Q2 EPS Forecast for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Research analysts at Zacks Research decreased their Q2 2025 EPS estimates for shares of Occidental Petroleum in a research report issued on Wednesday, May 28th. Zacks Research analyst J. Saha now expects that the oil and gas producer will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.80. The consensus estimate for Occidental Petroleum's current full-year earnings is $3.58 per share. Zacks Research also issued estimates for Occidental Petroleum's Q3 2025 earnings at $0.49 EPS, Q4 2025 earnings at $0.50 EPS, FY2025 earnings at $2.22 EPS, Q1 2026 earnings at $0.56 EPS, Q2 2026 earnings at $0.54 EPS, Q3 2026 earnings at $0.59 EPS, Q4 2026 earnings at $0.47 EPS, FY2026 earnings at $2.16 EPS and FY2027 earnings at $2.87 EPS.

Occidental Petroleum (NYSE:OXY - Get Free Report) last released its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.13. The company had revenue of $6.80 billion for the quarter, compared to analysts' expectations of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The business's revenue for the quarter 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.

A number of other brokerages have also recently issued reports on OXY. JPMorgan Chase & Co. lowered their price objective on Occidental Petroleum from $52.00 to $47.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Morgan Stanley set a $58.00 target price on shares of Occidental Petroleum and gave the company an "overweight" rating in a report on Wednesday, March 26th. Wall Street Zen cut shares of Occidental Petroleum from a "hold" rating to a "sell" rating in a report on Thursday, February 27th. Raymond James lowered Occidental Petroleum from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $81.00 to $64.00 in a research note on Monday, March 10th. Finally, Mizuho decreased their price objective on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating on the stock 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 given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $53.14.

Occidental Petroleum Stock Performance

OXY traded down $0.13 during midday trading on Monday, reaching $41.78. The company had a trading volume of 7,009,829 shares, compared to its average volume of 11,301,127. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.95. The stock has a market cap of $41.12 billion, a PE ratio of 17.12 and a beta of 0.81. Occidental Petroleum has a 12-month low of $34.79 and a 12-month high of $64.76. The business has a 50-day moving average price of $41.05 and a two-hundred day moving average price of $46.19.

Occidental Petroleum Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, June 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.30%. Occidental Petroleum's payout ratio is 39.02%.

Institutional Trading of Occidental Petroleum

Several hedge funds have recently added to or reduced their stakes in OXY. Vanguard Group Inc. lifted its stake in shares of Occidental Petroleum by 17.8% in the 1st quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer's stock valued at $3,960,202,000 after acquiring an additional 12,107,285 shares during the last quarter. Berkshire Hathaway Inc raised its holdings in Occidental Petroleum by 3.5% during the 4th quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock valued at $13,053,055,000 after buying an additional 8,896,890 shares during the last quarter. Nuveen LLC bought a new stake in Occidental Petroleum during the 1st quarter valued at $99,853,000. Worldquant Millennium Advisors LLC raised its holdings in Occidental Petroleum by 1,075.3% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 1,930,776 shares of the oil and gas producer's stock valued at $95,400,000 after buying an additional 1,766,491 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Occidental Petroleum by 48.1% during the 4th quarter. Marshall Wace LLP now owns 4,117,777 shares of the oil and gas producer's stock valued at $203,459,000 after buying an additional 1,337,728 shares during the last quarter. 88.70% of the stock is owned by institutional investors.

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.