for shares of Occidental Petroleum in a note issued to investors on Wednesday, January 8th. Capital One Financial analyst B. Velie now expects that the oil and gas producer will earn $0.88 per share for the quarter, up from their prior estimate of $0.59. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.35 per share. Capital One Financial also issued estimates for Occidental Petroleum's Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $0.89 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $3.55 EPS.

OXY has been the subject of several other reports. BMO Capital Markets decreased their target price on Occidental Petroleum from $70.00 to $65.00 and set a "market perform" rating for the company in a research report on Friday, October 4th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $56.00 price objective on shares of Occidental Petroleum in a research report on Friday, November 8th. Stephens increased their target price on shares of Occidental Petroleum from $70.00 to $71.00 and gave the company an "overweight" rating in a research report on Wednesday, November 13th. Evercore ISI decreased their price target on shares of Occidental Petroleum from $67.00 to $63.00 and set an "underperform" rating for the company in a research note on Monday, September 30th. Finally, Mizuho dropped 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. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $62.19.

Occidental Petroleum Stock Performance

Shares of OXY stock traded up $1.44 during trading on Monday, hitting $52.74. The company's stock had a trading volume of 13,889,112 shares, compared to its average volume of 10,666,530. The business has a fifty day moving average of $49.54 and a 200-day moving average of $53.76. The company has a market cap of $49.49 billion, a PE ratio of 13.73 and a beta of 1.57. Occidental Petroleum has a 52 week low of $45.17 and a 52 week high of $71.18. The company has a current ratio of 1.00, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96.

Institutional Trading of Occidental Petroleum

Several institutional investors have recently added to or reduced their stakes in OXY. Acadian Asset Management LLC bought a new stake in shares of Occidental Petroleum in the 2nd quarter worth approximately $1,563,000. DekaBank Deutsche Girozentrale raised its holdings in Occidental Petroleum by 20.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 138,748 shares of the oil and gas producer's stock worth $8,782,000 after purchasing an additional 23,904 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of Occidental Petroleum by 29.8% in the 2nd quarter. Meeder Advisory Services Inc. now owns 11,034 shares of the oil and gas producer's stock worth $695,000 after purchasing an additional 2,531 shares during the period. Thoroughbred Financial Services LLC increased its position in shares of Occidental Petroleum by 38.2% during the second quarter. Thoroughbred Financial Services LLC now owns 5,314 shares of the oil and gas producer's stock valued at $334,000 after buying an additional 1,468 shares during the period. Finally, Wealthspire Advisors LLC raised its stake in Occidental Petroleum by 7.1% in the second quarter. Wealthspire Advisors LLC now owns 9,637 shares of the oil and gas producer's stock worth $607,000 after buying an additional 637 shares in the last quarter. 88.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Occidental Petroleum

In other Occidental Petroleum news, major shareholder Berkshire Hathaway Inc purchased 3,614,015 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $45.60 per share, with a total value of $164,799,084.00. Following the completion of the purchase, the insider now owns 264,178,414 shares of the company's stock, valued at $12,046,535,678.40. The trade was a 1.39 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

Occidental Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, December 10th. Occidental Petroleum's dividend payout ratio (DPR) is currently 22.92%.

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.