Q2 EPS Estimate for Occidental Petroleum Cut by Analyst

Occidental Petroleum Co. (NYSE:OXY - Free Report) - Analysts at Zacks Research lowered their Q2 2025 EPS estimates for shares of Occidental Petroleum in a research report issued to clients and investors on Wednesday, May 28th. Zacks Research analyst J. Saha now forecasts that the oil and gas producer will post earnings of $0.36 per share for the quarter, down from their prior 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 quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.13. The company had revenue of $6.80 billion for the quarter, compared to analyst estimates of $6.97 billion. Occidental Petroleum had a return on equity of 16.33% and a net margin of 11.37%. The firm'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 company posted $0.63 EPS.

A number of other equities analysts have also recently issued reports on OXY. Barclays upped their price objective on Occidental Petroleum from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Citigroup upped their price objective on Occidental Petroleum from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Mizuho cut their price objective on Occidental Petroleum from $60.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, May 13th. Hsbc Global Res upgraded Occidental Petroleum to a "hold" rating in a report on Wednesday, April 16th. Finally, TD Cowen cut Occidental Petroleum from a "buy" rating to a "hold" rating and dropped their target price for the company from $68.00 to $45.00 in a report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.14.

Occidental Petroleum Price Performance

NYSE OXY traded up $0.66 during trading on Monday, reaching $41.44. The company's stock had a trading volume of 7,996,510 shares, compared to its average volume of 11,255,057. The stock has a market capitalization of $40.78 billion, a PE ratio of 16.98 and a beta of 0.81. 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 fifty day moving average of $41.49 and a 200 day moving average of $46.31. Occidental Petroleum has a one year low of $34.79 and a one year high of $64.76.

Institutional Trading of Occidental Petroleum

A number of large investors have recently made changes to their positions in the stock. Berkshire Hathaway Inc grew its stake in shares of Occidental Petroleum by 3.5% in the fourth quarter. Berkshire Hathaway Inc now owns 264,178,414 shares of the oil and gas producer's stock worth $13,053,055,000 after acquiring an additional 8,896,890 shares during the period. Vanguard Group Inc. grew its holdings in shares of Occidental Petroleum by 17.8% in the first quarter. Vanguard Group Inc. now owns 80,230,989 shares of the oil and gas producer's stock worth $3,960,202,000 after acquiring an additional 12,107,285 shares during the period. Geode Capital Management LLC grew its holdings in shares of Occidental Petroleum by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 14,245,357 shares of the oil and gas producer's stock worth $701,816,000 after acquiring an additional 398,467 shares during the period. H&H International Investment LLC grew its holdings in shares of Occidental Petroleum by 1.8% in the first quarter. H&H International Investment LLC now owns 13,826,100 shares of the oil and gas producer's stock worth $682,456,000 after acquiring an additional 249,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Occidental Petroleum by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 8,128,136 shares of the oil and gas producer's stock worth $401,162,000 after acquiring an additional 710,220 shares during the period. 88.70% of the stock is currently owned by institutional investors.

Occidental Petroleum Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, June 10th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, June 10th. Occidental Petroleum's payout ratio is 39.02%.

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.